Fitness tracker manufacturer Whoop sprints for IPO on the US stock market with a valuation exceeding $10 billion.

Well-known screenless fitness tracker manufacturer Whoop Inc. has reached a valuation of $10.1 billion after completing its latest round of financing of $575 million. Collaborative Fund led this round of financing, with participation from Qatar Investment Authority, Mubadala Investment Company, Abbott, and GP Bullhound's investment department. The company plans to expand its workforce by up to 75% this year, adding over 600 new positions to drive business growth and prepare for a potential initial public offering (IPO). Whoop founder and CEO Will Ahmed previously stated that the involvement of important players in the medical and health field such as Abbott and Mayo Clinic is crucial. This not only strengthens the company's expertise in health monitoring and data science, but also shows that Whoop is gradually establishing a competitive advantage in the rapidly growing "Longevity Tech" sector. Will Ahmed mentioned that the new positions will cover various departments such as software development, research, design, hardware, product development, manufacturing, sales, and marketing. Most of the new employees will be based at the headquarters, with other positions scattered across North America, Europe, Asia, and countries in the Gulf Cooperation Council, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Founded in 2012 and headquartered in Boston, Whoop sets itself apart from traditional smartwatches like the Apple Watch by utilizing a screenless design that focuses more on continuous data collection and analysis of physiological data rather than notifications. Its core value lies in providing users with deeper insights into their physical state through long-term tracking of metrics such as sleep, recovery, heart rate variability (HRV), and stress.