Happy Health Raises $75M for AI Sleep Apnea Ring. Read Its Pitch Deck.

At 24, Dustin Freckleton suffered a stroke throughout his first 12 months of medical faculty that left him briefly paralyzed on one facet of his physique and trying to find solutions.

Almost seven years later, he was identified with sleep apnea — a dysfunction the place airways are blocked throughout sleep, and that’s linked to elevated stroke danger. Freckleton additionally mentioned he had atrial fibrillation, an irregular heartbeat.

The well being challenges led him to discovered Joyful Well being, a startup constructing an AI-powered good ring that goals to assist physicians diagnose sleep apnea in days.

The corporate emerged from stealth on Tuesday after elevating $75 million throughout a number of rounds since 2019 from ARCH Enterprise Companions and OpenLoop. Freckleton mentioned each have continued to again Joyful Well being because it has crossed milestones resembling manufacturing, medical validation, and Meals and Drug Administration clearance for its ring.

The final tranche of funding closed in 2025. Freckleton mentioned tens of hundreds of individuals have used Joyful’s platform to this point. He declined to reveal the corporate’s valuation or income.

Joyful Well being says it builds greater than a wise ring

Joyful’s ring collects biometric information whereas customers sleep and analyzes it with AI. It additionally gives a broader care platform. After testing, sufferers can meet with a health care provider within the firm’s doctor community, who can diagnose them and prescribe remedies like CPAP machines or dental gadgets.

Freckleton mentioned this healthcare ecosystem distinguishes it from rivals. “If you wish to observe your dangerous sleep, go to Oura,” he mentioned. “If you wish to repair your dangerous sleep, come to Joyful.”

Sufferers can buy the system on-line or be referred by a health care provider. It prices $396 out of pocket — together with the ring, one 12 months of sleep monitoring, and doctor consultations — and it’s typically lined by insurance coverage, Freckleton mentioned.

Freckleton envisions the ring monitoring different circumstances down the road. He mentioned the corporate launched with sleep apnea as a result of it typically goes undiagnosed and is linked to persistent circumstances like coronary heart illness and diabetes.

Here is a have a look at the pitch deck that helped Joyful Well being increase $75 million. The deck has been redacted in order that it may be shared publicly.