We’ve seen many companies try and fail to craft the ultimate smart watch over the years, from LG to Sony Ericsson, but the only one that’s ever looked promising is Fossil’s Meta Watch platform, which connects a digital watch to your phone simply by using Bluetooth to deliver alerts to your wrist.
That’s just got a huge boost today, with news that a group of investors has bought out the Meta Watch from Fossil – including a former high-ranking Nokia exec.
GigaOm reports that a group of backers including former Nokia vice president Juha Pinomaa have bought out the Meta Watch from Fossil, and will back a team to continue work on the most promising connected Dick Tracy watch so far.
The Meta Watch will still remain a development platform, sold as a $200 unit to interested coders, but this is a promising next step. It currently works with Android phones but Bill Geiser, the Meta Watch’s new CEO, says it’s investigating support for other platforms. With notable investors behind it – and a new R&D lab in Espoo, Finland, home to Nokia’s world HQ – it could soon find favour with Nokia and other big players in smartphones.
Intrigued? Take a look at the video below to find out how it works, and why you should be excited.