While the health wearables market is on the rise, the number of players are increasing as well. From big techs to new startups, everyone is now aiming to help people live better and healthy lives. Smartwatches which were a thing out of the blue, are on the wrist of every second person you meet now. With Movano’s ambitious project, we will witness the same with smart rings.
But have you heard of Movano and its smart ring? Don’t worry! We’ve got you covered. All health tech is here to tell you everything about what is happening in the health tech space.
More about Movano
Movano is a health tech company designing smart devices to help you live a happy and healthy life. It aims at empowering you with health insights to follow a healthy lifestyle.
Currently, Movano is developing the Movano ring. It is a smart ring that can gather health insights like your heart rate, heart rate variability, respiration, sleep, temperature, blood oxygen levels, steps and calories burnt.
Future plans for the smart ring include tracking blood glucose levels and blood pressure.
Movano ring will hit the global market in the second half of 2022. Meanwhile, you can fill out the form on their website to stay updated.
What makes the Movano ring unique?
When I spoke about the Movano ring, your mind surely would have related it to the Oura ring. However, the Movano ring is different.
Designed for women, it is slim and sleek
The Movano ring is specifically designed for women. While all the wearables in the market have male-dominant features and are chunkier, the Movano ring is impressively slim and sleek. You might even mistake it as a fashion accessory based on its looks.
Gives you actionable health insights and not just data
Another thing that makes Movano ring stand out is its focus on providing actionable health insights and not just health data. It distils your metrics and develops correlations between them to help you to take a proactive approach to health. While plenty of other wearables offer health data, Movano presents them in a manner that is easy to understand.
Here are a few screenshots of how the health insights might look in the Movano app.
What is the technology behind Movano?
Movano works on radio frequency technology, AI and deep learning algorithms to provide health insights. The company is currently working on developing a smart integrated chip. Their focus is to combine Radio Frequency and mmWave capabilities in a single chip which will be used in their wearables.
Movano is dedicated to developing smart tech and algorithms that can help them provide health insights through non-invasive sensor technology.
What is Movano’s funding source?
Movano raised around $20 million through debt financing in 2020 with Tri-Valley Ventures as their lead investors. However, in 2021, Movano went public and raised $48.9 Million through its IPO. Currently, it is listed on the NASDAQ stock exchange (NASDAQ:MOVE).
A little history of Movano
Movano was founded in 2018 by Michael Leabman. The first product it put into development was a non-invasive continuous glucose monitoring device. Diabetes patients know the inconvenience and pain caused to measure blood glucose levels. Movano, with its wearable that would resemble a smartwatch, aimed to help diabetics measure glucose levels non-invasively.
While that product is still under development and clinical trials are being conducted to get FDA approval, Movano introduced its smart ring in CES 2022, intending to launch it in the second half of 2022.
About Movano Team
Michael Leabman – Founder and Director
Michael is a serial entrepreneur and has founded four radio frequency-based startups. He is now looking to bring in the knowledge of radiofrequency in the health space with Movano.
John Mastrototaro – CEO and Director
John is a veteran of the medical device industry with over thirty years of experience. He is now using his expertise to bring new and innovative products to the market.
Movano’s senior team and board members consist of people with decades of industry experience and expertise. You can know more about their senior team here.
Movano’s work on its current technology
Movano is constantly working on developing its technology and conducting clinical trials.
- Movano completed its blood pressure study with 110 participants in Jan 2022
- It completed its second glucose pilot study in Feb 2022
- Movano also strengthened its intellectual property with three new patents for its non-invasive sensor technology. Now, it has a total of six patents under its belt.
Movano’s future plans
Movano has medical ambitions, and it is quite frank about it. In the long run, Movano envisions itself as a manufacturer of Class II medical devices. It aims at adding features like cuffless blood pressure and non-invasive glucose monitoring to help people manage chronic illness.
Moving forward, Movano aims to have a medical and consumer focus instead of focusing on one or the other. “We want to have the look, feel, and affordability of a consumer device with the accuracy and reliability of a medical device,” said John, Movano’s CEO, in a statement.
Will Movano’s ambitious ring be able to stand its ground?
While its first product might not have FDA approval, Movano is working on bringing in the accuracy. Movano is putting in continual efforts to develop its technology. It has several ongoing clinical trials, has filed several patent applications, made two strategic hires and is dedicated to launching its Movano ring in H2 2022.
Seeing the efforts Movano is putting in, we can expect its product to have the quality and design it promises. However, there is a lot a company has to go through between CES and the actual product launch. And Movano’s ambition is certainly one we haven’t seen in a long time.
You can fill up the form on their website to stay updated about the Movano ring.
