Bangalore, India-based smart ring and AI health monitoring startup Ultrahuman announced it has raised $35 million in Series B funding through a mix of debt and equity, with investors including Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave, and Zomato founder Deepinder Goyal.
The company plans to use the raised funds to further expand its manufacturing capacity and conduct deeper health tracking research.
UltraHuman was founded in 2019 by Mohit Kumar and Vatsal Singhal, and offers products such as the smart ring called Ring Air, the blood glucose monitoring wearable M1 Live, and a blood testing product called Blood Vision. According to Ultrahuman, the company has become the second-largest player in the smart ring market, has expanded to more than 150 retail stores worldwide, while maintaining profitability over the past 12 months.
(Source:Entrackr）