HYGEAR

Company Overview

Snapshot

Founded in June 2016 by Guy Bar and Dan Strik, HYGEAR operates with 11–50 employees. The company has secured funding across two rounds from PipelBiz and Kickstarter. In August 2021, HYGEAR launched Hyrope, a smart jump rope that pairs with an app to track user workouts, expanding its smart fitness product line.

Business overview

HYGEAR designs, develops, and markets smart workout gear that leverages artificial intelligence to provide personalized training based on user performance and results. The company's workout gear integrates with AI software platforms to create a personalized data ecosystem. HYGEAR builds its solutions from product design to development to marketing, focusing on personalization, measurability, and AI coaching tailored to each user's specific results. It operates within the Health Tech & Life Sciences sector, specifically in Digital Healthcare and Digital Therapeutics, targeting consumers and athletes in the fitness and sports markets.

Strategic signal

In August 2021, HYGEAR introduced Hyrope, a smart jump rope designed to pair with an app for workout tracking. This launch signifies HYGEAR's continued innovation in the smart fitness market, demonstrating its commitment to expanding its product ecosystem with AI-powered, data-driven solutions. For investors, this indicates a strategic focus on diversifying its offerings and capturing a broader segment of the connected fitness market, reinforcing its position as a provider of personalized and measurable workout experiences.

Company Intelligence Q&A

When was HYGEAR founded and by whom?

HYGEAR was founded in June 2016 by Guy Bar and Dan Strik.

What is HYGEAR's primary focus in the fitness market?

HYGEAR focuses on designing, developing, and marketing smart workout gear that utilizes artificial intelligence to provide personalized training based on user performance and results.

What significant product did HYGEAR launch in August 2021?

In August 2021, HYGEAR launched Hyrope, a smart jump rope that pairs with an app to track user workouts.

What type of funding has HYGEAR received?

HYGEAR has secured funding through crowdfunding rounds, with investments from PipelBiz in April 2017 and Kickstarter in May 2018.

What is the core technology behind HYGEAR's products?

HYGEAR's core technology integrates AI software platforms with its workout gear to create a personalized data ecosystem, emphasizing personalization, measurability, and AI coaching.