Omate Crowdfunds Smart Watch in 1 Day

In just one day, Omate's smart watch has raised more than $100,000 on Kickstarter. Wearable technology is becoming more popular, especially in the form of watches and glasses, and the Omate TrueSmart is a prime example of that.

Omate's TrueSmart went up for funding on Wednesday, and by the following morning it had received $160,000, which surpassed its $100,000 goal. Unlike many projects that reach a crowdfunding site, Omate has already put together a working prototype of the TrueSmart, which likely increased its ability to attain backers.

A Tough Market

Throughout the past year, many wearable tech projects have tried to obtain funding either through crowdfunding sites or traditional venture capitalists. Although many of them have either failed or have resulted in sub-par devices, the Omate TrueSmart could end up being successful.

Omate is up against stiff competition from established companies such as Apple, Google, Microsoft and Samsung that are all working their way into the wearable technology market. In fact, Omate put up its project just one week before Samsung is expected to reveal its Galaxy Gear smart watch.

Larger technology companies have yet to come out with watches, but many analysts expect them to have similar features to the Omate TrueSmart. Attaining a large enough audience when going up against international powerhouses such as Samsung will be Omate's most significant challenge.

Wearable Tech 2.0

The first generation of wearable technology devices have been relatively useless to most customers, which has resulted in many of them becoming novelty products instead of mainstream devices. smart watches such as the Pebble and CooKoo have relied on phone connectivity via Bluetooth for most of their features, but the TrueSmart operates differently.

Unlike the devices currently on the market, Omate has developed the TrueSmart so that it will work as a standalone Android device that operates without connecting to a smartphone....

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