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Wearable Devices closes a $3.3 million private placement with a single institutional investor. The funds will be used for commercialization and development of its products.
Wearable Devices Ltd. has announced a securities purchase agreement for a private placement totaling $3.3 million. This will be used for the commercialization of its Mudra products and development of new product lines. The offering is expected to close on or about August 3, 2026
Company Information
Company
Wearable Devices Ltd
Location
5 HA-TNUFA ST.
Yokne'am Illit, Northern District, Israel
About
Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. The Company's innovative products enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. Wearable Devices focuses on developing personalized gesture technology for various applications, including gaming and AR/VR/XR environments. With a dual-channel business model, the Company offers both direct-to-consumer sales and enterprise licensing solutions.
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