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LabStyle Innovations Corp. is developing and commercializing patent-pending technology that is seeking to bring clinical laboratory testing capabilities to consumers through the use of smartphones. The company's initial product is Dario, a stylish, easy-to-use device and software system that will compete in the multibillion-dollar market for self-monitoring of blood glucose (SMBG). Dario is a comprehensive, patent-pending system that combines an all-in-one, smartphone-driven SMBG device with a smartphone application and internet-based data services. Dario will offer millions of diabetics an innovative new option to the more cumbersome, stand-alone SMBG test kits that are the current market standard.