Top crowdfunded smart rings you should know about

Crowdfunding sites have emerged as the springboard for some of the market’s most inventive smart rings. This article explores the leading crowdfunded smart rings, focusing on those that have garnered the most financial backing on such platforms.

Crowdfunding is a method of raising capital through the collective effort of a large number of individuals, typically via the internet. Platforms such as Indiegogo and Kickstarter serve as intermediaries, connecting innovators with potential backers. These platforms have various types of campaigns, such as fixed-length and open-ended, allowing creators to set their own fundraising goals and timelines. They have become essential tools for startups and individual creators to validate their product ideas, gain visibility, and secure initial funding.

Essential readingTop fitness trackers and health gadgets

Smart rings have seen a significant uptick in consumer interest over the past few years. While Oura has been a pioneer in this space the market has expanded to include more budget-friendly options. These offerings come with functionalities ranging from fitness tracking to contactless payments, making them versatile gadgets for the modern user. The big players are yet to arrive but both Samsung and Zepp Health are in the final stages of preparing their offerings.


Deciphering the chart

The crowdfunding landscape for smart rings shows a range of success stories. In fact, it has become somewhat of a tradition for new companies in this space to make a market entry via this route.

Velia Ring (previously Iris ring) leads in open-ended campaigns, currently standing at over $2.50 million USD. So that one is the overall winner, particularly when you take into account an additional $700,000 raised in its fixed-length campaign. The company is still accepting contributions so the total should increase further. Ring One, RingConn and Ultrahuman Ring Air follow. Interestingly, the first generation Oura ring only comes in sixth place.

This is the chart showing the leaders. It shows not only the market’s appetite for smart rings but also the strategic approaches taken by different companies to secure funding.

The chart was posted in a Reddit group called r/SmartRings. Check them out.

Top crowdfunded rings
Source: r/SmartRings

Top players

Velia Ring

The Velia Smart Ring is expected to make its debut in the months ahead, following some production delays. The gadget distinguishes itself from the competition by offering the capability of tracking blood pressure from the finger. To remind, there are no smart rings currently with the ability to monitor blood pressure from the finger.

Created by a Swiss-based company, this smart ring also features a slimmer design than its competitors and provides a wide array of other vital tracking functionalities, such as heart rate, heart rate variability, blood oxygen levels, and respiration.

RingOne

RingOne from Muse is another device which claims to be able to track blood ability to take blood pressure measurements. The device also has NFC payment compatibility. It works through a unique Turn Wheel interface, allowing users to switch between workout mode or payment mode with ease. This unique feature sets the ring apart from others in the market, offering both convenience and security. Backers of the smart ring should expect to get their device in the near future.

RingConn

RingConn stands out in the smart ring market for its focus on recovery statistics, offering a high degree of accuracy in metrics such as resting heart rate and heart rate variability. As noted in our hands-on review, its sleek design and hassle-free setup make it a user-friendly choice for a broad consumer base. The accompanying smartphone app, although dense with information, is lauded for the detailed insights it provides. As the company continues to refine its product, RingConn is increasingly seen as a viable alternative to established competitors like Oura, particularly given its more accessible price point and lack of monthly subscription fees.

Ultrahuman Ring Air

The Ultrahuman Ring Air is another solid offering that provides a comprehensive and educational approach to health and wellness. Its app stands out for its ability to provide actionable insights, going beyond mere data display to offer a deeper understanding of metrics like heart rate variability, resting heart rate, and sleep. Innovative features such as the circadian clock and stimulant restriction window further enrich the user experience. The device’s lightweight and comfortable design, coupled with its impressive battery life, allows for continuous wear without discomfort.

Like this article? Subscribe to our monthly newsletter and never miss out!

Ivan Jovin

Ivan has been a tech journalist for over 7 years now, covering all kinds of technology issues. He is the guy who gets to dive deep into the latest wearable tech news.

2 thoughts on “Top crowdfunded smart rings you should know about

  • Thanks for the well-written expansion on the infographic, Ivan!

    It might be good to update the infographic here on November 3rd after Ring One’s campaign has closed. The latest version is 1.6, but will become 2.0 when it closes.

    Word from Iris is that they will not start shipping until probably March 2024, so they may keep their campaign open until then. No indication on timing for iREO’s campaign yet.

    You’re more than welcome to contribute to the community any time!

    Reply
    • Thanks, will look to update in a few days. Yup – am already in the community! Its a great place to get objective info on the state of the smart ring market.

      Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.