Curated News
By: NewsRamp Editorial Staff
September 12, 2025
Wearable Devices Secures $4M Funding for AI Touchless Technology Expansion
TLDR
- Wearable Devices secures $4 million in funding to advance its AI-powered touchless technology, offering investors early access to disruptive extended reality input solutions.
- Wearable Devices issued 670,000 shares at $6.00 each in a registered direct offering with concurrent warrants exercisable for five years at the same price.
- This funding accelerates development of touchless AI interfaces that enhance accessibility and interaction for extended reality technologies, improving daily digital experiences.
- Wearable Devices' Mudra Band uses AI to detect subtle wrist movements, enabling touchless control of devices through innovative neural input technology.
Impact - Why it Matters
This funding round represents a significant vote of confidence in touchless interface technology, which is becoming increasingly important in our post-pandemic world where hygiene and convenience are paramount. The investment enables Wearable Devices to accelerate development of their neural input technology, potentially revolutionizing how we interact with smart devices, wearables, and extended reality systems. For consumers, this means more intuitive, hands-free control of technology, while investors gain exposure to a company positioned at the intersection of AI, wearables, and the rapidly growing metaverse ecosystem. The success of such innovative interface technologies could fundamentally change human-computer interaction across multiple industries.
Summary
Wearable Devices Ltd. (NASDAQ: WLDS, WLDSW), a technology growth company specializing in AI-powered touchless sensing wearables, has secured significant funding through a strategic capital raise. The company entered into a securities purchase agreement with a single institutional investor for 670,000 ordinary shares at $6.00 per share in a registered direct offering priced at-the-market under Nasdaq rules. This transaction is expected to generate approximately $4 million in gross proceeds before deducting placement agent commissions and expenses, with closing anticipated around September 15, 2025, subject to customary conditions.
In a concurrent private placement, the company will issue unregistered warrants to purchase up to 670,000 additional ordinary shares at the same $6.00 price point, exercisable immediately and valid for five years. Wearable Devices Ltd. is known for its innovative AI-based neural input interface technology, particularly its flagship Mudra Band for Apple Watch, which utilizes proprietary sensors to enable touchless interaction with connected devices through subtle finger and wrist movements. The company also offers a B2B licensing product based on the same technology, positioning itself at the forefront of the rapidly expanding Extended Reality landscape.
The news was distributed through the InvestorBrandNetwork, which provides advanced wire-grade press release syndication and comprehensive corporate communications solutions. The full details of this significant financial development can be accessed through the provided InvestorWire links, offering investors and stakeholders comprehensive information about this strategic capital infusion that will fuel the company's growth in the competitive wearable technology market.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Wearable Devices Secures $4M Funding for AI Touchless Technology Expansion
