Jawbone Founder Raises $65 Million for New Health Data Startup
Despite the spectacular billion-dollar failure of his previous company, Hosain Rahman successfully raises $65.4 million for Jawbone Health, a subscription service focused on preventative healthcare using continuous health data.
Entrepreneur Hosain Rahman raises $65.4 million for his new startup, Jawbone Health, despite the infamous collapse of his previous company, Jawbone. A newly processed SEC filing reveals this significant funding round, which conveniently drops while the tech world focuses on the Uber IPO. The new venture currently employs 51 people, blending former Jawbone engineers with fresh healthcare industry talent.
Jawbone Health pivots sharply away from consumer electronics like wireless speakers and fitness trackers. Instead, the company offers a personalized health subscription service that combines continuous health data with machine intelligence. Rahman states the primary goal is to prevent avoidable diseases caused by poor lifestyle choices, promising that early detection drastically reduces mortality rates and medical costs.
The company provides its own health-tracking devices to subscribers at no additional cost, but Rahman faces steep competition in the crowded wearables market. Unlike his previous success with early wireless speakers, he enters this health-focused space behind numerous established rivals that already produce advanced health-tracking rings and bracelets. Overcoming this saturated market presents a major challenge for the resurrected brand.