Metric Mate Net Worth: A virtualized personal fitness assistant is Metric Maat. Through voice help, the device encourages the user to meet their daily exercise target. It maintains contact with the user like a personal trainer and transforms standard gym equipment into intelligent equipment.
It was founded in 2017 by M-T Strickland, Braxton K. Davis, and Ecleamus Ricks, Jr. These three pals attended Morehouse College, where they earned their engineering degrees.
It is a brand-new, cutting-edge well-being and fitness services firm that aids consumers in reaching their physical training objectives through data analysis.
What Is Metric Mate?
Metric Mate employs “T.A.P. Technology” to turn training equipment into intelligent equipment. Metric Mate is an Intelligent Training Accountability Partner.
The “T.A.P. sensor” fastens to the apparatus, monitors performance in real-time, and collects pre-workout data. Through Bluetooth, the sensor sends this information to the Metric Mat app.
Metric Mat App gathers and retains data, then analyses it to provide users with virtual assistance in achieving their goals.
The application user receives specifics of their strength training workout and can post them on social media. The $199 “T.A.P. Sensor” is up for “pre-order” on the business website. The Metric Mat app may be found on the App Store.
Who Is Metric Mate’s Founder?
Three pals, M-T Strickland, Braxton K. Davis, and Ecleamus Ricks, Jr., are the creators of the Metric Maat Company. The Wellness and Fitness Services Company was founded in 2017 by these three friends.
The Co-founder and C.E.O. of the business are Strickland. After earning an electrical engineering degree from Missouri University of Science and Technology, he worked for a Top Product Supply Chains Company.
He founded Strictly Unlimited Company in 2015. He works on The Fourth Floor as a UBS Fellow.
Braxton K. Davis:
This company’s co-founder and chief strategy officer, Braxton, works there part-time. He works as Facebook’s Associate General Counsel full-time.
He has a law degree from Georgia State University. He founded the Patent Institute of Training. He has served as NCPP’s executive director for five years.
Ecleamus Ricks, Jr:
The organization’s Chief Technology Officer is Ecleamus. He attended The University of Texas at Austin to study software engineering.
How Was The Shark Tank Pitch of Metric Mate?
Strickland, Davis, and Ricks approach the Sharks for $100k in exchange for 5% stock as they enter the Shark Tank. They made product pitches for sharks. Mark Cuban employed this clever apparatus, and it’s a very fantastic product. They all have eight degrees.
Due to their limited resources, they are currently concentrating on hiring personal trainers. The cost of producing 1,000 copies of the product is $99, while its selling price is $199. Five official certificates are needed to offer this product directly to consumers.
It’s a terrific idea for a consumer product, but Mark Cuban admitted he couldn’t make money off of it. After claiming that the product needed to be streamlined, Lori Greiner was fired. It’s early, according to Barbara Corcoran, so she’s gone. Tony Xu stated he was leaving because it was premature for him.
On Shark Tank Season 7, Kevin O’Leary claims to have invested in “P.R.X. Performance.” By utilizing PRx, he plans to produce Metric and is offering $100k for a 25% stake. They stated that they prefer a 25% equity stake.
They answered with a line of credit for $100k plus $150k for 12.5% equity. Kevin stated that he was unable to complete this transaction. They countered with $200k for 20% stock plus the PRx Performance benefit. Kevin said $100,000 for 25% ownership.
How Did Metric Mate Fare After Shark Tank?
Metric Mate lost the Shark Tank contract. Kevin made a 25% share offer for this business, but the entrepreneur declined. The combined share of 25% is too much for the three partners.
On social media platforms, many users expressed both favorable and unfavorable opinions on this product; most users thought it was a terrific product.
Many people must have ordered the merchandise after this episode aired on January 13, 2022.
We will continue to monitor M-T Strickland, Braxton K. Davis, and Ecleamus Ricks, Jr. and their business for updates.
What Is Metric Mate’s Net Worth?
The current Metric Mate is thought to be worth $2 million according to this company’s financing round from 2022. Many people require this kind of product, and it is a new technology in the wellness and fitness sector.
Numerous apps available today act as the user’s trainer during workouts. However, the majority of programs give approximative reports of exercises. Think of a smartwatch. In activity mode, the watch features a sensor that tries to calculate your footfalls.
Does Metric Mate Still Operate?
Techstars and Cox Enterprises are partners with this startup that develops fitness technology. Such a corporation will need effective marketing and funding to expand.
Numerous media outlets, including Business Wire, Benzinga, News Center, and many others, have written about this fitness technology firm from Atlanta.
Three to ten individuals are employed at this company’s headquarters in Atlanta, Georgia, in the United States.