UnaliWear Secures Investment

UnaliWear Secures Strategic Investment from Maxim Ventures

AUSTIN, TX—Feb. 29, 2016—UnaliWear™ and Maxim Integrated Products, Inc. today announced the initial closing of UnaliWear’s $3.4M Series Seed financing, led by a $1M investment from Maxim Ventures.  The majority of Maxim’s investment will be dedicated to beta test preparation for UnaliWear’s Kanega watch, which is the wearable part of a Personal Emergency Response System (PERS) that delivers independence with dignity for independent but vulnerable populations.

The companies are working together on the Kanega watch, a go-everywhere unobtrusive wearable that provides discrete support for falls, medication reminders, and a guard against lost-wandering with “guide-me-home” assistance.  Thanks to the patent-pending battery system in the band, wearers don’t need to take off the watch to charge it. The waterproof watch can be worn in the shower or bath, as well as during exercise like a water aerobics class.  Featuring a classical watch style, the Kanega watch uses an easy speech interface rather than buttons or touch screens. It learns the wearer’s lifestyle to provide predictive, pre-emptive support. For example, it may provide directions home or notify the user of gait or speech changes that may be signs of a medical problem such as a stroke.  It has cellular and Wi-Fi connections for use in and out of the home, as well as built-in GPS tracking.

“My 82-year-old mother wasn’t willing to wear today’s medical alert products, because she said they were ugly, limited to use in the house unless tethered to a smart phone (which she doesn’t have and doesn’t want), and the big help buttons marked her as ‘old’,” said Jean Anne Booth, CEO, UnaliWear. “Like most of today’s independent-living seniors, she chose not to use medical monitoring support rather than suffer social stigma. Mom now serves as UnaliWear’s Senior User Experience Advisor.”

“We are excited by UnaliWear’s vision and their dedication to a purpose-built wearable that provides a solution for vulnerable populations,” said Shailendra Mahajan, Managing Director of Maxim Ventures.

“With Maxim’s leadership, UnaliWear is well-poised for future growth and investment,” stated Jean Anne Booth, CEO, UnaliWear.  “This investment accelerates the delivery of the Kanega watch, and we’re excited to be soon delivering on our mission of extending independence with dignity for vulnerable populations.”

“Maxim Ventures continues to strategically invest in healthcare products that align with our goal of expanding the high-end wearable market for our parent Maxim Integrated’s semiconductor products,” said Chris Neil, Head of Maxim Ventures. “The Kanega watch conveniently links wearers with the support they need and allows people to live more independently and safely.”

Originally developed for seniors, UnaliWear’s successful Kickstarter campaign in early 2015 broadened the company’s outlook. Today, that includes people with disabilities and people with chronic diseases such as Parkinson’s disease, multiple sclerosis and Lou Gehrig’s disease. The Kanega watch is entering beta testing, and should be available in the U.S. in the second half of 2016.
About Maxim Ventures

 Maxim Ventures, the venture arm of Maxim Integrated Products, Inc. (“Maxim”), invests in new businesses that are “beyond the chip.” We leverage Maxim’s enabling sensor and integrated circuit technologies and use that know-how as the basis to build companies that extend up the data-flow value chain into equipment, systems, software and services.  Visit us at http://www.maximventures.com.

About UnaliWear

UnaliWear’s Kanega watch provides discreet support for falls, medication reminders, and a guard against wandering in a classically-styled watch that features an easy-to-use speech interface rather than buttons.  Unlike traditional medical alert products, the Kanega watch works where you are, 24×7 – and doesn’t require a smartphone. The Kanega watch combines cellular, Wi-Fi, GPS, BLE (for hearing aids and telemedicine devices), an accelerometer for automatic fall detection, and continuous speech to provide an active medical alert that works anywhere, along with data-driven artificial intelligence that learns the wearer’s lifestyle to provide predictive, pre-emptive support.

Additional information is available at https://www.unaliwear.com.  Follow our news on Twitter at @UnaliWear, and on Facebook at http://www.facebook.com/UnaliWear.


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    If equipment is returned undamaged and fully functioning within the 30-day trial period (from date of shipment to date of return), UnaliWear will provide a free return-shipping label and refund your entire purchase, minus a $75 restocking fee.

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    Pre-Shipment Form & Configuration

    Once your purchase and payment are complete, we will ask you to provide important information about the person who will be wearing this Kanega watch and protected by our monitoring and emergency response services, including:
    • Wearer name and contact information
    • Wearer band/wrist size
    • Service address and access instructions
    • WiFi settings
    • Emergency contacts
    • Medication reminder times (optional)
    Our Care & Safety Experts will use this information to pre-program and personalize your watch so that it arrives ready-to-use straight out of the box – for no additional fee.

    Your Kanega watch and equipment arrives fully—configured and ready-to-use straight out of the box — no programming required.

    Our dedicated Care & Safety Experts ensure your Kanega watch arrives pre-programmed and personalized with you or your loved ones:
    • Emergency contacts
    • Notification settings
    • WiFi settings
    • Optional medication reminders
    • And more
    After your purchase, we will ask you to provide important information about the wearer through a simple pre-shipment online form. Then our Care & Safety Experts will take care of the rest. They will also call once your Kanega watch is delivered to answer any questions you have about your watch, accessories, subscription or services — and will remain available to ensure your watch is working properly as long as you stay subscribed.

    UnaliWear’s patented RealFall™ technology is based on actual fall data from Kanega Watch wearers and gets smarter about each wearer’s personal movements over time— continuously improving fall detection accuracy and limiting/eliminating false alerts. No other medical alert system offers this real fall/related movement learning and continuous improvement technology. Click here to learn more.