1. Finnish health tech company Oura has secured $900 million in fresh funding, led by Fidelity Management & Research Company, with participation from ICONIQ and other investors. This places the company's valuation at approximately $11 billion.
2. The company plans to use this new funding for AI and production innovation, introducing new health features, improving global distribution, and expanding into health tests.
3. Oura has been experiencing significant growth, selling over 5.5 million smart rings since launch, with more than half of those sales in the past year. The company anticipates sales to cross $1 billion this year and expects its dominant position (over 80%) in the smart ring market to continue. Additionally, it's attracting a diverse customer base, with women in their early twenties emerging as a core market.
2. The company plans to use this new funding for AI and production innovation, introducing new health features, improving global distribution, and expanding into health tests.
3. Oura has been experiencing significant growth, selling over 5.5 million smart rings since launch, with more than half of those sales in the past year. The company anticipates sales to cross $1 billion this year and expects its dominant position (over 80%) in the smart ring market to continue. Additionally, it's attracting a diverse customer base, with women in their early twenties emerging as a core market.
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Summary
Finnish health tech company Oura secured $900 million in fresh funding, led by Fidelity Management & Research Company. The new funds will be used for AI and production innovation, introducing new health features, improving global distribution, and expanding into health tests. With over 5.5 million
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ID: b3316225-c573-46d2-b1ae-a57fa7876840
Category ID: listed_summary
URL: https://techcrunch.com/2025/10/14/smart-ring-maker-oura-raises-900m-from-fidelity/#summary
Date: Oct. 14, 2025
Notes: 2025-10-14
Created: 2025/10/14 20:20
Updated: 2025/12/08 00:25
Last Read: 2025/10/14 21:11