Ultrahuman Bags $35 Mn Series B Round From Blume, Others

Ultrahuman, a company specialising in wearable healthtech, has secured USD 35 million in a Series B funding round. The investment comes from various firms, including Blume Ventures, Steadview Capital, Nexus Venture Partners, Alpha Wave Incubation and Zomato Founder Deepinder Goyal.

The startup intends to use the funds to boost its manufacturing capacity and conduct extensive research in the health tracking field.

Ultrahuman, based in Bengaluru and founded in 2021, produces a range of health tracking and monitoring devices, including fitness rings. Its product suite comprises Ring Air, M1 Live, Ultrahuman Home and Blood Vision. These devices integrate glucose, sleep, movement, blood markers, and heart rate variability, offering a comprehensive approach to health monitoring. The company has completed a successful clinical trial involving 105 participants to validate the ‘Metabolic Score’ generated on its platform.

Additionally, Ultrahuman has expanded to over 150 retail locations worldwide and anticipates an annual turnover of USD 200 million with the launch of its new manufacturing facility, UltraFactory. The company also projects to surpass USD 100 million in annual revenue run rate by the end of 2024.