Finnish health technology firm Ouraring closes €5 million in Series A funding
Finland-based health technology company Ouraring, which claims to develop the world’s first ‘wellness ring’ alongside corresponding smartphone application ŌURA, has closed a €5 million series A funding round.
ŌURA is used in over 50 countries across the world out of which about two-thirds of the users are in the US alone. Apart from the individual users, many top universities, research organisations, sleep clinics, and companies also utilise rich data provided by...
PIQ introduces AI interface for sports wearables
French sports wearables startup PIQ has unveiled GAIA, an autonomous system, and PIQ ROBOTTM, a ultra-high performance sensor, which enable athletes to identify their winning factors, highlighting the key strength they should concentrate on to succeed.
GAIA is claimed as being the first artificial intelligence system that can independently read and analyse sports movements. With the help of specific motion-capture algorithms, GAIA is capable of breaking down...
IDTechEx argues wearable tech market to exceed $30bn in 2016 and $150bn by 2026
A three year research report from IDTechEx estimates that the global wearable technology market will be worth over $30 billion in 2016. The report says that the market will grow in three stages: 9% annually to over $40 billion in 2018, but then accelerating to 23% through to over $100 billion by 2023, before slowing to 10% to reach over $150 billion by 2026.
The report details IDTechEx's coverage of the wearable technology ecosystem, which looks at the industry from many different...
TomTom launches Get Going campaign to strengthen its wearable sports brand
Picture credit: TomTom
TomTom has partnered with Amsterdam-based advertising agency Pool Worldwide to promote its new Get Going campaign, in order to further strengthen its Sports brand.
The campaign aims to span global markets with television, cinema, print, digital, and out-of-home ad placements.
TomTom has also added three new devices to its North American fitness wearables portfolio, namely TomTom Touch, TomTom Spark 3 and TomTom Adventurer. The TomTom Touch is claimed to be the first fitness tracker in...
North America and Europe expected to lead wearable tech market until 2021
A newly published report from Scalar Market Research has predicted the global wearable technology market to grow at a CAGR of 18.9% from $29.92 billion in 2016 to hit $71.23 billion by 2021.
The report is entitled ‘Wearable Technology Market by Products, Application – Global Revenue, Trends, Growth, Share, Size and Forecast to 2021’, and focuses on the entire ecosystem, from smart clothing and glasses, to augmented reality headsets, to industry verticals from fitness...
LVL breaks $1 million Kickstarter mark for 'first wearable hydration monitor'
Picture credit: BSX Technologies
BSX Technologies has announced that the Kickstarter campaign for its LVL wearable device has surpassed $1 million in funding with an original goal of $50,000, putting it in the top 0.06% of the crowd-funding site’s initiatives.
Integrated with smart sensor and patented red light technology, LVL can monitor the user’s present hydration levels and then recommends the exact volume needed to achieve optimal hydration. The device also tracks heart rate, sleep quality,...
Wearable health tech firm Mio Global secures $15 million in series B funding
Picture credit: Mio Global
Canada-based Mio Global, a company which provides wearable health technologies, has announced $15 million in funding led by Hydra Ventures with participation from private investors.
The company is seeking to impact the global health scenario with its new Personal Activity Intelligence (PAI) personal health metric and Mio SLICE wrist-based fitness tracker.
PAI uses heart rate to track the body’s response to all types of physical activity while providing actionable and...
OMsignal launches “truly feminine wearable tech” with smart sports bra
Picture credit: OMsignal
Canada-based wearable sports tech manufacturer OMsignal has announced its latest product – the OMbra.
The OMbra is a smart sports-bra that offers a digital coaching experience to women involved in sports or simply to those who work out every day. It is embedded with patent-pending sensor technologies that accurately capture the body’s deepest signals and streams the data to the user’s smartphone. The company claims that the bra combines accurate heart and breathing...
Eccrine Systems secures $5.5m in series A for sweat-sensing wearable tech
Eccrine Systems, a Cincinnati-based company dedicated to improving human health, safety, and productivity through innovation and development of advanced sweat sensing technologies has raised $5.5 million in series A funding.
The company’s technology platform addresses a wide range of monitoring applications including industrial toxicity, fitness-for-duty, stress management, treatment effectiveness and various medical conditions. The raised funds will help accelerate the...
