News Summary

• Finnish health tech company Oura has raised $900 million in fresh funding.
• The company said today that this funding will value it at “approximately $11 billion,” more than double the valuation it received for its last round in December.
• Oura plans to use the new funding for AI and production innovation, introducing new health features, and improving its global distribution.
• According to a report from IDC published last year, Oura holds more than 80% of the smart ring market.