March 20, 2024 - News

Ultrahuman’s Health Tracking Platform Adds $35M

Its CGM+ ecosystem is taking shape.
ULTRAHUMAN
Ultrahuman

Ultrahuman is pursuing health tracking in all its forms.

The latest: The Indian healthtech company raised $35M from Blume Ventures, Zomato founder Deepinder Goyal, and others to scale its multi-device ecosystem.

Quantified Self

Competing in the smart ring wars, Ultrahuman claims to be the second-largest player behind Oura.

But there’s more to its health tracking platform.

CGM+. Starting with CGM tech, Ultrahuman is adding new software and hardware layers.

  • 2021: The company raised $17.5M, pivoting from fitness content to glucose tracking.
  • 2022: It launched its first-gen smart ring after acquiring wearable maker LazyCo.
  • 2023: It debuted longevity-focused diagnostics service Blood Vision.
  • 2024: Ultrahuman introduced Home, a device that quantifies a healthy living environment.

While most of its revenue still comes from CGMs and subscriptions, Ultrahuman’s new efforts are stacking up — the company is on pace to surpass $100M in ARR this year.

TBD. With CGM manufacturers Dexcom and Abbott launching DTC platforms, metabolic health may see a shake-up — including Ultrahuman’s Abbott-supported program.

On another front, while Ultrahuman’s Ring AIR battles France’s Circular for the “world’s lightest” smart ring, Oura named both companies in an ITC patent infringement suit.

Punchline: Glucose or sleep, ambient temp or biological age, Ultrahuman and its investors are betting on end-to-end health tracking.

Ryan Deer
Ryan Deer
The future of health and wellness in one newsletter

Subscribe for insights on the wellness economy, gyms and studios, preventative healthcare, wearable tech, and more

No thanks.