MC10 Raises $19 Million For Mesh Sensors

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Cambridge, MA-based bio-sensor startup MC10 announces a $19.8 million series D funding round, contributed by 15 unnamed investors. The funding comes just eight months after MC10 closed an $18 million series C. The most recent round brings MC10’s lifetime total to nearly $60 million.

Founded in 2008, MC10 manufacturers sensors embedded in silicone sliced so thin that it can bend and flex around the body. The company is using its bendable electronics design as the central component of a whole host of health sensors, like smart apparel, or a band-aid like hydration monitor.

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While revenue hasn’t picked up enough to support itself financially yet, there is no lack of interest in the sensors MC10 is working on. Reebok recently signed with the company to outfit its CheckLight sports cap with MC10 sensors. The cap monitors collision force and alerts coaches on the sidelines when a player has received a dangerous blow to the head.

The company is working with the US Army to co-develop a fabric capable of harvesting solar power. The fabric would be incorporated into the next generation of camouflage battle fatigues to provide future soldiers a way of generating enough independent power to run any number of support gear.

Just prior to the new funding announcement, MC10 hired  Sanjay Gupta, PhD, a former Motorola executive, as their new vice president of product development. Gupta spent 15 years at Motorola where he served as the vice president of product development over the wireless accessories business unit. The press release announcing his new role explained that he would be overseeing “the development of MC10’s next-generation, wearable and stretchable electronic products and platforms.”

CEO David Icke says of Gupta, “Adding Sanjay to the team will help MC10 accelerate the development of disruptive consumer products that improve our lives. His background in both consumer electronics and wireless communications is a great fit as we bring innovative body-integrated computing to our target markets.”

With five years and more than $50 million spent, investors are likely pressuring MC10 find a more direct path toward financial solvency, and from the sounds of it Gupta will a key player in delivering on that expectation.


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