Photo - Facense Ltd
46180

Facense Ltd

Smartglasses that measure all vital signs continuously

Israel
Market: Medicine, Insurance, Electronics, Artificial Intelligence, Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 07.09.2020
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Idea

People need to continuously track their physiology in order to take charge of their health and keep chronic diseases in check. Following COVID-19, people are reluctant to visit doctors, but still need a solution to monitor the vital signs. Existing wearable devices are either uncomfortable or do not provide sufficient data.

Current Status

We have a beta prototype.

Market

Facense’s solution is designed to be widely accessible. The system will be of particular benefit to the elderly, patients in skilled nursing facilities or hospitals, workers in safety-sensitive occupations, and anyone who is at particular risk of experiencing detrimental health events.

Problem or Opportunity

People need to continuously track their physiology in order to take charge of their health and keep chronic diseases in check. Following COVID-19, people are reluctant to visit doctors, but still need a solution to monitor the vital signs. Existing wearable devices are either uncomfortable or do not provide sufficient data.

Solution (product or service)

Facenese is the only smartglasses that continuously collect & analyze ALL vital signs, and are able to detect coughing, sneezing, and social distancing. The data is delivered securely and privately to a mobile phone app, and from there may be (optionally) sent via secured channel to telehealth service providers.

Competitors

- Smartwatches and adhesive patches cannot measure core body temperature, coughing, and shortness of breath, and thus CANNOT detect COVID-19 symptoms!
- NO other smartglasses / AR glasses on the market have 2 temperature sensors, 4 PPG sensors, 2 microphones and IMU like Facense has. Facense smartglasses are the ONLY everyday lightweight smartglasses able to detect all vital signs.

Advantages or differentiators

Facense has both freedom to operate (validated through massive prior art searches), 30+ allowed US patents, and a wide and strong worldwide patent portfolio covering a variety of hardware and software inventions related to smartglasses for medical applications.

Finance

To be disclosed until NDA.

Business model

To be disclosed until NDA.

Money will be spent on

- Convert the beta smartglasses to a mass-production product.
- Manufacture and sell as Facense AI Smartglasses.

Team or Management

Risks

In the first stage, we rely on off-the-shelf components that are used today for smartwatches and cellphones. The main risk is the prediction accuracy of the machine learning algorithms. The more training sets we have, the higher the accuracy of our prediction should be. The second stage will be discussed under NDA.

Incubation/Acceleration programs accomplishment

Facense participates in Expara global acceleration program. https://www.virtech.expara.com/

Invention/Patent

Facense Ltd has already 32 US patents (granted)
10,667,697
10,638,938
10,551,623
10,524,696
10,524,667
10,523,852
10,376,163
10,376,153
10,349,887
10,299,717
10,216,981
10,165,949
10,159,411
10,154,810
10,151,636
10,136,856
10,136,852
10,130,308
10,130,299
10,130,261
10,113,913
10,092,232
10,085,685
10,080,861
10,076,270
10,076,250
10,064,559
10,045,737
10,045,726
10,045,699
9,968,264
9,867,546

Photos

Photo 1 - Smartglasses that measure all vital signs continuously
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video