Sat Nov 23 00:17:53 UTC 2024: ## Smart Ring Maker Oura Secures $75 Million Investment, Partners with Dexcom for Blood Sugar Monitoring
**San Francisco, CA** – Smart ring manufacturer Oura announced today a significant $75 million investment from Dexcom, a leader in continuous glucose monitoring (CGM) systems. This Series D funding round catapults Oura’s valuation to over $5 billion and signals a major step towards integrating wearable health technology.
The partnership will allow for the integration of Oura ring data with Dexcom’s CGM devices, enabling users to better understand the connection between their activity levels, sleep patterns, nutrition, and blood sugar. Oura CEO Tom Hale stated that 97% of Oura ring users expressed interest in tracking the impact of diet on their health, highlighting the demand for this type of integrated system.
The first app integration is slated for release in the first half of 2025. Dexcom’s EVP of strategy, Matt Dolan, emphasized the potential for this collaboration to redefine the health monitoring market, attracting customers seeking a holistic view of their wellbeing. Both companies plan to cross-promote their products.
This announcement comes as Oura reported strong sales figures, with 2.5 million rings sold and projected annual sales doubling to $500 million in 2024. The company is currently profitable. The partnership also arrives amidst reports of Apple’s ongoing research into non-invasive glucose monitoring technology.
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