SpaceX may have made headlines with its IPO prospectus, but Elon Musk’s aerospace, AI and data center company wasn’t the only notable company to file to go public this week. On Thursday, Finnish smart ring company Oura announced it had confidentially filed a Form S-1 with the U.S. Securities and Exchange Commission in preparation for an IPO.
Founded in 2015, Oura has emerged as one of the most popular wearable health trackers, setting itself apart from Fitbit, Garmin, and Apple’s watch offerings with its sleek, discreet rings.
The Oura ring tracks health metrics such as activity, sleep, and daily “readiness” and currently has customers around the world. As of its Series E last September, Oura announced it had sold 5.5 million rings to date, a significant increase from the 2.5 million it reported the year before.
In its Series E, Oura raised $875 million at a valuation of $11 billion, more than double the $5 billion it raised in its previous round in 2024.
The company recently introduced a unique AI model specifically for women’s health to cater to its growing female customer base.
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