ŌURA Raises $200M, Valuation Hits $5.2B
Krissy Vann | Host, All Things Fitness and Wellness
ŌURA has completed a $200 million Series D funding round, bringing its valuation to $5.2 billion. Fidelity Management & Research Company and Dexcom, a leader in glucose biosensing technology, participated in the investment.
The funding will support ŌURA’s efforts to expand its product offerings, enhance healthcare innovation with AI, and fuel global growth. The company also plans to explore acquisitions to accelerate its development in the wearables market.
“We’ve made significant progress in advancing our mission to make health a daily practice and will use this funding to unlock new opportunities, with AI development at the center of our strategy,” said Tom Hale, ŌURA’s CEO. “We know that ŌURA has the potential to change lives at scale, and we’re excited to continue leading the market in innovation while pursuing opportunities that extend beyond the ring.”
ŌURA has seen marked growth in the past year, with over 2.5 million rings sold and a doubling of its member base and revenue. Recent milestones include retail partnerships with Amazon and Target and collaborations with military organizations such as the Naval Health Research Center and the Defense Innovation Unit. The company has also made strategic acquisitions, including Sparta Science and Veri, and announced a metabolic-health partnership with Dexcom.
Founded in 2013, ŌURA has expanded its capabilities from tracking sleep and activity to addressing broader health needs such as heart health, stress management, and women’s health. Its latest product, the Oura Ring 4, features enhanced Smart Sensing technology for improved accuracy and personalization.
“Wearable tech is for anyone who wants to better understand the state of their health and live more optimally, for longer,” Hale added. “This new round of funding will enable us to continue our relentless pace of innovation and deliver exceptional value to Oura Members.”
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