What You Should Know:
– Ultrahuman, a pioneer in wearable health technology raises $35M in Series B funding led by prominent like Blume Ventures and Steadview Capital.
– Ultrahuman is set to achieve a significant milestone by the end of 2024 – surpassing $100M in annualized revenue run rate (ARR) while remaining profitable.
Building a Multi-Device Health Ecosystem
Ultrahuman: A Multi-Device Ecosystem for Holistic Health
Ultrahuman stands out as a leader in the health-tech revolution. Their product suite goes beyond just the flagship Ring Air smart ring. It encompasses a comprehensive health ecosystem, including:
- M1 Live: A continuous glucose monitoring wearable.
- Ultrahuman Home: A home health device.
- Blood Vision: A preventive blood testing product.
By seamlessly integrating data from glucose, sleep, movement, blood markers, and heart rate variability (HRV), Ultrahuman fosters a holistic approach to preventative health and personalized wellness.
Funding Fuels Growth and Innovation
The influx of capital will be strategically deployed to:
- Expand Manufacturing Capacity: Ultrahuman plans to bolster its production capabilities to meet the growing demand for their innovative wearables.
- Deepen Research and Development: Investments in R&D will fuel advancements in health tracking technology and solidify Ultrahuman’s position at the forefront of health tech innovation.
Availability
Ultrahuman products are now available in over 150 retail outlets worldwide, including prestigious locations like London’s Selfridges and Singapore’s Changi Airport
“This funding round marks a pivotal step forward in our journey to dominate the smart rings space, bringing us closer to our goal of being the market leader” remarked Mohit Kumar, co-founder of Ultrahuman.
“Our growth is a testament to the user love for our products, highlighted by industry-leading NPS and engagement metrics since the launch of our latest model, the Ring Air. Our relentless focus on improving user experience through continuous firmware and software updates is what sets us apart,” Mohit Kumar emphasized. “Shipping a new firmware version every 2 weeks and weekly app improvements reflect our commitment to excellence and our speed of execution, our biggest competitive advantage. We’ve also iterated in hardware at the speed of software by designing novel devices like Ultrahuman Home, a home health monitor.”
