Intel wants some smartwatch action – buys Basis Science for US$100m

4 Mar 201481 Views

Chip maker Intel has accelerated its activity in the wearable computing space with the acquisition of smartwatch maker Basis Science for around US$100m.

Basis Science, maker of the Basis Carbon Steel Activity Tracker, is a smaller player than Fitbit and Jawbone but specialises in sensors that track heart rate, skin temperature, perspiration and sleep patterns.

Basis is understood to have been in talks with other tech giants, including Google, Apple and Samsung, with a view to being acquired.

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The company had been backed to the tune of around US$30m by Intel Capital, DCM, Northwest Venture Partners and the Mayfield Fund.

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John Kennedy is a journalist who served as editor of Silicon Republic for 17 years

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