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Qualcomm backs Ultrahuman in $70M round on bet to turn smart rings into computers

CN
CitrixNews Staff
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Qualcomm backs Ultrahuman in $70M round on bet to turn smart rings into computers

Ultrahuman, an Indian startup best known for making smart rings, has raised $70 million in a new funding round that includes backing from Qualcomm’s venture arm, as it looks beyond sleep and health tracking to build a ring that can run software on the device and eventually power everything from AI interactions to games.

The round values Bengaluru-based Ultrahuman at $365 million, about three times its $120 million valuation in 2023, a person familiar with the matter told TechCrunch.

Originally reported by TechCrunch. Read the full story at the original source.