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Saturday, Dec 3, 2022
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.

Technology

Happy Health launches the Happy Ring

Texas technology company announces US$60M in funding and waitlist for new wearable smart product

Happy Health launches the Happy Ring
Photo via Happy Health

A new device intended to improve sleep and accurately measure an individual’s stress levels and mood 24/7 will soon be making its way onto fingers in the U.S.

On Wednesday, Happy Health announced the launch of its Happy Ring — an innovative new device that will be exclusively available in the United States. The company also shared that it had received US$60 million in funding for the debut of the new product from ARCH Venture Partners, an investor with offices in the U.S. and Dublin, Ireland.

Happy Health is a relatively new company created in 2019 and co-founded by Sean Rad, Founder of the Tinder dating app. Other company founders include Paul Berns and Robert Nelsen, two Managing Directors of ARCH Venture Partners.

Photo via Happy Health – Company Logo

Read more: Sleep tech market to be ‘dominated’ by North American companies: DelveInsight report

Read more: Better sleep quality calls for better data: Yam and Goettling

The company says that the new happy ring will work by measuring your stress, mood and sleep in real-time while providing the user with sensor-driven insights to help live a healthier life.

(Here is one company whose wearable actually alters your stress, mood, and sleep. Click to read more.)

The company claims that Happy Ring’s “breakthrough technology” utilizes custom-designed biometric sensors and proprietary adaptive artificial intelligence (AI) that has never been used in other products in order to detect brain signals from the peripheral nervous system and convert them into real-time objective measurements of an individual’s state of mind.

“We’re all experiencing more stress than ever before, yet we lack the tools to better understand and improve how we feel. And while there are many wearables that help you on your fitness journey, they widely ignore the mind and its effect on your overall well-being,” said Paul Berns, Co-Founder and Chairman of Happy Health.

“The ability to measure and understand our emotional state will help us identify the habits that result in better health,” added Berns.

The new ring will also integrate the Happy iOS smartphone application and claims to have some impressive new features.

Photo via Happy Health

Happy Health says that the Happy Ring is the product of decades of neurocognitive and psycho-affective research conducted by engineers, clinical psychologists and neuroscientists. The company claims that the ring also has best-in-class sleep tracking accuracy.

The new product is said to be made from medical-grade materials with a ceramic exterior as hard as a diamond. The ring is also water and impact resistant and can run off of one charge for up to three days.

Ownership of the Happy Ring will require a subscription and it will initially be exclusively available in the U.S. It is currently uncertain when it will become available elsewhere. There is also a waiting list for those wanting to be the first to receive the new gadget and when the first rings will be released is yet to be announced.

“We all use our camera phones to record the important moments in our lives. Now, with the Happy Ring and the companion app, your phone can also show you what’s happening inside of you, and the impact of each one of life’s moments,” said Dr. Dustin Freckleton, CEO of Happy Health.

 

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