May 1, 2012 Leave a comment
“Misfit Wearables, a wearable computing startup from the founding team of mobile health company Agamatrix and former Apple chief executive John Sculley, just raised $7.6 million in a round co-led by Founders Fund. The other notable firm in the deal isn’t disclosed, but we hear through a source that it’s Khosla Ventures.
Misfit isn’t saying too much about what it’s working on, except to say that the next generation of wearable devices shouldn’t compete with fashion, has to be ambient and has to have functions outside of sensing. It has to be the kind of thing a consumer wouldn’t need to remember to wear and ideally, it would be something that’s so critical that a person would go back home if they left it there.
“Wearables from the 1.0 era make people look like Iron Man,” said chief executive Sonny Vu.”
For more, see the original TechCrunch article from Kim-Mai Cutler here.
Sonny Vu formerly founded Agamatrix, inventor of the iBGStar glucose meter now marketed and sold by Sanofi-Aventis.