Ultrahuman raises $70 million to turn smart rings into miniature computers

The capital injection, consisting of $65 million in equity and $5 million in debt, signals a strategic shift for the startup. By collaborating with Qualcomm to integrate specialized silicon into future iterations, Ultrahuman aims to move beyond basic heart rate and sleep metrics. Founder and CEO Mohit Kumar envisions a hardware ecosystem where rings function as game controllers, car keys, or AI interfaces, reducing dependency on external cloud processing or smartphone bridges.

Existing users will receive a preview of this capability via a software update by late September, enabling third-party developer access and new input features. Commercially, the company reports an annual revenue run rate of $140 million, having sold 800,000 units to date. Despite a patent-related hiatus in the U.S. market, demand for their redesigned Ring Pro currently outstrips supply by nearly 20 times. While the firm eyes a potential IPO around 2028, current resources are directed toward scaling production, physical retail expansion in India and the UAE, and deepening clinical research through a strategic partnership with Labcorp.