TomTom research finds Brits desire more fitness guidance
(Image Credit: iStockPhoto/udra)
Not all of us have diet fitness-related degrees, and so unless we invest significant amounts for those which do, we simply move from machine-to-machine hoping for a beach-ready body at some point before we meet our fate.
Research from TomTom Sports has revealed that most Brits struggle when it comes to maintaining a healthy body; with 83 percent admitting they...
TomTom launches new line of fitness wearable devices
Picture credit: TomTom
TomTom has added three new devices to its North American fitness wearables portfolio: TomTom Touch, TomTom Spark 3 and TomTom Adventurer.
TomTom Touch is claimed to be the first fitness tracker in the world that can measure all-day heart rate and body composition from the wrist. It is priced at $129.99. Users can measure their body composition, which is the ratio of body fat to muscle mass, with a touch of the device's button. The device can alos track sleep and heart rate up to...
Wearable which makes fitness “easy to understand” launched on Kickstarter
Picture credit: Keenbrace
The crowdfunding website Kickstarter has seen the launch of a new funding campaign for Keenbrace, an adaptive training device for workouts that features an integrated sensor system, a real-time voice coach and other features.
The Keenbrace device is suited for users of all activity levels, providing real-time error correction. The brace-like device houses a sensor system that delivers insights on user performance. It aims to avoid injuries and muscoskeletal issues.
Ken Leung, CEO and...
Tractica cautiously optimistic in wearable cameras market forecast
Market intelligence firm Tractica has released a new market report that forecast that annual shipments of wearable cameras will rise from 7.4 million units in 2014 to 24 million by 2021, resulting in a market worth $3.4 billion. The market at present consists of cameras for sports and adventure activities, consumer applications and public safety
These cameras have a targeted niche, but sports and adventure cameras, or action cameras, remain the largest driver for adoption of the...
Amazfit launches ceramic-based wearable to combine fitness and fashion
Picture credit: Amazfit
California-based firm Amazfit has introduced its first ceramic-based wearable activity tracker, which assesses biomechanical signals and daily activities.
The device connects the user's daily activities and biomechanical signals with smart data. It tracks a user's steps, distance travelled, sleep quality and calories burned. It also receives and transmits incoming call alerts through vibration.
Amazfit is a lightweight and slim activity tracker designed like a fashion...
Nearly half of wearables in Germany remain unused, report finds
Almost half of all Germans who own a fitness wearable device have either stopped using or do not use it, according to new research.
The 2016 DKV Report, titled 'How Healthy is Germany?', indicates that nearly 50% of those who use a fitness tracker have either stopped using it, or do not use it. A total of 2,830 Germans were surveyed by GfK Nuremburg for the report.
Clemens Muth, chairman of the board of management at DKV, said that most people in Germany do not see the...
Fitbit is found not guilty after Jawbone's accusations
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Jawbone launched a case against Fitbit last year after concerns the company poached its staff and used their inside knowledge to get an edge over its rival whilst also infringing on several patents, but a judge has ruled against the accusations.
Jawbone, a company which has seemingly gone into retreat, was said to have wanted to block Fitbit from...
Sports wearables require a greater focus on improvement advice
(Image Credit: iStockPhoto/Jacob Ammentorp Lund)
When most people think of wearables, fitness trackers such as Fitbit come to mind. Whilst these devices are great for tracking your current performance to compare it to your past, they often don't offer advice on how to improve your ability in a chosen sport.
New research from Lux has signaled the need for sports wearables that go beyond...
Fossil announces launch of Q Wander and Q Marshal smartwatches
Picture credit: Fossil Group
Fossil has announced the launch of the Q Wander and Q Marshal smartwatches with pre-orders beginning August 12 and availability in stores from August 29.
Q Marshal and Q Wander are compatible with both Android smartphones and iPhones and start at $295, with integration including Google Fit, UA Record by Under Armour, UP by Jawbone, and MyFitnessPal.
“Q Wander and Q Marshal beautifully marry form and function for a stunning addition to your everyday style,” said Jill...
Fitbit reports $587m revenue in Q216, represents a 46% year on year increase
Fitbit sold 5.7 million devices in the second quarter of 2016 on a 46% year-on-year increase in revenue to $586.5 million during the period.
The US accounted for 76% of revenue on sales growth of 42% year-over-year while EMEA revenue grew 150% year-over-year while accounting for 17% of the company’s revenue during the period. APAC accounted for 2% of the company’s revenue while seeing a 54% decline in sales. Excluding the impact of the progressive shut down of retailer...