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Pebble discontinuing smartwatches after sale to Fitbit

Palo Alto — Pioneering smartwatch maker Pebble is no longer manufacturing or selling any of its devices after the bulk of the company was bought by Fitbit.

Palo Alto, California-based Pebble says its devices will continue to work as normal for now but might lose functionality in the future.

San Francisco-based Fitbit announced the deal to acquire Pebble on Wednesday. Terms weren't disclosed.

READ: Pay with your phone using your fingerprint ID

Pebble's first smartwatch was launched in 2012, three years before the Apple Watch.

The company had raised more than $10 million for the project through a Kickstarter campaign. It raised more than $20 million through the site for an updated version of the watch last year.

Pebble founder Eric Migicovsky calls the sale "bittersweet." He says many Pebble employees will be joining Fitbit.

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