ŌURA, the San Francisco, CA-based company behind Oura Ring, a smart ring, raised $200M in Series D funding.
Backers included Fidelity Management & Research Company and Dexcom. The investment raised the company’s valuation to $5.2 billion.
The company intends to use the funds to expand its product offerings, further invest in product, science, and healthcare innovation, including AI, advance global expansion efforts, and explore additional acquisitions to accelerate growth.
Led by CEO Tom Hale, ŌURA delivers personalized health data, insights, and daily guidance with smart ring Oura Ring, which makes wellness and recovery a daily practice through sleep, activity, readiness, stress, resilience, women’s health, and heart health.
The company recently surpassed 2.5 million rings sold. This year, ŌURA expanded its retail presence globally with new retail partnerships such as Amazon and Target and grew its commercial business with expanded military partnerships, including the Naval Health Research Center (NHRC), the Air Force, and the Defense Innovation Unit. Further, ŌURA recently announced the acquisitions of Sparta Science and Veri, a partnership with Medicare Advantage provider Essence Healthcare, and a strategic metabolic-health partnership with Dexcom.
The company has offices in Oulu, Helsinki, San Francisco, and San Diego.
FinSMEs
19/12/2024