"As we continue to drive momentum and growth, we are bolstered by the additional support of these investors," says Tom Hale, Ōura chief executive officer.
"We've made significant progress in advancing our mission to make health a daily practice and will use this funding to unlock new opportunities, with AI development at the center of our strategy," adds Hale.
Oura has surpassed 2.5 million rings sold and has seen its member base and revenue more than double over the past year.
The funding will be used to expand product offerings, invest in healthcare innovation, global expansion, and explore additional acquisitions for growth.
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