Ringly has raised $5.1 million in Series A funding led by Andreessen Horowitz with participation from High Line Venture Partners, Silas Capital, PCH and others. Early stage partners were also involved in the round, including First Round Capital, Mesa+, Social+Capital and Brooklyn Bridge Ventures.
The company makes a smart ring that sends notifications from a smartphone to the wearer’s finger. Right now it doesn’t support activity and sleep tracking, but the team promises to add new features in the days and weeks to come.
In the meantime, Ringly aims to be a fashionable accessory first and a smart wearable second. The rings, currently crafted with an 18k matte gold finish and precious and semi-precious stones, notify the wearer about different notifications through vibration and a subtle light integrated into the side of the jewelry. The design is made so that a only wearer notices these notifications.
Going forward, the company hopes to expand its collection, add new features and introduce partnerships with fashion brands and designers to create a wider variety of new designs.