This doctor turned a stroke at 24 into a $75 million bet on smart rings. Read his pitch deck.
Happy Health has raised $75 million to build an AI-powered smart ring that helps doctors diagnose and monitor sleep apnea at home.
Dustin Freckleton, a doctor, turned a life-altering stroke at 24 into a $75 million opportunity with a focus on smart rings. In 2019, Happy Health, the startup he founded, raised $75 million across multiple rounds, led by ARCH Venture Partners and OpenLoop, since its inception. The company aims to build an AI-powered smart ring to assist doctors in diagnosing sleep apnea in a matter of days.
Freckleton suffered a stroke while in medical school, which left him temporarily paralyzed on one side and prompted him to seek answers. Following the diagnosis of sleep apnea and atrial fibrillation, he founded Happy Health in 2019. The startup has since manufactured, clinically validated, and received Food and Drug Administration clearance for its ring.
Happy Health's platform collects biometric data while users sleep and analyzes it using AI. Patients can meet with a doctor from the company's network to receive a diagnosis and treatment recommendations, such as CPAP machines or dental devices. Freckleton emphasized that their healthcare ecosystem sets them apart from competitors.
Unlike Oura, which merely tracks sleep, Happy Health provides a broader care solution. The system, priced at $396 out of pocket, includes the ring, one year of sleep tracking, and physician consultations, and is often covered by insurance. Freckleton plans to expand the ring's capabilities to monitor other conditions, having initially targeted sleep apnea due to its high rate of undiagnosed cases and links to chronic health issues.
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