Basis Science

The company's core business revolved around the design and sale of a sophisticated health tracker, the Basis band. This wrist-worn device was engineered to capture a comprehensive set of physiological metrics, going beyond simple step counting. Its multi-sensor technology measured heart rate via optical blood flow, monitored activity levels, tracked sleep quality, and even gauged exertion through perspiration and skin temperature changes. The business model involved selling this hardware to consumers and providing a companion web and mobile service that translated the raw data into actionable insights to help users improve fitness, sleep, and stress levels. This made the product appealing to health-conscious individuals and athletes seeking to optimize their performance and recovery.

A significant milestone in the company's history was its acquisition by Intel Corporation in March 2014 for a sum reported to be between $100 million and $150 million. This acquisition was a strategic move for Intel to gain immediate entry and a stronger foothold into the rapidly growing wearables market. At the time of the sale, Basis Science had captured approximately seven percent of the health tracker market. Following the acquisition, the Basis team was integrated into Intel's New Devices Group, where they were tasked with contributing to future wearable initiatives while continuing to support the existing Basis band and its users.