Mentioned:
Oura is one of the most dominant players in wearable technology. And now, they’re raised yet another huge round of funding.
What’s happening:
- Oura has raised $200M USD in a new Series D financing round
Why it matters:
- Oura has quickly rocketed to popularity globally with their flagship product the Oura Ring and become one of the fastest growing private wearable technology companies
- Diabetes focused healthcare giant Dexcom (NASDAQ: DXCM) also participated in Oura’s most recent funding round, alongside of Fidelity
By the numbers:
- Oura has sold 2.5M rings since inception and is currently generating roughly $500M USD in revenue annually
- Oura Rings are currently distributed in more than 40 countries globally
Going deeper:
- Oura and Dexcom are also launching a new partnership together, which is aiming to enable data sharing between the two companies and also allow Oura users to get insights into precise data on their glucose levels
