About Hug Innovations
Hug Innovations is a company based in Cupertino (United States) founded in 2014 was acquired by Titan Company in December 2019. Hug Innovations has raised $5 million across 1 funding round from investors including Titan Company, NRI Startup India and Kishore Ganji. Hug Innovations operates in a competitive market with competitors including Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others.
- Headquarter Cupertino, United States
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Sectors
HealthcareTechnology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Hug Innovations Llp
- Date of Incorporation 15 Jul, 2015
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$5 M (USD)
in 1 rounds
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Latest Funding Round
$5 M (USD), Series A
Jun 26, 2017
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Investors
Titan Company
& 4 more
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Employee Count
Not available
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Acquired by
Titan Company
(Dec 01, 2019)
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Funding Insights of Hug Innovations
Hug Innovations has successfully raised a total of $5M through 1 strategic funding round. The most recent funding activity was a Series A round of $5 million completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Hug Innovations
Hug Innovations has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Titan Company, NRI Startup India and Kishore Ganji.
| Investor | Description | Founded Year | Domain | Location |
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Potato farming, grain marketing, and equipment services in Maine.
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Locked | Locked | Locked | |
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KG
Kishore Ganji |
Angel investor, entrepreneur, focused on tech startups, based in India and US.
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Locked | Locked | Locked |
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VV
Venkat Vallabhaneni |
Angel investor and entrepreneur, founder of Zaggle, fintech innovator
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Locked | Locked | Locked |
Investor details for Hug Innovations
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Hug Innovations
Investment portfolio details for Hug Innovations
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Financial Statements - Hug Innovations
Detailed financials for Hug Innovations
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- Profit trends
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Hug Innovations Comparisons
Peer comparison for Hug Innovations
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- Named peers
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Competitors of Hug Innovations
Hug Innovations operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Withings, Fitbit, Whoop, iHealth Labs and Garmin International, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Connected devices for health, sleep, and activity monitoring are developed.
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Smartwatches and fitness trackers are provided for activity monitoring.
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Provider of a smart wearable device for physical activities monitoring
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Personal healthcare devices for vital monitoring are designed and produced.
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Smart fitness trackers and watches are developed for performance monitoring.
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Wearable devices such as smartwatches and fitness trackers are provided.
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Detailed competitors of Hug Innovations
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Verified entity values are shown only after access is granted.
Latest news on Hug Innovations
Complete news archive for Hug Innovations
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Frequently Asked Questions about Hug Innovations
Hug Innovations was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Hug Innovations is headquartered in Cupertino, United States. It is registered at Cupertino, California, United States.
Hug Innovations is a funded company, having raised a total of $5M across 1 funding round to date.
Provider of gesture control enabled smartwatch. It offers hug smartwatch, which is gesture enabled smartwatch with different gestures meaning different actions. The watch to receive calls, messages, navigation, controlling music players, interacting with smart devices using gestures. Other offerings include bands like My Buddy child location tracking, HUG Elan multisport fitness tracker, and HUG Fit personal fitness tracker. It also provides its solutions in the field of smart hospitals, manufacturing, utilities, theme parks, hospitality management, agriculture, and transport and logistics. Its Gesture enabled IoT platform will provide SDK for developer languages like Java, .NET, iOS, and Android by enabling developers to build applications.
Hug Innovations has 5 investors. Key investors include Titan Company, NRI Startup India, Kishore Ganji, Venkat Vallabhaneni, and Rajeev Menon.