The web3 AI wellness company CUDIS raised $5 million in funding led by Draper Associates, the early-stage venture capital firm founded by Tim Draper.
Other participants in the round were Skybridge, Penrose, SNZ, Mozaik, NGC, Foresight Ventures, OGBC, Monke Ventures, DraperDragon, Block Patch, Trinito, Render Network's Kalin, Dimo's Andrew Chatham, Solana Foundation's Adam Jin and others, according to a release shared with The Block.
CUDIS develops a wearable ring monitoring health metrics, allowing users to access their health data via the Solana blockchain and earn passive rewards from their participation. The rings also come with an AI coach that offers tailored wellness advice to users based on their biometric data.
CUDIS intends to use the funding to continue augmenting its AI coach and gamification features and bolster its decentralized infrastructure, the release continued.
"CUDIS is setting a new benchmark in wellness by leveraging technology to prioritize consumer needs,” Draper said in a statement. "This innovative approach could redefine how we engage with our health and wellness."