Ultrahuman Secures $70M to Turn Its Ring into a Computer
Qualcomm's venture arm has backed a $70 million round in Ultrahuman, but it's not just for better sleep tracking. The Indian company aims to turn its smart ring into a software-driven device.
September 6, 2026 - 4:52 pm
An Ultrahuman smart ring. (Credit: Ultrahuman)
Ultrahuman has raised $70 million, aiming to transform its smart ring from a tracker into a fully functional computer.
Key Takeaways:
- Investment: $65 million in equity and $5 million in debt, led by Qualcomm (discover more) (explore this topic) Ventures, with participation from Labcorp, Alpha Wave, Blume Ventures, Nexus Venture Partners, and Alteria Capital.
- Valuation: The company is valued at $365 million, up from $250 million in 2023.
- Vision: The ring will run its own code, opening up possibilities like gaming, AI interaction, and controlling smart glasses.
- Competitive Landscape: Qualcomm's involvement follows their support for similar devices like Ring and Fitbit.
The Pitch:
Mohit Kumar, Ultrahuman's CEO, explains that current ring devices are primarily trackers. He envisions a ring that acts like a computer, with programs running locally.
Future Applications:
- Gaming: The ring could act as a game controller, responding to heart rate and body temperature in addition to movement.
- Smart Glasses: The ring could control smart glasses by gesture and monitor sleep at night.
Overcoming Obstacles:
Ultrahuman faced a patent lawsuit from Oura in 2025, which temporarily halted sales in the US. They've since launched the Ring Pro and are experiencing strong US demand.
Source: Ultrahuman raises $70m to turn its ring into a computer