4 September 2026

Oura smart ring maker files to go public at 16 billion valuation

• Oura, which makes a wearable ring that tracks health data, is seeking to raise 3 billion dollars through a public stock offering at a 16 billion dollar company valuation.
• The company's annual revenue nearly doubled to 1.2 billion dollars, with 3.6 million rings sold and 5 million people paying for subscriptions, retaining 85% of customers year-over-year.
• Oura emphasizes its collection of 42 billion hours of biometric data (measurements like heart rate and sleep) as a competitive advantage for training AI health prediction systems.

How it was covered

Prompt Engineering DailyAadit Sheth

The smart ring maker's SEC filing showed revenue nearly doubled to 1.2 billion from 697 million, with 3.6 million rings sold and 5 million paying subscribers at 85% retention. Oura is seeking 16 billion valuation and plans to raise 3 billion, emphasizing its 42 billion hours of biometric data powering AI health predictions.