Atlas Wearables Raises One other Million For Its Smarter Health Tracker, Begins Delivery This Winter
Wearables are a crowded market, however within the health-monitoring area of interest, most of the prime units at this time are nonetheless simply glorified step trackers with fancier software program and some extra bells and whistles. An organization referred to as Atlas Wearables needs to push the health band market ahead with a tool that’s capable of monitor which train or exercise you’re presently doing, the reps you’ve accomplished, and even how your type compares to a library of type reference workouts.
The corporate has now raised simply over one million to assist convey its product to market, and is planning to ship its first system this winter, in line with co-founder and CEO Peter Li.
He says the startup plans to succeed in full manufacturing capabilities by Q2-Q3 2015, promoting units at $249 MSRP.
The lead investor within the new spherical is Houston-based mostly JRG Capital Companions. Native press had beforehand reported the increase, however the newly dropped SEC submitting reveals it’s within the type a convertible observe and comes from thirteen buyers. The corporate had beforehand raised $629,000 from Indiegogo and one other $625,000 from different crowdfunding websites and angel buyers, Austin’s biz journal studies.
TechCrunch first got here throughout Austin-based mostly Atlas Wearables when it demoed early model onstage at our CES 2014 Hardware Battlefield occasion. There, the group confirmed off the gadget in motion, the place it was capable of differentiate between two totally different types of pushups. The know-how that makes this all potential is the mixture of a constructed-in accelerometer and software program that crunches knowledge concerning the gadget’s spatial motion.
The algorithm is adaptive and studying, which suggests over time, the system will probably be educated to determine an growing variety of workouts. Atlas is now maintaining monitor of its progress on that entrance right here, the place you possibly can see which workouts it’s capable of help now, that are near being prepared, and that are nonetheless beneath improvement. These with the inexperienced mild now embrace numerous bicep curls, burpees, totally different dumbbell curls and extensions, pull-ups, leaping jacks, leap rope, and extra.
The corporate bought out of its preliminary pre-orders of 5,000 units, and is now planing to ship this primary batch earlier than the top of the yr. To make clear cargo occasions, Atlas final month stated that those that order earlier than August 31 would get their watches by December. Those that ordered afterward, will see their orders fulfilled by spring 2015.