Core Insights - Oura Health Oy is raising $875 million in a Series E financing round, valuing the company at approximately $10.9 billion, which is a significant increase from its previous valuation of $5 billion in the Series D round [1] - The company has sold 5.5 million rings to date, a substantial increase from 2.5 million reported in June 2024, and is projected to generate over $1 billion in revenue this year, doubling its revenue from $500 million in 2024 [2] - The new funding will be utilized to scale production, expand internationally, and invest in product development, with recent growth driven by female consumers, retail sales, health savings account purchases, and international market expansion [3]

Oura Health Oy, the maker of the popular Oura health and fitness ring, is closing in on a roughly $11 billion valuation after selling about 3 million rings over the past year https://t.co/o40AzBIMfu ...