OURA Secures $200 Million in Series D Funding [Yahoo! Finance]
DexCom, Inc. (DXCM)
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Source: Yahoo! Finance
SAN FRANCISCO, December 19, 2024 BUSINESS WIRE )--OURA, the company behind Oura Ring, the world's leading smart ring, today announced the completion of a $200 million Series D funding round. Fidelity Management & Research Company and Dexcom, the global leader in glucose biosensing, participated in the round. The investment raises the company's valuation to $5.2 billion. This financing reflects OURA's momentum in building and leading the smart ring category and the shared belief among its partners and investors that there are substantial growth opportunities ahead. This new capital will enable OURA to expand its product offerings, fuel further investment in product, science, and healthcare innovation, including AI, advance global expansion efforts, and explore additional acquisitions to accelerate growth. "As we continue to drive momentum and growth, we are bolstered by the additional support of these investors," said Tom Hale, OURA chief executive officer. "We've made significant
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