DURHAM — BioMetrix Co., a developer of wearable motion analytics devices, has raised $3 million according to a filing with the Securities and Exchange Commission.
The money was raised in the form of equity from 26 investors, according to the filing. The Durham-based company still has $1.2 million left to raise.
Fathom
BioMetrix develops wearable motion analytics devices for athletic training and rehabilitation applications to improve the health and mobility of athletes by monitoring their motion and predicting potential injury.
The company was founded in 2014 by Ivonna Dumanyan and Gabrielle Levac, both former Duke University NCAA athletes.
The two have now named the company and the technology Fathom AI, which offers personalized athletic training and analysis.
The company’s wearable sensors are being marketed to university athletic programs, dance companies, professional athletes and the military.
Dumanyan, chief executive officer, graduated from Duke University in 2016 with a bachelor’s degree in mechanical engineering and a master’s degree in mechanical engineering in 2017.
Levac, chief operating officer, graduated from Duke University in 2014 with a bachelor’s degree in statistics. She was a Duke cross country and track and field athlete.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
