GoKawiil
Tech News
Amazon is currently selling the Oura Ring 4 for $319.99, down 20% from its $399 list price, matching the lowest price seen since Prime Day. The smart ring tracks sleep, recovery, readiness, heart rate, temperature and stress, and offers roughly 5 to 8 days of battery life depending on size and settings.
Oura's upcoming IPO will offer 50 million shares priced between $40 and $44, but nearly two-thirds of those shares are being sold by existing shareholders rather than the company itself. Forerunner Ventures, an early backer since 2020, stands to collect roughly $1.2 billion by selling its entire stake, accounting for about 80% of shares sold by insiders. Oura itself expects to net around $532.6 million, most of which will go toward covering tax obligations tied to vesting employee shares.
A longtime Oura Ring wearer has stopped using smart rings after about a year, citing fit issues caused by weight loss and temperature swings, the need to remove the ring for weightlifting, and damage from frequent hand washing. The user says two devices broke over the period, partly due to inconsistent removal for water exposure and physical activity.
A Brazilian ANATEL certification filing lists 10 unannounced Garmin products with nearly identical model numbers, differing mainly by a single letter prefix. This pattern mirrors a similar Indonesian filing last month for a 'CIRQA Smart Ring' that was later removed from public view. The number and structure of variants suggest Garmin is preparing multiple sizes of a wearable device rather than a smartwatch.
Smart ring maker Oura has filed publicly with the SEC to go public, revealing revenue jumped from $697 million to $1.2 billion in the nine months ending June 30 compared to a year earlier. The company reports selling 3.6 million rings over the past year and now has roughly 5 million paid subscribers, with an 85% annual membership retention rate.
Smart-ring maker Oura revealed financial details as part of its move toward going public, showing it has become profitable. The company reported 74% revenue growth for the nine months ending in June compared with the prior year.
Circular unveiled its Series 3 smart ring at IFA, adding NFC payments compatible with Visa and MasterCard alongside a returning vibration motor for silent alerts. The lineup splits into the fully-featured Ring 3 Pro, with ECG and haptics, and the slimmer, lighter Ring 3 Slim that drops those features. Battery life nearly doubles to 12 days, and both models ship with a 700mAh charging case.
A class action lawsuit filed against Oura alleges the company misled consumers about how accurately its smart ring detects sleep stages, arguing it lacks sensors for brain waves, eye movement and other neurological signals needed to truly measure sleep. Plaintiff Madison Surber says she paid roughly $503 for the ring believing its tracking claims, and cites a Nature study suggesting the device's sleep-stage detection performs little better than random guessing.
A class action lawsuit filed against Oura claims the company misled consumers about the accuracy of its smart ring's sleep-stage tracking. The suit argues Oura lacks sensors for brain waves, eye movement, and muscle activity needed to properly detect sleep stages, and instead relies on AI guesswork from heart rate, temperature, and breathing data. The named plaintiff, who paid $503 for the ring, says she was overcharged for a device that doesn't deliver the accuracy Oura advertises.
Smart ring maker Oura is said to be planning a U.S. IPO as soon as next month, aiming to raise up to $3 billion at a valuation exceeding $16 billion, according to Bloomberg. That figure would nearly double the $10.9 billion valuation the company received in its September Series E round, with existing investors expected to sell a significant portion of shares in the offering.