This Faceless Watch Has Raised $400,000 on IndiegogoThe Ritot team set out to raise $50,000 through crowdfunding and has earned it almost eight times over.

ByCatherine Clifford

Opinions expressed by Entrepreneur contributors are their own.

The wristwatch has been endlessly reinvented, but this new high-tech take on the accessory ditches an essential component of most watches: the face.

TheRitot watch, which looks like a fitness band, projects the time from the side of the device onto the back of your hand. To activate the time display, a wearer touches the back of the watch or shakes his or her hand. For those having trouble picturing it,take a look at the videoembedded below.

Related:From Android to Wearables to a New Auto Interface, What You Need to Know From Google's I/O Conference

Fancy a pink projection to coordinate with your new sneakers? Maybe the next day, perhaps green would better match your pants? When the watch is charging, the projection color can be changed.

San Jose, Calif.-based Ritot looked to raise $50,000 withits crowdfunding campaign on Indiegogo, but since launching on July 7, the campaign has raised almost eight times that. As of today, the Ritot campaign was a bit more than $10,000 shy of $400,000. The Indiegogo campaign ends on August 21.

Related:Apple Looking to Jump Head First Into Wearables with Multi-Sensor Smartwatch

Individuals who donate $120 to the campaign will receive one Ritot watch, which is expected to retail for $160. The watch comes in several different color and style designs.

The Ritot can be synced with your phone, too. Currently, it works with Apple and Windows platforms. A user can see text messages, Facebook messages, weather alerts, Twitter messages, emails and bevy of other smartphone notifications on the back of his or her hand.

Related:Meet Ringly, Where Wearble Tech Meets High-Fashion Bling

The Ritot team anticipates shipping projects to Indiegogo campaign contributors by the end of January into early February. That's a long time from where we are now in July. One can only wonder what Ritot's competition will be by then.

Wavy Line
Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Editor's Pick

Related Topics

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Business News

'Soul Crushing': Internet Sleuths Notice Something Is Very Off With This Condo Listing

From the grey carpets to the fluorescent lights, it's obvious that this home was not always a home.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Green Entrepreneur

Phoenix Has Hit 110 Degrees for a Month, But This One Invention Is Cooling Things Down a Tad

For the Arizona city amid a record-breaking heat wave, cool surfaces bring a modicum of relief.