Jawbone, which recently diversified from its focus on Bluetooth headsets and loudspeakers to produce the UP health-tracking wristband, has just announced it’s received $40 million in new funding.
The current round of funding came from Deutsche Telekom, Kleiner Perkins Caufield & Byers, entrepreneur Yuri Milner and investors advised by J.P. Morgan Asset Management. It means the company has now received approaching $210 million from various investors.
Dr Irwin Jacobs, one of the seven co-founders of mobile technology giant Qualcomm Incorporated, is retiring from the board of directors at next year’s annual stockholder meeting. He’ll then be given the role of Founding Chairman and CEO Emeritus.
Dr Jacobs served as Qualcomm’s chief executive officer for 20 years, starting from the company’s founding in 1985. He remained as chairman until 2009.