BeBop Sensors Awarded $5M in Funding

BeBop Sensors, a provider of smart fabric sensor technology, has closed on a $5 million convertible note, completing its second tranche investment.

With millions of sensors already in use, BeBop Sensors designs, manufactures, and delivers flexible fabric sensors for major OEMs (original equipment manufacturers), with its key vertical market in automotive, and additional markets in health, IoT, sports, medical and gaming, the company states.

According a press release, in addition to the $5 Million investment, BeBop will also be seeking a Series A financing to fund additional manufacturing capacity, as well as continue groundbreaking R&D to maintain its multi-year head start in the growing fabric sensor market.

“Competence in producing complete end-to-end solutions makes BeBop unique, potent, and an essential link between squishy humans and rigid electronics,” said BeBop Sensors Founder and CEO, Keith McMillen. “BeBop’s major vertical is automotive - autonomous cars, safety, HMI (Human Machine Interfaces), and the ever-growing need for OCS (Occupant Classification System) required for better airbag performance. We are engaged with 10 of the largest automotive manufacturers and tier one suppliers. Other active markets include IoT and consumer health.”

For more information, visit BeBop Sensors.

Sources: Press materials received from the company and additional information gleaned from the company’s website.