ibeat

insurtechiot-preventive insurance/telematics

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 17/12/2018

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MEDICI Analysis

ibeat is a smartwatch that alerts users about potential health conditions by monitoring their heart rate, oxygen level, and blood flow. It analyzes data in real time by using optical sensors. The designated contacts re-alerted through call or texts in case of an emergency, along with the user's location.

Focus

PRODUCTS & SERVICES

In addition to the health monitoring solution, the smartwatch offers a heart-related emergency feature, where it automatically alerts its 24-hour response team, which then notifies the family and 911.

REVENUE MODEL

The company generates revenue by selling the iBeat Watch at the cost of $249. It also charges a monitoring fee at $20 per month.

MAIN CLIENTS

Retail customers

EXISTING PARTNERSHIPS

The company has partnerships with HealthCorps and SafeBeat.

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