Oura said Tuesday that it raised over $900 million in a new Series E funding round, bringing the company's valuation to $11 billion.

The fundraise, led by Fidelity Management & Research Company, also includes new investor ICONIQ and contributions from Whale Rock and Atreides.

"With this investment, we will accelerate innovation, expand our global reach, and set a new standard for what wearables can achieve in advancing preventive health," said CEO Tom Hale in a statement.

The Finnish company, which ranked No. 23 on CNBC'S 2025 Disruptor 50 List , has raised approximately $1.5 billion, according to a release.

Known for its Oura Rings, the company competes with other smart ring makers like Samsung and RingConn, as well as fitness-focused devices from Whoop and Garmin.

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