As our phones gets smarter every month, so do our watches, and the old watch industry struggles (with a few exceptions) in the fight against all of the super smart watches hitting the market these days.
MainTool has the answer to the incumbents’ hardship, and have a solution for all watch brands which don’t yet consider themselves smart.
They have made a smart watch wristband, which fits all watches. By touching the wristbands different buttons, you can obviously communicate with your phone, but also set alarms, measure your heart rate, track your footsteps and calories burned, manage stress levels and much more.
Fresh patent from the US
Just a year ago the young company founded in 2014, filed several patent claims in the US. It came to them as a surprise when they two weeks ago got the answer that all patents was approved.
“I never thought it would go so fast”, says the co-founder and CEO of MainTool Hussain Ahamed.
MainTool shared the good news with the attendees at the Wearable Technologies Conference in Barcelona
“We are launching the first products at the Baselworld conference in mid march”, the young CEO explains.
Looking for investors
MainTool have raised around €250.000 from some prominent business angels such as the COO of Deutsche Bank Henry Richotte and other american angels, but are now looking for more funding going forward.
“We hope to raise around €1 million, either from VC’s or from potential partners”, says Ahamed.
The MainTool-team is about 16 people working full-time. It’s originally a french startup, but have main offices in both Madrid and Paris.
Soon for sale
MainTool is these days talking to some prominent names within the swiss watch industry.
“I can’t mention any names, but we have several letters of intent and good communication with several big brands”, says CEO Ahamed.
It’s a B2B product, and will be for sale by the end of the second quarter, according to the company.
Suddenly all watches have the possibility to be smart. The company also revealed plans of looking into the Medtech market with their products, and several other sectors.