With the acquisition of Proxy, we have the most comprehensive portfolio in the smart ring space.”įor more from Tom, read his reflections on one year at ŌURA. “We are thrilled to collaborate with the innovative Proxy team to expand our addressable market, paving the way for new opportunities in areas such as payments, access, security, identity, and beyond, fueling future growth.
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This deal expands ŌURA’s leadership in health wearables and signals our ambitions to integrate digital identity technology with our existing hardware and software offerings,” said Tom Hale, ŌURA CEO. “ŌURA was founded on a culture of innovation, and has put great emphasis on building broad protection for our intellectual property. As part of the acquisition, ŌURA will bring on key full-time employees from Proxy, including its founders.
Proxy has been in stealth mode, working to advance its biometrically-linked digital technology from mobile phones to wearables. Proxy’s digital identity signal technology, stored on mobile devices, replaces the multitude of keys, cards, badges, apps, and passwords and is designed to enhance data privacy in an increasingly decentralized world. The acquisition of Proxy’s identification technology, along with its previously acquired smart ring patent portfolio, will accelerate ŌURA’s ability to innovate and expand its market-leading smart ring technology, strengthening its position as a leader in the consumer wearables market. ŌURA, the company behind the smart ring that delivers personalized health data, insights, and daily guidance, announced its acquisition of Proxy, best known for its digital identity signal platform, in an all-equity deal.
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