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Ultrahuman reportedly raises $70M at $365M valuation, partners with Qualcomm on new ring
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Ultrahuman, an India-based smart ring maker, has raised $70 million, including $5 million in debt, at a $365 million valuation per a source, and is working with Qualcomm on a new ring.
WHY IT MATTERS
The funding gives Ultrahuman capital to develop its next ring, and the Qualcomm partnership signals new hardware integration. Engineers building for wearables may need to account for new ring capabilities and potential chipset changes.
Written by elseif from the cluster below · every claim links back to a sourceThe three things worth knowing
01
Ultrahuman raised $70 million in a new funding round.
02
The round includes $5 million in debt and values the company at $365 million, according to a source.
03
Ultrahuman is collaborating with Qualcomm on a new ring.
THE CLUSTER
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Techmeme
India-based smart ring maker Ultrahuman raised $70M, including $5M in debt, a source says at a $365M valuation, and is working with Qualcomm on a new ring (Jagmeet Singh/TechCrunch)
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