India-based smart ring maker Ultrahuman raised $70M, including $5M in debt, a source says at a $365M valuation, and is working with Qualcomm on a new ring (Jagmeet Singh/TechCrunch)

Ultrahuman, the India-based maker of smart health rings, secured $70 million in financing—including $5 million of debt—valuing the company at $365 million. The round will fund the development of a next-generation ring that leverages Qualcomm’s chipset technology, aiming to enhance biometric tracking and on-device AI capabilities.