Smart Ring Maker Oura Files for Public Offering
· Technology · TechCrunch, Wall Street Journal
Oura, the Finnish health-tech company known for its smart rings, has filed to go public with the Securities and Exchange Commission. The company reported revenue growth from $697 million in the nine-month period ending June 30 last year to $1.2 billion in the same period this year. Oura currently claims 5 million paid members and maintains an 85% retention rate for its subscription service. The company plans to leverage its massive dataset of 42 billion hours of physiological data to further develop its AI and machine-learning capabilities.
Why it matters
Oura's move to go public highlights the growing commercial scale of the wearable health-tech sector and the increasing value of longitudinal biometric data for AI development.
Read the original report — TechCrunch
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.