Oura acquires Proxy, bringing digital ID applications to biometric smart ring

Smart ring manufacturer Oura has announced the acquisition of Proxy, a digital identity signal platform, for an undisclosed amount of equity. By acquiring Proxy's identification technology and smart ring patent portfolio, Oura intends further to solidify its position in the consumer wearables market with more applications.

Proxy's digital identity signal technology is designed to replace keys, cards, and passwords for improved data privacy. The company also developed biometrically-linked technology for wearables. After the acquisition, Proxy's team will become Oura's …

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