JAXJOX, the Redmond, Wash.-based fitness technology company, has raised $10 million in a new funding round to help pay for the research and development of its signature InteractiveStudio workout equipment.
The Series A round included investors Dowgate Capital Ltd. and entrepreneur Nigel Wray, and brings total funding to $17 million for the 3-year-old company.
JAXJOX is getting set to release its InteractiveStudio smart gym, a home fitness system that includes digitally adjustable weights, AI-enabled connected tech built into the equipment, and live and on-demand classes.
With connected tech built into individual pieces of free-weight equipment, such as a smart kettlebell, users don’t have to stand a certain distance from a screen to have form and motion tracked.
“By monitoring performance metrics and using AI, we can give users a more holistic view of their health and provide recommendations on improving their wellbeing,” founder
JaxJox, which makes a smart personalized home gym that uses AI to track and improve your performance and give you a wellness score, just scored itself. The Seattle-based fit tech company announced today that it has raised $10 million to bring its JaxJox “interactive fitness studio” to market.
The company also announced an exclusive retail partnership with Best Buy, and customers can get the fitness studio installed by Best Buy’s Geek Squad.
The system consists of a 43” touchscreen TV that can display fitness classes as well as data about your performance. The screen rotates both horizontally and vertically, and tilts if you’re doing floor exercises. Crucially, however, JaxJox isn’t just about cardio: the system has integrated smart dumbbells and a smart kettlebell — both configurable for different weights — that also report performance data. There’s also a “smart push-up device” and a vibrating,
SEATTLE, Oct. 13, 2020 /PRNewswire/ — JAXJOX, the global fitness technology company known for its innovative workout equipment and platform, today announced a $10M series A round of funding with investors including Dowgate Capital Ltd. and entrepreneur Nigel Wray, bringing total funding raised to date $17M. The funding assisted in the research and development of the highly anticipated JAXJOX InteractiveStudio, which will ship to customers later this year, as well as global retail expansion. The InteractiveStudio is the first fitness platform to combine connected strength-training equipment with live and on-demand content, enabling users to track their own performance in real time during classes.
“With so much activity in the connected fitness space, we’re both delighted and excited to be part of JAXJOX’s movement to bring fitness and health
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Health and fitness apps are winning the Covid-19 era, thanks to closed gyms. But a certain kind of health and fitness app is winning mobile, according to a new report from Apptopia.
“Six out of ten of the top Health & Fitness apps are apps that offer video workouts or video-guided exercises,” Apptopia says. “If non-workout apps like Calm, Headspace, and Flo were not included here, the ratio of video to non-video fitness apps would be even greater.”
Without those wellness apps, six of the top seven fitness apps include video components. Which says something about fitness in the Coronavirus era.
The top 10 health and fitness apps in the U.S. by downloads in the first half of 2020, according to Apptopia, are:
Gym Assistant has released a new SmartPhone Access system for Health and Fitness Club Operators and Members.
Alameda, California – September 15, 2020 – Gym Assistant software (developed by Bio-Logic Inc.) has released a new SmartPhone Access & Check-in system that assists Health & Fitness club operators during COVID-19.
During the current COVID-19 public health emergency environment in the United States, the handling of cards/fobs or touching keypads or biometrics can be perceived as potential health risks. To offer improvements with this Gym Assistant has released their new Gym Assistant SmartPhone Access & Check-in systems so that users can minimize physical touchpoints.
When asked about the new SmartPhone Access & Check-in systems for Health & Fitness club operators, the Company spokesperson said,
“The new Gym Assistant SmartPhone Access & Check-in systems allow gym owners to provide convenient, reliable and secure access to any user with the Gym Assistant partner SmartApp
When it comes to innovation, there are few companies that can compete with Apple (NASDAQ:AAPL). The tech giant’s ability to incorporate novel technology in its products has made the company’s stock one of the most popular investments on the market. AAPL stock currently makes up 6.7% of the S&P 500 which is a huge feat for a company of its size.
Hence, it comes as no surprise that investors weren’t too pleased when the company’s big product unveiling last week did not feature a new iPhone. The hype around 5G had many investors and buyers hoping for the release of Apple’s new iPhone that incorporates this technology. But the company known for its “one more thing” moments during product reveals, left investors yearning for more.
AAPL stock did see a decline in its share price following the event