Ōura valued at over $5 billion following $75 million investment from Dexcom

Ōura, a smart ring maker, is now valued at over $5 billion after receiving a $75 million investment from Dexcom. Founded in 2013 in Finland, Ōura's rings track sleep, activity, stress, and heart health. Dexcom, known for its glucose monitoring devices, plans to integrate its data with Ōura's technology. This integration is expected to be available in the first half of 2025, allowing users to see how their glucose levels relate to their activities. Ōura has sold 2.5 million rings and anticipates doubling its annual sales to about $500 million in 2024. The companies will also promote each other's products to enhance customer experience.