Oura Health

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Oura Health Oy
Company typePrivateOy
IndustryHealth technology
Consumer electronics
Founded2013; 11 years ago (2013)
FoundersPetteri Lahtela
Kari Kivelä
Markku Koskela
Area served
Key people
Eurie Kim (Chairman)
Tom Hale (CEO)
    • Wearable technology
    • Sleep monitoring
    • Software development

Oura Health Oy is a company from Finland that makes health technology. They are famous for the Oura Ring, a smart ring that people use to track their sleep and exercise. The company started in 2013 and was created by Petteri Lahtela, Kari Kivelä, and Markku Koskela. Harpreet Singh Rai was the CEO from 2018 to 2021, and then Michael Chapp was the temporary CEO.[1] In 2022, Tom Hale became the new CEO. The company's main office is in Oulu, Finland, but they also have offices in Helsinki, Finland, and San Francisco, United States.[2]

In 2015, the company got $2.3 million in seed funding, which helped them start their business. They first showed their ring on Kickstarter in 2016 and officially launched it at a technology event in 2017. In 2020, the company won two awards: 'Best Consumer Wellness Company' and one of Time magazine's "100 Best Inventions of 2020."[3] They got these awards because of their work with the NBA during the COVID-19 pandemic.[4]

In 2021, Oura Health got $100 million in Series C funding from different companies and investors. They had also received funding from other companies and people in earlier rounds.[5]

References[change | change source]

  1. "ŌURA Names Tom Hale as New Chief Executive Officer". www.businesswire.com. 2022-04-25. Retrieved 2023-04-21.
  2. Paris, Martine. "How sleep-tracking ring Oura went from a Kickstarter campaign to becoming one of Silicon Valley and the NBA bubble's favorite gadgets". Business Insider. Retrieved 2023-04-21.
  3. Product Launch: Oura - the Future of Restorative Sleep, retrieved 2023-04-21
  4. "ŌURA Secures $2.3M In Seed Funding". The Guy Corner NYC. 2015-11-12. Retrieved 2023-04-21.
  5. "Fitness ring maker Oura raises $100M". Yahoo News. Retrieved 2023-04-21.