Pebble Technology was able to collect more than $4.5 million in less than one week to fund the production of an e-paper based wristwatch.
Called Pebble, the wristwatch can run apps and wirelessly connects to an iPhone (iOS 5) or Android (2.3 and up) phone via Bluetooth. For example, apps allow a user to control music playback on a phone, use the phone as a workout tool and to receive text messages or caller information from a phone. Additional apps can be browsed via a phone screen and then directly installed on the watch. The battery of the watch lasts about seven days on a full charge, the developers said.
Pebble has turned into the most successful Kickstarter project so far, collecting more than $1 million in the first hours - on a $100,000 funding goal. To receive a Pebble watch, backers will have to donate at least $115. The company said that the watch will retail for more than $150 when it becomes commercially available in September of this year.
Before Pebble, three other projects have drawn a Kickstarter jackpot totaling more than $1 million this year. The first project to exceed a million dollars of funding was the iPhone Elevation Dock, which received $1.46 million from more than 12,500 backers in February of this year.