Sky Labs, maker of ring-type BP monitor, bags $15M Series C funding

MobiHealth News October 17, 2023
Adam Ang

Despite a dry investment climate, it was able to secure what could be the biggest funding raise by a health tech company in South Korea this year.

South Korean health tech startup Sky Labs has raised 20.7 billion won ($15.3 million) in a Series C funding round led by the government-run Korea Development Bank.

K2 Investment Partners, Devsisters Ventures, SJG Partners, and OpenWater Investment also joined the investing round.

This brings its total investment to 54.8 billion won ($40.5 million). It last raised $20 million in a Series B round in 2021.

The company is known for its AI-powered ring-type blood pressure monitor called CART-I BP. It measures blood pressure by tracking PPG signals on the wearer’s finger....

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