consumer devices

British integrated optics solutions company Rockley Photonics have raised $50 million in growth funding led by Credit Suisse-backed SIG-i Capital and the venture capital arm of Applied Materials Inc., Applied Ventures, LLC. The optics solutions provider also received backing from deep-tech VCs, institutional funds, strategic investors and existing shareholders.

Pharma companies are increasingly embracing the use of wearables and other connected devices to streamline and improve data collection in clinical trials.