[Funding] Muse Wearables, an IIT Madras incubated startup raises Rs 22 crore for development of wristband that will detect COVID symptoms

Muse Wearable is an IIT Madras incubated startup. The hybrid-watch company has recently raised ₹22 crores to develop a wristband. This wristband can detect coronavirus symptoms at an early stage.

The company has priced this wristband at Rs 3,500. Further, it will be available for consumers across 70 countries by August. This wearable tracker has sensors for skin temperature, heart rate and SpO2 or blood oxygen saturation. These sensors can continuously track these vitals remotely to enable early diagnosis of COVID-19 symptoms.

KLN Sai Prasanth, an IIT Madras alumni said:

We are targeting two lakh product sales this year. Also, we plan to achieve 10 lakh product sales by 2022 across the world. The investors believe in our innovations and believe that we can create a huge difference in the consumer tech space. And so we have been able to generate funding of Rs 22 crore.

The wristband is Bluetooth-enabled. You can connect it to your smartphone via the Muse Health App. It saved the user vitals and activity data on the phone and the remote server.

Administrative access is also provided for centralised monitoring of people living in containment zones for coronavirus symptoms. Additionally, the app can get alerts from the Aarogya Setu app and notify the users as soon as they enter a coronavirus hotspot or a containment zone.

Users can also raise an emergency alert (SoS) when faced with any difficulty, body temperature rises above the desired threshold, SpO2 levels go too low, and when they enter a containment zone.

(Edited from PTI)