# Soxai

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

- Industry: Medical Devices & Equipment
- Headquarters: Yokohama, Japan
- Website: www.soxai.co.jp/
- Total disclosed funding: $6.1M
- Latest round: Series A (Jun 21, 2024)
- Investors on record: 8

## About

Based in Yokohama, Japan, and founded in 2021, SOXAI Co., Ltd. provides a smart ring that can be worn to monitor a health condition. In September 2022, the firm raised JPY 315 million in venture funding from investors Resona Capital, SPARX Group, and Taisho Pharmaceutical. As of 2022, the company’s president is Dr. Tatsuhiko Watanabe.

The company offers a smart wearable ring with three features of sensing technology i.e., non-invasive, continuous, and non-sensing for the management of health conditions. The ring measures heart rate, heart rate variability, blood oxygen level, body surface temperature, and amount of activity. Additionally, the ring also monitors sleep state, stress level, depression level, estimated blood pressure, calories taken, steps taken, etc. Furthermore, the ring’s battery lasts for 7 consecutive days as well as the ring is compatible with a smartphone, the wearer can visualize the result analysis and get advice for health promotion via an application.

The firm generates its revenue by charging JPY 31,482 for a smart ring.

The funds raised in September 2022 may help strengthen the competitiveness of SOXAI Inc in the medical rings and devices market.

## Funding rounds

- Series A, Jun 21, 2024, $5.2M — SPARX Group, Mizuho Capital, SBI Investment, NTT DOCOMO Ventures, MIRAIDOOR, TENTIAL Inc, Hakuhodo DY Ventures
- Series A, Nov 5, 2021, $0.9M — SPARX Group, TechAccel Ventures

## Investors

- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series A
- TechAccel Ventures (https://capitalatlas.ai/funds/techaccel-ventures) — Series A
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series A
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series A
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series A
- MIRAIDOOR (https://capitalatlas.ai/funds/miraidoor) — Series A
- TENTIAL Inc — Series A
- Hakuhodo DY Ventures (https://capitalatlas.ai/funds/hakuhodo-dy-ventures) — Series A