Ultrahuman, a homegrown wearables startup based in New Delhi, has announced a successful $35 million series B funding round aimed at accelerating growth and advancing research in the health monitoring sector.

Funding Round Participants

The funding round witnessed participation from prominent venture capital firms, including Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave, and Zomato founder Deepinder Goyal.

Strategic Growth Plans

Mohit Kumar, co-founder of Ultrahuman, expressed enthusiasm about the funding round, highlighting its significance in propelling the company towards its goal of becoming a market leader in the smart rings space.

Product Suite

Ultrahuman offers a diverse product suite catering to health monitoring needs, including:

• M1 Live: A continuous glucose monitoring wearable
• Ring Air: A smart ring
• Ultrahuman Home: A home health device
• Blood Vision: A preventive blood testing product

Comprehensive Health Monitoring

The company’s platform integrates various health metrics such as glucose levels, sleep patterns, movement tracking, blood markers, and heart rate variability (HRV), providing users with a holistic approach to health monitoring.

Remarkable Growth and Profitability

Ultrahuman has experienced significant growth over the past year, emerging as the second-largest player in the smart ring market while maintaining profitability. The company’s expansion efforts have led to its presence in over 150 retail outlets worldwide, including prestigious locations like London’s Selfridges on Oxford Street, Changi Airport in Singapore, and the Virgin megastore in Dubai.

Future Projections

Ultrahuman aims to surpass $100 million in annualized revenue run rate (ARR) by the end of 2024. The company’s profitability enables it to make long-term manufacturing investments, positioning it uniquely in the competitive smart rings market.

The successful funding round underscores Ultrahuman’s commitment to innovation and its vision of revolutionizing the health monitoring industry with cutting-edge wearable technology.