Pebble smartwatch says no thanks to acquisition by competition offers

By Rizza Sta. Ana

Sep 16, 2013 02:16 AM EDT

In a discussion backstage of a TechCrunch Disrupt 2013 conference in San Francisco, Pebble smartwatch founder Eric Migicovsky was confident that the company would not require any acquisition tenders by tech heavyweights like Samsung or Apple.

Migicovsky said, "In the Samsung Galaxy Gear presentation on stage, Samsung was really heavy on features for the watch but skirted how people actually use it every day. I use my watch on a daily basis, looking at upcoming weather forecast, with an app for Evernote, and an app on the phone to customize the watch with drag-and-drop functions that auto syncs to the watch."

His answer was a follow-up to an interview question onstage regarding increasing competition by tech giants Samsung and Apple. Pebble Technology specializes in a customizable e-paper smartwatch. Failing to launch enough venture capital under old name inPulse, it became the second top funded project on Kickstarter at USD10.3 million with over 68,000 investment commitments.The company has since sold over 85,000 units as of July 4.

Migicovsky cleared that Samsung, Apple, or any other company did not approach them with an offer to purchase a stake or buy them out. 

According to Techcrunch, Pebble has been working on creating an ecosystem for their smartwatch. Migicovsky hinted to Techcrunch that a new hardware would be in the works soon. "We're staying laser focused on the task of creating a platform that people can build on top of to communicate with wearables, and we won't do anything that causes a distraction from that goal," Migicovsky  said. 

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics