Browsing: oura

The smart ring market is getting crowded, and Oura isn’t waiting around to see what happens next: it officially filed to go public on September 3. The Finnish company’s revenue nearly doubled to $1.21 billion for the nine months ended June 30.

The filing with the Securities and Exchange Commission on Thursday shows that Oura’s revenue has jumped substantially in the past year. The company went from $697 million in revenue during the nine-month period that ended June 30 last year to $1.2 billion during the corresponding period this year.

The best smart rings are usually stuffed with health-monitoring features, such as the Oura Ring 5, while some models are specifically focused on a single dedicated task. These include blood pressure monitoring (like the Vital Signal Ring) or NFC payments, acting as a tiny digital wallet that lets you use your contactless credit cards.

Can a smart ring that measures biometric signals such as heart rate, body temperature, and breathing rate use these data points to accurately determine sleep stages? That question is at the heart of a recent lawsuit in which Oura finds itself entangled. 

Oura, the smart ring maker, with offices in San Francisco and Finland, is reportedly planning to raise up to $3 billion as soon as next month in a U.S. IPO that values the more than 900-person company at [spits out coffee] north of $16 billion The outlet adds that investors are expected to sell a…

A proposed class action lawsuit is accusing smart ring maker Oura of deceiving consumers about the accuracy of its sleep tracking features.