News Summary

Finnish health tech company Oura has raised $900 million in fresh funding, led by Fidelity Management & Research Company, with participation from ICONIQ, Whale Rock, and Atreides. This new funding values Oura at approximately $11 billion, more than doubling its valuation from the previous round. The capital will be used to advance AI and production innovation, introduce new health features, and enhance global distribution. Oura, known for its smart rings, has sold over 5.5 million units since launch, with business growth accelerating significantly over the past year. The company aims to continue this trend, expecting sales to exceed $1 billion, with a strong focus on expanding its customer demographics. Oura recently introduced ceramic versions of its Oura Ring 4 and a new charging dock, and has launched a Health Panels feature allowing users to book blood tests through its app. This move positions Oura alongside competitors like Whoop in the health tech space.