ŌURA, a Oulu, Finland-based maker of the smart ring that delivers personalized health data, insights, and daily guidance, raised capital at a $2.55 billion valuation.
The backers were not disclosed.
The new funding will accelerate further investment into strategic areas of the business including research and development, personalized and guided content, and product and science innovation.
Founded in 2013, ŌURA is the company behind the Oura Ring — the smart ring that delivers personalized health data, insights, and daily guidance. The Ring, which is not a medical device and is not intended to diagnose, treat, cure, monitor, or prevent medical conditions/illnesses, tracks all stages of sleep and recovery and accounts for daily activity to provide practical steps for long-term improvement.
With the launch of the Gen3, ŌURA also introduced a monthly membership experience that enhances the depth of insights and personalization available to each member. Membership unlocks the full suite of product features, detailed daily health insights, personalized recommendations, an expanding library of guided audio meditation sessions, educational videos, and more, all within the app.
The company, which has offices in Helsinki, San Francisco, and San Diego is backed by Lifeline Ventures, Forerunner Ventures, Temasek, The Chernin Group, JAZZ Venture Partners, and MSD Capital, among others.
FinSMEs
06/04/2022