September 18, 2024
CUDIS, a web3 AI wellness company, secured $5 million in funding, with Draper Associates, founded by Tim Draper, leading the round. Other investors included Skybridge, Penrose, SNZ, Mozaik, NGC, Foresight Ventures, OGBC, Monke Ventures, DraperDragon, Block Patch, Trinito, Render Network’s Kalin, Dimo’s Andrew Chatham, Solana Foundation’s Adam Jin, and others.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
CUDIS | $5M | September 18, 2024 | Seed Round | Draper Associates | Web3 |
CUDIS creates a wearable ring that tracks health metrics, enabling users to access their health data through the Solana blockchain and earn passive rewards. The ring also features an AI coach that provides personalized wellness advice based on biometric data. The new funding will be used to enhance the AI coach, gamification features, and decentralized infrastructure.
Tim Draper praised CUDIS for setting a new standard in wellness by leveraging technology to focus on consumer needs, suggesting that this innovative approach could transform how we interact with our health and wellness.
About CUDIS
CUDIS is a wellness company that has developed a smart ring designed to monitor health metrics. This ring allows users to access their health data via the Solana blockchain and earn rewards for their participation. It also features an AI coach that provides personalized wellness advice based on the user’s biometric data.
Website: https://www.cudis.xyz/
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About Investor
Investor: Draper Associates
Draper Associates is a venture capital firm founded by Tim Draper in 1985. It focuses on investing in early-stage startups that have the potential to transform industries. The firm has backed many successful companies, including Hotmail, Skype, Tesla, SpaceX, and Robinhood. Draper Associates is known for supporting entrepreneurs from the very beginning and helping them grow their businesses over the long term.
Location: San Mateo, California
Website: https://www.draper.vc/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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