April 21, 2024
Finland’s Oura sues Ultrahuman over rival wearable


Oura, the Finnish health wearable startup, is suing one of its biggest rivals, claiming it copied its ring device and accessed proprietary information.

The Oulu-based company, which makes the Oura Ring health tracking device and has raised more than €140 million, has filed legal action against Indian company Ultrahuman.

In a lawsuit filed in a court in Texas in early September, Oura accuses Ultrahuman of violating its patents and accessing proprietary information through ex-Oura employees and investors to develop its competing smart ring product.

Oura, which is valued at over €2 billion, has one million users of its ring and has garnered celebrity fans.

The company has released three iterations of its smart ring to date. It tracks metrics like heart-rate variability, blood oxygen rate and sleep patterns. Unlike wearables like Fitbit wristbands, Oura markets its device as a smaller, more compact product that can do similar tasks but with a sleeker look.

Woman with ring on her finger touching her hair