Biometric Startup Sensifree Raises $5M

May 29, 2016 | Israeli startup Sensifree, which is developing low power, contact free, electromagnetic sensors that accurately collect a range of continuous biometric data without the need to touch the human body, has completed a $5 million Series A financing round. TransLink Capital led the investment with participation from existing and new investors, including UMC Capital, a subsidiary of United Microelectronics Corp. and an undisclosed strategic investor. The investment adds to seed investment made by Samsung’s Catalyst fund and brings Sensifree’s total funding since launching its revolutionary RF-based biometric sensor technology to $7 million. The funding will help the company aggressively expand its engineering and product development teams, and accelerate its business development efforts. With offices in Petah Tikva and Cupertino California, Sensifree was founded by CEO Eran Agmon and CTO Ilan Barak. The Company’s first product is a contactless heart rate sensor for wearable devices for applications such as traditional watches, fitness trackers and smart clothing.