Ultrahuman Raises $70M With Qualcomm at $365M to Turn Smart Rings Into AI Computers

India-based smart-ring maker Ultrahuman raised $70M ($65M equity, $5M debt) led by Qualcomm Ventures at a $365M valuation. The company reports a $140M revenue run rate today, targeting $200M by January 2027, and plans to integrate Qualcomm silicon into future rings so they act as computing devices — including on-device AI features and game-controller functionality via a September software update.