Oura Acquires Gesture Recognition Startup Doublepoint To Expand Smart Ring Technology

Oura is acquiring Doublepoint, a gesture recognition startup based in Helsinki, as part of its strategy to enhance its smart ring into a more comprehensive computing platform. The deal includes Doublepoint’s AI engineering team and co-founders, although financial terms have not been disclosed. The transaction is subject to closing conditions.

Summary of transaction details:

• Deal Type: Acquisition
• Transaction Amount: Not disclosed
• Acquiring Company: Oura
• Target Company: Doublepoint
• Target Headquarters: Helsinki, Finland
• Oura CEO: Tom Hale
• Doublepoint CEO: Ohto Pentikäinen

Oura is headquartered in Oulu, Finland, and aims to leverage Doublepoint’s gesture technology to reach a broader audience. The acquisition aligns with Oura's growth strategy and reinforces its commitment to innovation in smart wearable technology. The team from Doublepoint, including its co-founders, will join Oura following the deal.