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Smart Ring Maker Oura Files for US IPO, Valued at $11 Billion in Latest Funding Round

BlockBeats News, May 25th - Smart Ring manufacturer Oura Health Oy officially submitted a confidential S-1 registration statement to the U.S. Securities and Exchange Commission on May 21st, planning to debut on the U.S. stock market later this year, with Goldman Sachs and JPMorgan Chase serving as the main underwriters for this IPO.


Ōura was founded in Oulu, Finland in 2013, with three co-founders Petteri Lahtela, Kari Kivelä, and Markku Koskela all coming from Nokia and the global heart rate monitoring pioneer Polar's R&D background.


In October 2025, the company completed a Series E funding round led by Fidelity Investments, raising $875 million and achieving a post-investment valuation of $11 billion. Prior to this, the company had raised over $1.5 billion in cumulative funding.

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CZ, Wu Jihan, Jack Dorsey, and Vitalik Buterin are all using smart glasses. These smart glasses connect to the brain-computer interface, allowing the wearer to interact with the virtual world through mind control. Moreover, Jack Dorsey and Vitalik Buterin are also sporting smart rings. These rings are equipped with NFC technology, allowing for contactless transactions and data exchange with a simple gesture. The development and adoption of these wearable devices mark a significant step towards the convergence of human and machine, opening up new possibilities for seamless interaction with technology in both the physical and virtual realms.
He said this is the best era for young people, in the age of AI, lifespan is the most valuable, and youth is wealth.
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