Check out the 15-slide pitch deck former Bose engineers and the founders of STAT Health used to raise $5 million for a tiny in-ear wearable to prevent fainting
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- STAT Health sells an in-ear wearable that patients can use 24/7 to track blood flow.
- The wearable is designed to help those with Chronic Fatigue Syndrome, Long COVID-19, and POTS.
- The startup just raised $5.1 million from backers like J2 Ventures and BonAngels Venture Partners.
Daniel Lee knows a thing or two about in-ear wearables. Lee sold his smart earplug startup to audio giant Bose in 2017. While at Bose, Lee invented the company’s in-ear noise masking ear buds, Sleepbuds. So when Lee’s elderly father began having repeated fainting sessions, Lee turned to in-ear technology to help solve the problem.
His brainchild is STAT Health, an 24/7 in-ear wearable that measures blood flow to the head to better understand symptoms such as dizziness, brain fog, headaches, fainting, and fatigue that occur while standing. The startup, which Lee cofounded with fellow former Bose engineer Paul Jin, has emerged from stealth with $5.1 million in seed funding from J2 Ventures, BonAngels Venture Partners and other angel investors.
Lee explains that many people with illnesses like long COVID, postural orthostatic tachycardia syndrome or POTS, and chronic fatigue symptoms suffer from fainting and dizziness caused by reduced blood flow to the brain upon standing. These syndromes affect more than 13 million Americans, he added.
STAT’s wearable wants to give patients more data around when these episodes take place and how to understand and potentially mitigate dizziness and fainting. The wearable itself is tiny, and even smaller than some in-canal hearing aids. The earpiece, which sits at the top of the ear, includes an accelerometer, a pressure sensor, temperature sensors, AI edge computing, multi-day battery life, and a micro solar panel.
STAT is also designed to be worn 24/7 and can be left in while sleeping and showering. And because it can charge using solar while in-ear, some may never have to take it out to charge.
Similar to many wearables, STAT collects data from its sensor and patients can see data like changes in their their blood flow to their heads, as well as blood pressure in a mobile app. The app then gives patients an “Up Score” to track time spent upright, and a “Flow Score” to help users pace their recovery by watching for blood flow abnormalities. The eventual goal is for the health company to provide personalized coaching to users to help train their bodies to be upright for longer and more frequently.
The wearable was clinically tested at Johns Hopkins University and was shown to predict fainting in users minutes before it happens.
Lee says that the startup is still determining finalized pricing for the wearable and mobile app, but the wearable and subscription service will cost $50 per month, with the price decreasing over time for long-term customers.
“We are really trying to help you understand your body to live better with these diseases,” Lee said.