Ultahuman is a health tech startup offering wearable devices and health tracking services. The firm announced its plan to secure 120 million USD from WestBridge Capital in its new funding round. The round is expected to have participation from its existing and new investors. The company plans to use these fresh proceeds to scale its operations, expand its network, enhance its technology, and develop a market presence. 

The firm will use some of this investment to introduce new offerings. The company offers innovative solutions and services for health tracking and monitoring. The startup provides various health-related products like home health devices called Ultrahuman Home and smart rings called Ring Air. Ultrahuman manufactures, designs, and sells devices focused on metabolic health. 

The startup aims to provide top healthcare solutions to its customers by emphasizing tracking metrics related to sleep, metabolism, and overall health. The firm also offers an online metabolic fitness platform to help users enhance diet and exercise using performance coaches and glucose biomarkers. Ultrahuman wants to revolutionize healthcare management through innovative devices that track various health metrics such as heart rate variability.

The Bengaluru-based startup provides real-time diet and fitness tracking solutions to maintain a healthy body. The company has raised around $60 million across multiple funding rounds, including 10 million USD secured in its conventional debt round from Blume Ventures, Steadview, and other investors. The development came just after the company secured 35 million USD in its series B funding round. The investment shows the investor’s trust in Ultrahuman’s market potential and business model. 

The wearable tech manufacturing firm reported an increase in its operating scale to $74.5 million in CY24. The company posted a profit before tax of 11 percent and EBITDA of 8 percent in the same period. The health tech firm is expected to have a post-money valuation of 125 million USD. The new investment will enable the company to strengthen its technology. The startup faces competition from other health tech companies, including Masimo, Gabit, and Fourth Frontier. 

Conclusion:

Ultrahuman is a health-tech startup offering wearable health tracking devices that plans to raise 120 million USD in its new funding round. West Bridge Capital is expected to lead this round with the participation of other investors. The startup plans to use this fresh capital to scale its operations, introduce new devices, and expand its network. Private equity funds might also participate at a valuation of $550-$600 million. 

The development came after the firm secured a $35 million investment in its series B round. The company aims to revolutionize the health tech sector through its innovative devices. The startup focuses on manufacturing services to track and monitor metabolic health. The firm recently launched its luxury rare smart ring collection. Ultrahuman competes with other wearable tech offering firms like Masimo.