ŌURA, the company behind the Oura Ring, announced it has raised over $900 million in new funding led by Fidelity Management & Research Company, with participation from ICONIQ, Whale Rock, and Atreides. The investment values the company at approximately $11 billion and will support the acceleration of artificial intelligence development, global expansion, and new health technologies.
The company has sold over 5.5 million devices since its 2015 debut, with more than half sold in the past year. ŌURA reported over $500 million in revenue for 2024 and expects to surpass $1 billion in 2025. Chief Executive Officer Tom Hale said, “This new funding is a testament to the strength of ŌURA’s business and the trust millions of members place in us every day.”
As part of its next growth phase, ŌURA appointed David Shuman as Chair of the Board, succeeding Eurie Kim, and plans to add Wen Hsieh of Matter Venture Partners to its board. Shuman praised the company’s growth, saying, “The company has doubled revenue, expanded its global reach, and delivered transformative solutions that are reshaping the wearables industry.” Alongside this milestone, ŌURA recently launched new products, including the Oura Ring 4 Ceramic, a charging case, and Health Panels, reinforcing its commitment to advancing preventive health through accessible, data-driven solutions.
