Smart wearables company KaHa secures US$6.2M Series B funding
KaHa, a Singapore-based end-to-end IoT platform for smart wearables, has raised US$6.2 million in Series B funding, led by ICT Fund, who specialises in deep-tech venture capital fund. An unnamed existing strategic investor from Europe also joined the round.
KaHa said that the funds raised in this round will be used to boost its research and development and scale its operations in the Asia Pacific region. APAC is the world’s fastest growing smart wearables market now.
Earlier this year, the firm launched the COVE R2C IoT Innovation Lab, a multipartite IoT innovation and research lab in Singapore’s one-north technology hub.
KaHa is currently developing use cases for smart wearables in collaboration with public and private partners across the IoT development value chain. Partners include Singapore research institute A*STAR SIMTech, Bridgestone, Curtis Australia, MHA Manufacture de Haute Accessoirie Partners, Tex Line, and Titan.
One of KaHa’s innovations is its collaboration with Tex Line and A*STAR SIMTech to create the first made-in-Singapore Smart Fitness T-shirt. The smart-T was tested at the one-north Run 2018, monitors live ECG, live heart rate, and other health parameters.
Beyond smart wearables, KaHa, together with A*STAR Institute of Microelectronics or IME, developed an extravasation detection proof of concept designed to detect the swelling for medical patients.
“Our mission is to create a better and safer environment, so it is important for us to bring innovative and relevant technologies into a consumer’s everyday life. This new round of funding will allow KaHa to discover more breakthrough products that can support the health and wellness, sports, and fitness, safety, and digital payments needs, as well as increase the COVE platform’s availability internationally and improve our accessibility and affordability,” said Pawan Gandhi, founder, and CEO of KaHa.
KaHa was founded in Singapore in 2015 and claimed to be one of the few companies in the world to have an end-to-end IoT platform for smart wearables including electronics design, printed circuit board assembly, the application framework for iOS and Android, cloud services, data analytics, and smart after-sales service tool.
The platform enables partners and customers to incorporate the latest technology without prohibitive financial costs and speed up their go-to-market time for smart products including smart bands, smartwatches, smart accessories, and smart apparel.
Moving forward, KaHa plans on expanding its presence in Singapore and China as well as play a more significant role in the country’s IoT ecosystem within the next two years.