Ultrahuman Raises $70M, Looks Beyond Wearables as Smart Ring Race Heats Up

The India-based company still makes smart rings, but it’s thinking bigger, too, looking to create a broader health intelligence platform

Ultrahuman has raised $70 million in fresh funding, it announced, as the health tech company looks to evolve beyond its smart ring roots and build a broader platform for understanding the human body.

The funding, which is majority equity financing, includes participation from Qualcomm Ventures, Labcorp, Alpha Wave, Blume, Nexus and Alteria, among other investors.

Ultrahuman didn’t disclose a valuation, but news outlets in India have reported that the round values the company at around $360 million.

The company says it will use the capital to accelerate R&D across sensing, artificial intelligence, miniaturized electronics and health algorithms, while investing further in clinical science and expanding its Blood Vision and metabolic health offerings.

At the center of the strategy remains the Ultrahuman Ring, but founder and CEO Mohit Kumar is positioning the company’s future around something considerably bigger: a “human-computer interface” capable of continuously understanding signals spanning sleep, cardiovascular health, metabolism, hormonal rhythms, blood biomarkers, recovery and a person’s environment.

“For the longest time, computers have understood almost everything about the world except the person using them,” Kumar said. “We want to change that.”

Ultrahuman’s growing ecosystem includes its Ring Pro, Blood Vision blood-testing platform, M1/M2 continuous glucose monitoring, Ultrahuman Home environmental sensor and Jade, an AI system designed to bring those different health signals together.

Going Beyond the Smart Ring

The funding comes as Ultrahuman continues to add capabilities that push its platform deeper into health.

“What began with a smart ring,” the company said, “is becoming a much broader mission: a computing platform that understands the human.”

Its PowerPlugs offer specialized features spanning areas such as cardiovascular and reproductive health, circadian alignment, respiratory health and metabolic health, while UltraSignal allows new algorithms and health experiences to be built using wearable sensor data.

Ultrahuman has also been investing in research. Earlier this year, it launched Pulsomics, an opt-in platform that allows Ring users to participate in large-scale studies using longitudinal, real-world data. Initial research areas include individual sleep needs, VO2 max and glucose metabolism.

“The future of AI is personal, ambient, and always on,” said Quinn Li, senior vice president at Qualcomm Technologies and global head of Qualcomm Ventures. “Ultrahuman is pioneering a new generation of personal AI devices that make personalized insights effortless.”

Battle for the Smart Ring Market

The raise gives Ultrahuman more firepower at an important moment for the rapidly expanding smart ring category.

Category leader Oura, valued at $11 billion following an $875 million funding round last year, is reportedly seeking to raise as much as $3 billion in a U.S. IPO that could value the company at more than $16 billion. Oura expects to generate $1.5 billion in revenue this year and had sold 5.5 million rings as of September 2025.

Ultrahuman, meanwhile, returned to the U.S. smart ring market earlier this year following the resolution of a patent dispute with Oura that had resulted in an International Trade Commission import ban.

Its Ring Pro marked the company’s renewed U.S. push, with Ultrahuman seeking to differentiate itself partly through its business model: core health insights don’t require a mandatory subscription, while optional PowerPlugs provide additional specialized capabilities.

Hussain Ahamed, a global strategy advisor for Ultrahuman who served as a key interface with Qualcomm and Labcorp, noted the importance of major U.S. companies leading the company’s latest funding round.

“We’re proud to have two American giants bring a whole new level of deep insights and technology stack to the world’s most advanced health-tracking ecosystem, Ahamed told Athletech News.