Qualcomm IncorporatedQualcomm backs Ultrahuman's $70M round to build smart ring with its chips, expanding into wearables and potential design wins.

Qualcomm has backed health tech company Ultrahuman in a $70 million funding round to build a next-generation smart ring powered by Qualcomm chips, marking a push into advanced wearables beyond its core smartphone business. The Qualcomm-powered ring is intended to run complex software, including on-device AI features and device control functions. Qualcomm, a US-based semiconductor company with a market value of about $181.5 billion, sees this as part of its broader strategy to diversify into AI devices and edge computing. Investors should watch for Qualcomm highlighting design wins and revenue contributions from smart wearables in its segment reporting as a sign of traction.
Qualcomm IncorporatedQualcomm backs Ultrahuman's $70M round to build smart ring with its chips, expanding into wearables and potential design wins.
Ultrahuman secures $70M funding round backed by Qualcomm to develop next-gen smart ring.