New Health Metric Coming Soon for Oura Ring Members
Oura Ring continues to make a splash amongst leading fitness trackers through its innovative design as a small, sleek ring that can track a variety of health metrics from heart rate, blood oxygen, daily step count, and sleep patterns. Designed by a Finish tech company, Oura Ring is able to collect these metrics through three different sensors built into the ring. These include, infrared photoplethysmography sensors to track heart rate, negative temperature coefficient sensors to collect body temperature, and 3D sensors to measure body movement.
The ring then projects this data into the Oura app, where users can check the status of their sleep patterns, activity and general ‘readiness’ for the day. This convenient form of fitness tracker has experienced much success since its launch in 2015. Its reported revenue for the financial year of 2024 was close to $500 million, and continued growth is projected to follow.
This growth can be illustrated through the recent announcement by Oura Ring that it received a $75 million investment from glucose device maker, Dexcom. Oura Ring hopes to incorporate Dexcom’s glucose technology into the ring by implementing small biosensors that are able to track users’ blood sugar. The hope is that this new partnership will offer Oura Ring an opportunity to continue to meet the needs of its customers. Specifically, Oura Ring CEO Tom Hale noted in an interview with Forbes, that “Ninety-seven percent of Oura Members have expressed interest in understanding how the food they eat impacts their health”. Thus, incorporating biosensors can help Oura Ring respond to their consumer interests. Oura Ring is projected to integrate this technology into the ring by mid-2025.
Author: Molly Podrebarac
Image by https://unsplash.com/@jerrykavan
Image by https://unsplash.com/@jerrykavan
Expertise
Insights
-
Technology
Autolane’s Infrastructure Solutions for Autonomous Vehicles
The development of robotaxis from companies such as Waymo LLC and Zoox, Inc. has sparked broader conversations about how autonomous vehicles will integrate into everyday life. For this integration to… -
Technology
BDC Signals Greater Openness to Defence-Focused Venture Investing
The Business Development Bank of Canada (“BDC”) has indicated it may ease restrictions that have historically limited venture capital funds it backs from investing in defence-related technologies… -
Technology
Toothpod Launches an Innovative, Chewable Dental Hygiene Tablet
Toothpod, a Toronto-based startup, has launched a portable, chewable tablet that anyone can use to clean their teeth. The company was co-founded by Vishar Yaghoubian, an emerging entrepreneurial star… -
Technology
Cohere Joins Forces with Thales Canada to Advance Defence-Focused AI
Cohere Inc. (“Cohere”), a Toronto company focused on developing enterprise AI, announced its partnership with Thales Canada Inc. (“Thales”). Thales is a leader in advanced defence and digital… -
Technology
Canada’s C$358 Million Defence Supply Chain Initiative Signals a Shift Toward Strategic Resilience
The federal government’s newly announced C$358 million initiative to strengthen Canada’s defence supply chain represents a decisive step toward fortifying the country’s sovereign and military… -
Technology
NASA’s Perseverance Rover Detects Evidence of Lightning on Mars
Scientists have detected what they believe are crackles of lightning on Mars. NASA’s Perseverance rover, which landed on Mars in February 2021, carries a microphone that picked up pops of small…