Ultrahuman

Wearables · Healthtech · Consumer Hardware

Funding

Qualcomm backs Ultrahuman's $70M round to turn smart rings into computers

On-device chips could let wearables process health data and AI locally, cutting reliance on phones and cloud services.

• Ultrahuman raised $70M ($65M equity plus $5M debt) in a round led by Qualcomm Ventures, valuing the Bengaluru startup at $365M, roughly 3x its $120M valuation in 2023.
• Founded in 2019 by Mohit Kumar and Vatsal Singhal, Ultrahuman makes smart rings alongside a continuous glucose monitor and a blood-testing product called Blood Vision.
• Ultrahuman and Qualcomm are co-developing a new ring built on Qualcomm silicon, used alongside the startup's existing Nordic Semiconductor chips, to run more software and algorithms directly on the ring instead of a phone.
• Ultrahuman is targeting a $200 million annual revenue run rate by January 2027 and has sold close to 800,000 rings to date.
• The raise follows a 2025 US patent ruling that favored rival Oura and led to a ban on Ultrahuman importing or selling rings in the US, a market it is now re-entering with a redesigned Ring Pro launched in April 2026.
• Adding on-device compute reframes the smart ring from a passive health tracker into a standalone AI-capable device, a shift that could reshape how the whole wearables category competes on hardware, not just sensors.