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Oulu-based health technology startup ŌURA has made a significant move by acquiring Proxy, a digital identity signal platform, in an all-equity deal. ŌURA ,
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Oura said the deal could provide new opportunities in payments and data security.
By acquiring Proxy's technology and smart ring patent portfolio, Oura will solidify its position in the consumer wearables market with more applications.
Oura, the company behind a smart ring that delivers sleep data, acquired Proxy, best known for its digital identity signal platform.