Just days before its expected IPO, San Francisco-based Fitbit disclosed in another amended SEC filing that it will increase the price of its shares to between $17 to $19, which would see the company itself raising up to $425 million in its IPO. Its current stockholders would stand to make $230 million if it is priced at the high end of its range -- for a total IPO worth upwards of $655 million....
San Francisco-based Fitbit acquired fitness coaching app developer, FitStar, for at least $17.8 million, according to an SEC filing.
FitStar had previously raised $5 million from Advancit Capital, Google Ventures, Trinity Ventures, Floodgate, and Mesa Ventures, according to CrunchBase.
In the filing, Fitbit selected "yes", when asked "Is this offering being made in connection with a business...
Great Lakes NeuroTechnologies, which makes mobile software and wearable devices for monitoring symptoms of Parkinson's disease, has released a new clinical version of its technology that supports continuous monitoring. Kinesia 360 is still a clinician-facing tool; it doesn't appear to be the direct-to-consumer offering the company promised last April when it received a $1.5 million NIH grant.
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The Apple Watch will ship in April, according to Apple CEO Tim Cook who discussed the watch on the company's first quarter earnings call.
"Development for Apple Watch is right on schedule and we expect to begin shipping in April," Cook said. "Developers are hard at work on apps, notifications, and information summaries that we call Glances, all designed specifically for the Watch's user interface...
At the Samsung Developer's conference this week, Samsung released the reference design for its wristworn wearable, called Simband, to developers. The company first revealed plans for Simband in May at Samsung's Voice of the Body event.
Samsung has embedded several sensors into the Simband, which looks like Samsung's previously launched smartwatches, but the reference design will help developers...
Bing Health and Fitness
Microsoft is set to unveil a health-focused smartwatch within the next few weeks, which will be available in stores in time for the holiday shopping season, according to a report from Forbes. Reports of Microsoft's rumored smartwatch first surfaced in July. At the time, publication Tom's Hardware reported that the smartwatch would have 11 sensors and use chips from...
