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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

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