VENTURE CAPITAL POST

Apple Inc has invited top fashion editors and bloggers in unprecedented numbers to its Tuesday launch gala, further evidence that the iPhone maker is preparing to take the wraps off a smartwatch.

Silent Herdsman, the startup that has developed wearable technology to determine if cattle is in heat, has bagged £3 million in new funds from an investor syndicate, TechCrunch reported.

Sources told tech news website TechCrunch that Basis Health Tracker Watch maker Basis Science has been bought by Intel for anywhere from $100 million to $150 million.

While venture capital funding for healthcare influenced by information technology or HIT is more pronounced in the US, venture capitalists are also showing interest in the niche in India, The Hindu Business Line reported.

Hardware startup Misfit Wearables raised USD15.2 million in fresh capital in a funding round led by Li Ka-shing's Horizons Ventures and also participated by its existing investors.

Qualcomm and Samsung offered to the public the Toq and Galaxy Gear as an alternative to the smartphone.

Apple's newest acquisition hinted a step toward the possibility of wearable gadgets hitting the market soon.