Amazon Alexa Fund Invests in Baby Care Tech Startup Owlet
Owlet Baby Care raised $15 million in a new funding round the company announced today. The company provides a smart sock that monitors a baby’s heart rate and oxygen levels. Parents are then able to view the baby’s vitals through a smart phone app. One of the investors was the Amazon Alexa Fund, which provides venture capital to fuel voice technology innovation.
In the company’s press release, Steve Rabuchin, Vice President of Amazon Alexa commented, “We look forward to the future opportunities to integrate Owlet with Alexa, empowering parents with the incredible data and information provided by Owlet.” According to CrunchBase, the fund has only invested in seven other companies since March of 2015. The largest being a recent investment of $120 million in wearable tech company Thalmic Labs.