April 29, 2020
Fitness and sleep-tracking smart-ring-maker Motiv has been acquired by Proxy, a company specializing in digital-identity security. The companies announced the purchase in accompanying blog posts, and did not share the terms of the deal.
Proxy CEO Denis Mars wrote that his company has hired "a majority" of Motiv's employees, and will be shifting the focus of Motiv's consumer platform away from...
March 17, 2020
Oura, maker of a health-monitoring smart ring for consumers, has raised $28 million in a new Series B funding round, CEO Harpreet Singh Rai announced today in a medium.com post.
Forerunner Ventures, Square and Google's Gradient Ventures participated in the raise. The first two groups will be rewarded with spots on Oura's board of directors, while Gradient Ventures Founder and Managing Partner...
January 2, 2020
On Apple and patents. A New York University School of Medicine cardiologist is unhappy with Apple Watch’s heart rate irregularity detection feature, which he claims in a new lawsuit infringes his own patent for atrial fibrillation detection technology. Filed in the US District Court for the Eastern District of New York on December 27, 2019, the suit describes Dr. Joseph Wiesel’s invention and his...
December 4, 2018
Oulu, Finland-based Oura Health, maker of a sleep- and activity-tracking smart ring, today announced that it has surpassed $20 million in total funding. Based on its previous announcements, this would mean that the company has raised roughly $6.5 million or more in new funding since its most recent round in July.
While the latest round was led by MSD Capital, it also featured YouTube cofounder...
November 30, 2016
Oulu, Finland-based Ouraring has raised $5.3 million (5 million euro) to support the development of its first product, a smart ring called Oura that uses heart rate, motion, and temperature sensors to track sleep. Investors weren't disclosed but the company said that 75 percent of the investment came from the United States.
“We are passionate about helping Oura users learn how their body responds...
January 22, 2015
New York City-based smart ring developer Ringly raised $5.1 million in a round led by Andreessen Horowitz with participation from High Line Venture Partners, Silas Capital, and PCH. Existing investors include First Round Capital, Mesa+, Social+Capital Partnership, and Brooklyn Bridge Ventures.
The company has created gold-plated rings that connect to the wearer's smartphone and alerts them about...