Ultrahuman, one of the biggest competitors to Oura, just made a huge leap forward. It's opening a production facility on U.S. soil. Here's why it matters.
Ultrahuman , the maker of the Ultrahuman Ring Air, is making its way to U.S. production grounds. The company is setting up a production facility in Indiana, which will mark the first time a smart ring from Ultrahuman will be assembled from scratch on U.S. soil.
Recommended Videos Riding high on a fresh round of investment worth around $35 million, the company will certainly look to expand its market footprint beyond the 150-plus retail outlets already under its belt. With its feet firmly set in the U.S. market, Ultrahuman is set to boost its revenues by $200 million once the UltraFactory kicks into action.
But what’s truly exciting about all this are the avenues that a U.S. production root opens up. Over the past couple of years, numerous research papers have detailed how wearables like smartwatches and rings can be used for so much more than just sleep, heart, and blood tracking. A recent paper that came out earlier this month mentioned that these devices can even be used for assessing signs of something as life-threatening as multiple sclerosis.
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