Sleep device reaches $20m in investment round

A company which has developed a device that tracks sleep activity and patterns has announced it has raised $20 million. 

Oura Health’s investment round was led by MSD Capital and backing from high profile tech bosses, sport stars and Hollywood actors.

The Oura ring tracks sleep habits through two infrared LEDs and measures blood volume pulse directly from the finger’s palmar arteries, a 3D accelerometer and gyroscope that detect the direction and intensity of your body movement; and 3 NTC temperature sensors that track temperature variation, and daily insights through a mobile app.

Petteri Lahtela, Oura Health co-founder, president and chief innovation officer said: “Our mission is to improve people’s lives through better sleep. We couldn’t have asked for a better partner than MSD Capital and Michael Dell. Their expertise will help Oura reach even more users around the world.”

Michael Dell of MSD Capital added: “I believe Oura has identified a challenge that faces us all, namely getting enough high-quality sleep. Oura’s design and technology show tremendous craftsmanship, and now more consumers around the world will be able to get their own Oura ring.”

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