Oura received an investment from glucometer developer Dexcom at a $5 billion valuation
- The creator of smart rings Oura received $75 mln investment
- The investor is medical device maker Dexcom
- The deal will help the companies share data and more
- Finnish Oura's valuation for the deal will be around $5+ billion
- Two years ago, the startup was valued at $2.6 billion
- The companies want to make it easier for their products to interact
- Dexcom's glucose level data will become part of Oura
- Dexcom had earlier received US regulatory approval for Stelo
- It's about a $99 continuous tracker that doesn't require a prescription
- One in 5 Oura users have used such trackers
- Oura's revenues could be as high as $500 million by the end of 2024
- Oura has sold 2.5+ million smart rings to date
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