RocketBody raises $1 mln


RocketBody said Sept. 5 that it raised $1 million in funding from Gagarin Capital Partners and AltaIR Capital. RocketBody is an ECG-based personal fitness trainer for Apple Watch.

PRESS RELEASE
RocketBody announces $1 million funding round from Gagarin, AltaIR Capital

SAN FRANCISCO, SEPTEMBER, 5—RocketBody, the ECG-based personal fitness trainer for Apple Watch, today announced it has received $1 million from Gagarin Capital Partners, the specialist VC firm for AI products, and AltaIR Capital. The funding—which follows $50,000 from Quattro Capital, $150,000 from Bulba Ventures, and a successful Kickstarter campaign—puts the company’s valuation at $5 million. With the latest round, RocketBody will work to improve user retention and test monetization of its app, the new version of which was added to ProductHunt today.

An electrocardiogram, or ECG, is the most accurate body indicator. Earlier this year, an ECG function was added to the Apple Watch. By processing ECG data with machine learning, RocketBody can instantly customize workouts based on a user’s fitness condition, recovery level, and optimal load level. Such high-quality control over a user’s body condition during training was previously only possible through expensive personal trainers.

“This funding round represents a huge step in our development,” RocketBody CEO Tim Lipsky said. “We’ve been working for years now to develop the algorithms needed to make something as simple as taking an ECG generate a custom workout for users. We’ve gathered data, filed patents, developed a prototype, and more. With the support of Gagarin and AltaIR, we can build on that strong foundation to begin fine-tuning with an eye toward retention and monetization.”

RocketBody was designed by a team of experienced fitness professionals, sports medicine physicians, PhD biophysics scientists, and top-level software and hardware engineers. The team has two patents and partnered with professional speed skating athletes and the biathlon federation during development.

AltaIR Capital is a VC firm is recognized as a leading VC in early- and seed-stage Internet and mobile startups.
Meanwhile, Gagarin Capital is a VC firm that invests in AI-based products and services. The firm has a hands-on approach, while its partners have 20 years of experience in VC, PE, and M&A. For example, Gagarin helped grow and sell MSQRD to Facebook. Gagarin is known for building and supporting a strong community of AI experts and top-in-class engineers—expertise that should help RocketBody continue to hone its app.

“About 28.7 million Americans adults will use a smartwatch next year, and Apple Watch boasts of half of the smartwatch market. We couldn’t be more excited to help RocketBody’s stellar team combine the watch’s ECG functionality with machine learning to help people work out better and smarter,” Mikhail Taver, partner at Gagarin Capital, said.
“The solution is widely required and has a perfect timing. We are excited to support the project together with our partners”, added Igor Ryabenkiy, partner at AltaIR Capital.
About
RocketBody is an ECG-based personal fitness trainer for Apple Watch. The app provides high-quality control over body condition during a training session and throughout the entire day, determining your readiness for the next workout and recovery level via ECG, the most accurate body indicator. The main distinctive feature of the app is completely personalised training. Customised workouts are generated based on the physical condition of the user, taken through the ECG immediately before the workout starts. It estimates users’ fitness condition, creates smart workout plans, helps them choose the right workout load, and monitors recovery. RocketBody enables the most beneficial training and lets people enjoy the workout process and achieve their goals. RocketBody was founded by Tim Lipsky, a serial entrepreneur and professional athlete. For more information please visit https://gorocketbody. com/