What a year for Slat — the tech giant that built a new business model for people who want to live longer
Recode is reporting that the Slat treadmill company, which was acquired by Google in 2015, has doubled its revenue to $4.7 billion in its last quarter.
The company’s CEO, Mike Daley, told Recode that the company’s success stems from three key factors: “a) We’re still very focused on the core of what people want to do; b) our platform allows us to accelerate that with deep integration of new technologies; and c) our customer-facing team has been able to build a much deeper understanding of what works, what doesn’t, and how we can make it better.”
The company has been working on Slat for more than a year, but Daley said that Slat is the most successful platform ever built.
“Slat has really driven the growth of this company,” Daley told Recomb.
“And I think we’re on the cusp of delivering another incredible platform that will revolutionize how we live longer.”
A lot of companies have been building their own products, but Slat has always been unique in that it’s the first platform to offer a complete fitness and lifestyle suite, plus health tracking and fitness analytics, a virtual personal trainer, a built-in gym, a fitness coach, and much more.
In the last quarter, Slat’s revenue grew 27 percent, while the company reported a $3.5 billion profit.