Oura Raises $900M Funding at $11B Valuation for Smart Ring Expansion
Oura has raised $900 million in new funding led by Fidelity Management & Research Company, valuing the smart ring maker at approximately $11 billion. The Finnish company plans to expand AI capabilities, health features, and global distribution while dominating the smart ring market.
Finnish health technology company Oura has secured a massive $900 million funding round that doubles its valuation to approximately $11 billion, signaling strong investor confidence in the smart ring market’s growth potential. The funding was led by Fidelity Management & Research Company with participation from new investor ICONIQ and contributions from existing backers Whale Rock and Atreides Management. This substantial capital infusion comes just months after the company’s previous round in December, demonstrating rapid acceleration in both valuation and market position for the smart ring manufacturer.