# Cudis

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cudis

- Industry: Consumer Products
- Headquarters: Grand Cayman, Cayman Islands
- Website: www.cudis.xyz
- Total disclosed funding: $5M
- Latest round: Seed (Sep 18, 2024)
- Investors on record: 11

## About

Cudis, based in the Cayman Islands, is an innovative company specializing in smart health technologies, notably offering advanced AI wearables that enhance user wellness through personalized health tracking and insights.Cudis operates in the health tech sector, focusing on AI-driven wearables that support wellness. The company was founded by Edison Chen, who has a history of entrepreneurship in the tech industry. Cudis is headquartered in Grand Cayman, Cayman Islands. In its most recent funding round on September 18, 2024, the company raised USD 5.000 mn in SEED funding led by Draper Associates, with other significant investors participating. The funding will support initiatives to expand the market for its innovative health ring.Cudis offers the CUDIS 002, an AI smart ring designed to enhance users' wellness journeys through advanced health tracking and personalized coaching. This innovative wearable features a lightweight titanium body that is comfortable and waterproof, suitable for continuous wear, including usage underwater at depths up to 50 meters. The ring supports over 30 sports activities, allowing users to record performance metrics and receive tailored insights from an AI coach. It continuously monitors vital signs, including heart rate, blood oxygen levels, and body temperature, alongside tracking sleep patterns and stress levels. The target customer base includes athletes, fitness enthusiasts, and health-conscious individuals across major markets in North America, Europe, and Asia.Cudis generates revenue primarily through direct-to-consumer sales of the CUDIS 002, which is marketed as a unique blend of health tracking and gamified wellness rewards. Customers purchase the ring outright, supported by a points-based reward system that encourages continued use and engagement with the device. This model fosters customer loyalty and enhances the user experience by allowing individuals to redeem earned points for exclusive rewards. While specific pricing details for the CUDIS 002 have not been disclosed, the monetization strategy aligns with current trends in the wearable technology market, focusing on personalized health management solutions that cater to a diverse clientele.In September 2024, Cudis raised USD 5.000 mn in Seed funding, with plans to use this capital to expand the market reach of its smart health ring and enhance its artificial intelligence capabilities. The company aims to introduce new product iterations of the CUDIS 002 while targeting expansion into additional markets in Asia and Europe by the end of 2025.

## Funding rounds

- Seed, Sep 18, 2024, $5M — SkyBridge Capital, Foresight Ventures, Draper, NGC Ventures, SNZ Capital, Penrose, Mozaik Capital, Trinito, MonkeVentures, Draper Dragon, OGBC Group

## Investors

- SkyBridge Capital — Seed
- Foresight Ventures (https://capitalatlas.ai/funds/foresight-ventures) — Seed
- Draper (https://capitalatlas.ai/funds/draper) — Seed
- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Seed
- SNZ Capital (https://capitalatlas.ai/funds/snz-capital) — Seed
- Penrose — Seed
- Mozaik Capital — Seed
- Trinito (https://capitalatlas.ai/funds/trinito) — Seed
- MonkeVentures — Seed
- Draper Dragon (https://capitalatlas.ai/funds/draper-dragon) — Seed
- OGBC Group (https://capitalatlas.ai/funds/ogbc-group) — Seed