Happy Health, the company behind a smart ring that screens for sleep apnea, has raised $75 million to expand AI-powered care in the home, starting with sleep diagnostics.
The funding, announced Tuesday, will back a continuous healthcare platform built around the ring’s overnight monitoring, according to the company. Sleep apnea is the first condition in its sights, with plans to layer additional home-based care services on top of the device over time.
The startup was founded by a doctor who survived a stroke at age 24, an experience that pushed him toward building tools that catch health problems earlier and outside the clinic, according to Business Insider’s account of the raise. The ring approach aims to make screening continuous and unobtrusive rather than dependent on lab visits.
The round lands as consumer health devices with clinical-grade ambitions attract heavy investor interest, and as regulators begin clearing over-the-counter sleep apnea screening tools for the home market.
Happy Health did not disclose the round’s structure or investors in its initial announcement, which was distributed through a New York Stock Exchange content feed. The company says the new capital will fund product development, clinical work and expansion of its home-care roadmap.
