Qualcomm Backs Ultrahuman's $70M Smart Ring Bet

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Category: AI Updates

Smart rings just got a serious chip upgrade. India-based wearable maker Ultrahuman has closed a $70 million funding round backed by Qualcomm, with the two companies now building a next-generation ring powered by Qualcomm silicon. The deal signals a major bet that wearables are shifting from simple fitness trackers into pocket-sized computers, and Ultrahuman is targeting a $200 million annual revenue run rate by January 2027, according to [TechCrunch](https://techcrunch.com/2026/09/03/qualcomm-backs-ultrahuman-in-70m-round-on-bet-to-turn-smart-rings-into-computers/).

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