Smartphone Medical App Company Azumio Raises $2.5 Million

Posted Jul 28, 2011

A couple of years ago Bojan Bostjancic and Peter Kuhar started building Instant Heart Rate, an iPhone app that measures the heart rate of a user through the smartphone camera. Users would hold their finger over the camera for 10 seconds and the app would be able to detect and measure their heart rate. This app has hit 8 million downloads in 9 months between iPhone and Android.

Bostjancic and Kuhar formed the company Azumio as the app continue to succeed. Now Azumio has raised $2.5 million in funding from Founders Fund, Accel Partners, and Felicis Ventures. The company will be using the funding to expand their product line going forward. Two of the company’s newest apps include Stress Check and Stress Doctor.

?Mobile technology is fundamentally changing everything, including our approach to health,? stated Bostjancic. ?We realized this would happen with this technology built into smartphones, and we decided we wanted to provide a simple solution for bigger health problems.? Bostjancic previously sold WiMAX hardware company Telsima to Harris Stratex for $12 million in 2009.