Saturday, July 30, 2011

Heartrate App Scores Funding Fix - Azumio raises Series A round from Accel, Founders Fund

Azumio (, the developer of biofeedback apps for smartphones, has announced that it has raised $2.5 million in Series A funding from Founders Fund, Accel Partners and Felicis Ventures. The company will use the new investment to expand its product development.

Azumio is the creator of Instant Heart Rate, the world's most popular biofeedback app, which uses your phone's camera and flash to instantly and conveniently monitor your heart rate. In the nine months since its launch, Instant Heart Rate has been downloaded more than 8 million times.

Azumio is a venture-backed company that is co-founded by scientists and technology pioneers. Azumio's CEO Bojan Bernard Bostjancic, Ph.D., is the former President at Telsima, which was acquired by Harris; and cofounder of Livecliq, mobile video startup. Bojan worked at CERN, the birthplace of the World Wide Web. Co-founder Peter Kuhar, CTO, previously developed low power wireless devices with Modula and secure mobile payments with Halcom, among others.

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