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Startups & Venture·September 3, 2026·1 min read

Qualcomm backs Ultrahuman in $70M round on bet to turn smart rings into computers

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Qualcomm putting silicon behind Ultrahuman’s smart ring and a $200M ARR target by 2027 is a bet that the wrist is saturated and the finger becomes the next compute and biometrics surface. If you build consumer health or payments, start mapping flows where a ring’s continuous sensing and tap gestures beat phone and watch UX.

Startups & Venture

PitchBook: 95+ investors put money into both Anthropic and OpenAI amid shifting norms; sources: Menlo, Lightspeed, and Iconiq each hold 1%-2% Anthropic stakes

Nearly 100 investors backing both Anthropic and OpenAI shows that in frontier AI, capital is indexing the category, not picking a single champion. If you’re an enterprise buyer, don’t expect your VC cap table to give you a clean signal on which lab to standardize on — build for multi-model optionality instead.