Tech startup Muse Wearables, founded by graduates of IIT Madras and NIT Warangal, is gearing up to introduce 'Ring One,' a groundbreaking smart ring that promises to revolutionize the wearable technology landscape on a global scale.
Having commenced its journey on Indiegogo on September 26th, 'Ring One' set a remarkable record by swiftly amassing $1 million USD in funding within a mere 4 weeks. This innovative smart ring combines cutting-edge health-monitoring capabilities with seamless contactless payment functionality, effectively becoming the world's first smart ring employing NFC for both wireless charging and payments.
At an attractive initial backer price of $172 USD, Muse Wearables has adopted a "Direct to Consumer" business model that caters to nearly 30 countries.
Key Features of 'Ring One':
Advanced Health Tracking: 'Ring One' is equipped to measure six vital health parameters with clinical precision, including Heart Rate, Blood Oxygen, Temperature, Respiratory Rate, Heart Rate Variability, and Blood Pressure. Its cuff-less blood pressure measurement sets a new standard in health monitoring.
Contactless Payments: Pioneering in the smart ring industry, 'Ring One' offers NFC (Near Field Communication) payments, ensuring that transactions are as simple as a wave of the hand. Major payment networks such as Mastercard and VISA have partnered with Muse Wearables to enable global payment accessibility.
Unique Design: 'Ring One' boasts an elegant and sleek design with a user-friendly "Turn wheel" interface, allowing effortless mode switching. Constructed from Titanium grade 2 and Ceramic (Zirconia), it is lightweight, durable, and water-resistant up to 100 meters.
Battery Life: With up to seven days of battery life, 'Ring One' ensures uninterrupted health tracking and payments. The charging case extends this to a month, providing peace of mind for users.
Global Availability: 'Ring One' brings contactless payments to countries including India, USA, Canada, Europe, Australia, Singapore, and UAE, making it a genuinely global solution.
K.L.N. Sai Prasanth, Co-Founder and CEO of Conzumex Industries, the parent company of Muse Wearables, expressed, "Ring One offers a truly unique experience with its 'Turn wheel' interface and the 'Magic Glyph' interface on the charging case, setting it apart from any competing smart ring in the market."
Prathyusha K, Co-founder and Chief Operations Officer at Muse Wearables, shared, "Our observations during the COVID-19 pandemic led to invaluable insights. The most significant one was that the wrist may not be the optimal location for accurate data retrieval. We merged these findings with the lessons from our first hybrid smartwatch's payment feature, resulting in the creation of 'Ring One.' It's a fusion of our past experiences and a leap into the future."
