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While recognising their potential, the authors have warned against their use in the current state.
Trade association raises concern that new regulatory system is not ready to support the transition of technology.
The new investigation also found substantial differences between the performance of specific devices, with consumer products generally outperforming research wearables.
The funds will help the mental health startup expand its global footprint.
The new tool comes as cases of the COVID-19 (novel coronavirus) reached over 40,000 in China.
Palisades Growth Capital led the round, which brings the startup's total raise to over $7 million.
The microgravity research will take place in a miniature laboratory onboard a nanosatellite.
American Well General Manager for Strategic Solutions Dr. Jeff Kosowsky and Stanford Associate Professor of Medicine Dr. Mintu Turakhia will talk lessons learned from the Apple Heart Study next month at HIMSS20.
The company plans to triple its production, design and engineering teams with the new funds.
The round was led by Indian firm Premji Invest with participation from Cox Enterprise, Temasek F-Prime Capital, Devonshire Investors, .406 Ventures, Flare Capital Partners, Polaris Partners and Khosla Ventures.