The new company, based in Salem, NH (with software development being done in Vietnam), is also working on a health-related sensor. Vu says that Misfit is designing both hardware and software, and while he won't say exactly what the sensor will measure, he did divulge that it will be more sophisticated than a Fitbit-style exercise monitor. Vu says it's for a chronic health condition, and he expects it will have a reimbursement code so that insurers will cover its cost.
Vu says the new product will ship by the end of 2012. Misfit Wearables has so far raised $750,000 from investors including Vu; Sridhar Iyengar, his co-founder at AgaMatrix; and John Sculley, the executive who replaced Steve Jobs as Apple's leader in the 1980s.
About Scott Kirsner
Scott Kirsner was part of the team that launched Boston.com in 1995, and has been writing a column for the Globe since 2000. His work has also appeared in Wired, Fast Company, The New York Times, BusinessWeek, Newsweek, and Variety. Scott is also the author of the books "Fans, Friends & Followers" and "Inventing the Movies," was the editor of "The Convergence Guide: Life Sciences in New England," and was a contributor to "The Good City: Writers Explore 21st Century Boston." Scott also helps organize several local events on entrepreneurship, including the Nantucket Conference and Future Forward. Here's some background on how Scott decides what to cover, and how to pitch him a story idea.
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December 9: Web Innovators Group
Demos of new mobile apps and web ventures at the Royal Sonesta Hotel in Cambridge. Free admission; cash bar.
December 10: Fintech Demo Day
Short demos from startups in the financial technology realm.
December 11: Unpitch
Entrepreneurs and investors sit down for lunch, advice, and feedback. Entrepreneurs must apply to participate.