Oura, the Finnish smart ring maker, is planning to go public in September with a potential valuation exceeding $16 billion, according to reports.
The health-tracking wearable company has been building toward a public listing as demand for biometric monitoring devices grows. The rumored $16 billion valuation represents significant growth for the company, which has built a substantial user base through its ring-based sleep, activity, and recovery tracking platform.
Oura has expanded beyond its core hardware with software features and partnerships, positioning itself as a data company in the competitive wellness tech space. The September timeline aligns with typical market windows for major tech IPOs, though market conditions and regulatory approval could affect the final timing.
The company competes with larger players like Apple and Garmin while targeting users seeking dedicated biometric sensors. An IPO at this valuation would validate the consumer interest in non-traditional wearables and the market's appetite for specialized health tech companies.
Bengaluru-based autonomous drone startup Airbound secured $37 million in Series A funding led by Greenoaks, bringing total capital raised to approximately $50 million in less than a year.
The founders of Danish digital bank Lunar have secured €8.2 million to launch an artificial intelligence-powered auditing startup. The new firm aims to automate manual processes that still dominate the audit industry.
India's Airbound has secured $37 million in funding to scale its lightweight drone delivery service, positioning itself as a competitor to traditional trucking logistics. The round was backed by Greenoaks, DoorDash, and investor Lachy Groom.
Optical interconnect startup Quintessent secured $40 million in Series A funding led by Cycle Capital, building on its $11.4 million seed round from 2024.