BASIS Science is a technology company.
BASIS Science has raised $44.0M across 3 funding rounds.
BASIS Science has raised $44.0M in total across 3 funding rounds.
BASIS Science has raised $44.0M in total across 3 funding rounds.
BASIS Science's investors include Bowery Capital, ClimacticVC, DCM, Kitchen Table Partners, Lead Edge Capital, Mayfield, Norwest Venture Partners, Social Capital, WGI Group, Eric Stein, Noah Goodhart, Vince Monical.
BASIS Science was a San Francisco-based technology company that developed the Basis Band, a wrist-worn wearable health tracker capturing physiological metrics like heart rate to help users improve fitness, sleep, and stress management, paired with web and mobile services.[1][4][5][6] It served consumers seeking advanced health and wellness insights through continuous monitoring, solving the problem of inaccessible, real-time biometric data in an era before mainstream wearables dominated.[1][5] Founded in 2011 (formerly Pulse Tracer), the company raised $32.3 million in funding, including from Intel Capital, before being acquired by Intel in March 2014 for around $100 million, accelerating Intel's entry into wearables while allowing Basis products to continue via existing channels.[1][4][5]
Post-acquisition, BASIS Science integrated into Intel's New Devices Group, bringing expertise in health-tracking wearables and expanding Intel's leadership in connected devices, though the Basis Band line did not sustain long-term as a standalone consumer product.[1][5]
BASIS Science was founded in early 2011 by Nadeem Kassam, Bharat Vasan, and Marco Della Torre in San Francisco, initially under the name Pulse Tracer.[4][5] The idea emerged from a focus on pioneering wrist-based health tracking, creating the Basis Band as the "world’s most advanced health tracker" with capabilities for heart rate monitoring and holistic wellness insights via an online dashboard.[1][6] Early traction included $32.3 million in funding, with a Series B of $11.8 million backed by Intel Capital, signaling strong investor confidence amid rising wearable interest.[5]
Pivotal moments included product launches that positioned it as a leader in wearables, leading to acquisition talks with giants like Google, Apple, Samsung, and Microsoft; Intel ultimately acquired it in March 2014 to avoid a funding crunch and leverage its tech for broader ambitions.[1][5] Jef Holove, CEO at the time, transitioned to Intel, emphasizing the fit for scaling innovation.[1]
BASIS Science rode the early 2010s wearable revolution, capitalizing on surging demand for health-focused devices amid smartphone integration and quantified-self trends, just as fitness trackers like Fitbit gained traction.[1][5] Timing was ideal: pre-2014, wearables were nascent, and Intel sought entry beyond PCs into connected health tech, using BASIS to accelerate its New Devices Group amid competition from Apple and Google.[1][5]
Market forces like rising consumer health awareness and IoT growth favored it, influencing the ecosystem by validating wrist-based biometrics and paving the way for Intel's broader wearable push, though it highlighted acquisition risks for independents facing funding pressures.[5]
Post-2014 acquisition, BASIS Science's tech folded into Intel, but its direct consumer impact waned as Intel pivoted wearables amid shifting priorities—today, its legacy endures in health-tracking advancements embedded in modern devices.[1][5] Next could involve revival through Intel's IoT or AI health initiatives, shaped by trends like AI-driven biometrics and continuous monitoring in smartwatches. Its influence may evolve via foundational contributions to enterprise wellness tech, underscoring how early innovators like BASIS fuel giants' dominance in wearables.[1][5] This cements BASIS Science's role as a pivotal bridge from startup innovation to industry-scale impact.
BASIS Science has raised $44.0M across 3 funding rounds. Most recently, it raised $23.0M Series B in October 2013.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2013 | $23.0M Series B | Bowery Capital, ClimacticVC, DCM, Kitchen Table Partners, Lead Edge Capital, Mayfield, Norwest Venture Partners, Social Capital, WGI Group, Eric Stein, Noah Goodhart, Vince Monical | |
| Mar 1, 2013 | $12.0M Series B | Bowery Capital, ClimacticVC, DCM, Kitchen Table Partners, Lead Edge Capital, Mayfield, Norwest Venture Partners, Social Capital, WGI Group, Eric Stein, Noah Goodhart, Vince Monical | |
| Mar 1, 2011 | $9.0M Series A | ClimacticVC, DCM, Norwest Venture Partners, Social Capital, Eric Stein, Vince Monical |