Carlifonia-based AI startup Spike has announced the closing of a $700,000 pre-seed round to help digital health firms improve their clients’ lives.
The pre-seed funding round was led by Geek Ventures in NYC, with participation from Florida-based CEAS Investments and APX, an early-stage investor based in Berlin and backed by Axel Springer and Porsche. Angel investors from Austin, Texas, NYC and Silicon Valley also participated in the round.
Launched in 2022, Spike is a B2B data technology and artificial intelligence that provides API aggregation, data pipeline management (ETL), and an AI-backed solution to empower health data from wearables and IoT devices.
The startup allows companies to easily Integrate biomarker data from 200+ wearable sensors and IoT devices, such as Garmin and Apple Watch, into their applications which provides AI tools for health-related prediction, recommendation, and prevention.
Spike services clients are in the digital health, professional fitness, insurance, and automation sectors. The startup however did not disclose the size of it's customer base, but there are reports that it is in the dozens.
The company says it plans to use the money to invest in back-end infrastructure to support extra-large concurrent workloads as it expands its clientele and average size of customers.