Ultrahuman, an Indian startup known for its smart rings, has secured a $70 million funding round that values the company at $365 million, a threefold increase from its $120 million valuation in 2023. The round was led by Qualcomm Ventures, with participation from Labcorp, Alpha Wave, Blume Ventures, Nexus Venture Partners, and Alteria Capital, comprising $65 million in primary equity and $5 million in debt [^1^].

The startup is developing a new ring in collaboration with Qualcomm that will incorporate the chipmaker’s silicon, alongside existing chips from Nordic Semiconductor. This enhanced computing power aims to enable more software and algorithms to run directly on the ring, reducing dependency on a phone or cloud services. Ultrahuman’s CEO, Mohit Kumar, envisions transforming the ring from a mere health and sleep tracker into a computer-like device capable of running user-developed programs and supporting diverse use cases such as AI interactions, gaming, and serving as a car key or input device [^2^].

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