Ultrahuman raises $70M to make smart rings computers

Ultrahuman raised $70 million—$65 million in equity and $5 million in debt—to turn its smart rings from health trackers into on-device computing platforms. TechCrunch’s funding report says Qualcomm Ventures joined the round, with software updates for existing Ring Air and Ring Pro planned by the end of September to add AI interaction and third-party features; the company reports a $140 million annual revenue run rate. Teams watching ambient AI hardware bets should file this as a distribution test: useful devices earn daily physiological data before asking users to adopt a new assistant.