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Ultrahuman has raised $70 million in fresh funding, led by Qualcomm Ventures, as the Bengaluru startup looks to grow beyond wearable health tech and build a much bigger business around data from the human body.
The company will use the capital to develop new products and strengthen its capabilities across AI, sensors, miniaturised electronics, health algorithms and clinical research.
The bigger ambition: the company doesn't just want to make better smart rings. It wants to evolve from a wearable health company into a human-computer interface company, where data generated by the human body becomes a new way of understanding, and eventually interacting with technology.
Its ecosystem already includes the Ultrahuman Ring, blood tests, continuous glucose monitors, home sensors and Jade AI, collecting data on everything from sleep and metabolism to heart health and the surrounding environment.
The company is also expanding its health features, with tools for AFib detection, ovulation tracking and cardiovascular fitness, while using its user base for opt-in research programmes focused on areas such as sleep, VO₂ Max and glucose metabolism.
Larger vision: this larger vision is being backed by a rapidly growing business. Ultrahuman reported ₹565 crore in revenue and ₹73 crore in profit in FY25, and is targeting around ₹1,000 crore in revenue in FY26 as it expands internationally.
The latest funding round comprises $65 million in equity and $5 million in debt. Ultrahuman is also working with Qualcomm on a new smart ring powered by the chipmaker's technology, which could allow more software and health analysis to run directly on the device instead of relying heavily on a phone or the cloud.
The next phase: Ultrahuman is now betting heavily on the US, India and the UAE.
In the US, demand for its redesigned Ring Pro is currently 18–20 times higher than available supply. The company expects to return to its earlier sales volumes as soon as next quarter and aims to triple those volumes over the following four quarters as it ramps up production.
It is also investing in physical stores, brand-building, clinical research and new products to deepen its presence in key markets. That aggressive expansion, however, comes at a cost: Ultrahuman may not remain profitable this year as it spends more heavily on growth.
The company's next big push is to move deeper into health and diagnostics.
Ultrahuman is exploring ways to work with Labcorp to combine the blood-flow signals captured by its ring with blood-test data. The idea is to potentially identify health risks related to cardiovascular health, fertility and ageing.
In other words, Ultrahuman is trying to move beyond simply telling users what happened to their body and towards helping them understand what those signals could mean for their health over time.
Larger market: Ultrahuman is making this push as India's smart wearable market enters a rapid growth phase. Valued at $2.94 billion in 2025, the market is projected to reach $10.26 billion by 2031.
The growth is being driven by a more health-conscious consumer base, falling device prices aided by local manufacturing, and the growing integration of wearables into healthcare and payment systems.
Mordor Intelligence
