Cayman Islands-based health tech startup Cudis has secured $5 million in seed financing to improve AI health-centric features on its smart ring and scale its product to global markets.
Founded in 2023 by Edison Chen, the startup developed an AI-powered smart ring to offer detailed and continuous personal health monitoring. The ring offers comprehensive, personalized health insights, guidance, and secure data ownership, empowering users to monitor their well-being seamlessly.
The seed round was spearheaded by Draper Associates, with significant contributions from Skybridge, DraperDragon, Penrose, Mozaik, NGC, SNZ, Foresight Ventures, Monke Ventures and OGBC. Notable angel investors, including Adam Jin from the Solana Foundation, Carl Vogel of 6th Man Ventures, and Kalin Stoyanchev from Render Network, also joined the round.
Transforming Personal Health Monitoring with Smart Ring
Launched in April 2024, the Cudis smart ring is popularly known as the Oura Ring. It was developed by Oura Health Oy, which also provides users with health-tracking data using a combination of other features.
Additionally, the wearable features an AI health coach and a blockchain-based network, which generates passive rewards to motivate users to live healthier.
It is also linked to OpenAI’s ChatGPT and selected personal health trainers to provide users with individualized expert recommendations to guide them along their personal health journey.
