Smart Beat has been acquired since this press release was originally posted.
Salt Lake City, Utah — August 29, 2019 —SmartBeat today announced it has received a seed investment from Ideaship, a patent leveraged venture capital firm that provides patent development capital for early stage startups. The investment will support SmartBeat’s efforts to engineer, manufacture, and deploy their revolutionary infant monitoring solution to consumers nationwide.
“SmartBeat’s technology represents a major break-through in infant monitoring technologies. To be able to bring affordable infant monitoring technologies to the home is a central mission of Smart Beat and we are grateful to be part of the team. I have known Nate for several years, when he presented his idea at the 1 Million Cups event in Salt Lake City. He has made significant progress and has turned his idea into a product. Nate is passionate about monitoring breathing using a camera that is widely available. We are excited to invest in Nate, his company, and his idea,” said Robert Bell, Ideaship Venture Partner.
“The Ideaship team has exceeded my expectations in every regard. They were able to marshall significant resources to assist us with our patent portfolio development at a key inflection point. They have been professional, proactive, and diligent in their efforts to protect our innovations,” remarked Nathan Ruben, co-founder and CEO of SmartBeat.
SmartBeat is a B2C infant monitoring system solutions company based in Salt Lake City, Utah. SmartBeat engineers and manufactures state of the art, computer vision powered infant monitoring systems. For more information, please visit https://mysmartbeat.com/.
Ideaship is a patent leveraged venture capital firm, comprised of world-renowned experts at understanding, articulating, and activating patent value. Ideaship provides patent development capital for early stage ventures. Ideaship is a collaboration between Global Technology Transfer Group (GTT Group) and Panasonic Intellectual Property Corporation of America. Ideaship combines the wisdom and experience of GTT Group’s patent analysis, valuation, and monetization practices with Panasonic Intellectual Property Corporation of America’s world-leading patent department to achieve enterprise value premiums.
Ideaship works with founders to maximum enterprise value from their innovations. Ideaship provides the human and monetary capital to capture patent value, while extending operational capital and first mover advantage.