CUDIS received $5 million in seed funding led by Draper Associates to use blockchain and artificial intelligence to challenge Oura Ring in the wearable device market

[PRESS RELEASE – Los Angeles, California, September 18th, 2024]

Funding will assist greater than 1 million customers develop more healthy habits by way of incentive rewards and private synthetic intelligence teaching.

CUDISthe corporate behind the primary Web3 and AI-powered well being loop, has raised $5 million in a spherical led by Draper Associates, with participation from Skybridge, Penrose, SNZ, Mozaik, NGC, Foresight Ventures, OGBC , Monke Ventures, DraperDragon, Block Patch and Trinito. Notable particular person traders embody Sean Carey (Helium & Borderless), Kalin Stoyanchev (Render Community), Andrew Chatham (Dimo), Adam Jin (Solana Basis), Kel xyz (previously Messari Analysis), Carl Vogel (sixth Man Ventures) , John Patrick Mullin (Mantra), Qinwen (Lollipop), Amy Leem (Presto).

“Our mission at CUDIS is to empower tens of millions of individuals by integrating wearable know-how, blockchain and synthetic intelligence to provide customers management over their information and enhance their well-being,” stated Edison Chen, CEO of CUDIS. “This funding is a essential step in our journey to set new requirements within the well being know-how area and compete instantly with trade leaders like Oura.”

Though shut one third of Individuals use wearable gadgets to trace well being, fewer than 25% Regardless of rising curiosity in incentives, there are nonetheless individuals in danger for heart problems who’re collaborating. Research Analysis exhibits that performance-based rewards are simpler than fastened incentives at selling long-term behavioral change.

CUDIS leverages the distinctive skill of blockchain to supply automated, clear rewards which are higher suited to cultivating wholesome habits. Gamification makes conduct change simpler by rewarding factors for constructive actions and deducting factors for unmet objectives, making a dynamic suggestions loop that encourages continued engagement. Not like Oura, which primarily tracks information, the CUDIS ring gives on the spot motivation and personalised AI teaching to ship actionable insights tailor-made to every person’s well being journey.

“CUDIS units a brand new benchmark in well being by leveraging know-how to prioritize shopper wants.” stated Timothy Draper, founding father of Draper Associates. “This revolutionary method might redefine how we have interaction in well being and wellness.”

For the reason that official launch of the ring in April 2024, CUDIS has quickly expanded, pre-selling greater than 6,000 rings in additional than 50 nations and constructing a neighborhood of fifty,000 members. The brand new funding will ship greater than 1 million rings over the following 18 months, enhance its AI teaching and gamification capabilities, and strengthen its decentralized infrastructure by way of open APIs, developer instruments, and well being innovation grants.

SkyBridge Capital founder Anthony Scaramucci added”, “CUDIS is main adjustments within the well being area, integrating blockchain and synthetic intelligence into each day life, and paving the way in which for user-driven well being innovation.

CUDIS additionally launched an expert athlete ambassador program on the 2024 Paris Olympics, which incorporates athletes corresponding to Kaitlin Knifton, Patrick Schilz, Naomi Metzger and Cam Aliabadi.

Customers can now register and obtain the CUDIS app to simply entry all biometric information tracked by the sensible ring and supply enhanced performance to assist their well being journey.

About CUDIS:

CUDIS revolutionizes wearable know-how by offering complete well being monitoring and personalised synthetic intelligence steering, permitting customers to personal and revenue from their very own well being information.

To study extra, please go to: www.cudis.xyz

Observe CUDIS X | Disharmonious | Instagram

Customers can obtain the app on the Apple Retailer, Play Retailer and Solana Cell.