The two rings: Finland’s Oura sues Ultrahuman over rival wearable

Oura, the Finnish health wearable startup, is suing one of its biggest rivals, claiming it copied its ring device and accessed proprietary information. The Oulu-based company, which makes the Oura Ring health tracking device and has raised more than €140 million, has filed legal action against Indian company Ultrahuman. In a lawsuit filed in a court in Texas in early September, Oura accuses Ultrahuman of violating its patents and accessing proprietary information through ex-Oura employees and investors to develop its competing smart ring product. Oura, which is valued at over €2 billion, has one million users of its ring and…

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