Curated News
By: NewsRamp Editorial Staff
September 11, 2025
Wearable Devices Secures $4M in Direct Offering for AI Touchless Tech
TLDR
- Wearable Devices secures $4 million in funding to accelerate development of its AI-powered touchless technology, offering investors early access to disruptive extended reality input solutions.
- Wearable Devices sold 1 million shares at $4 each in a registered direct offering with concurrent warrants exercisable at $4 for five years from issuance.
- This funding advances touchless AI technology that enables more intuitive human-device interaction, making technology more accessible and inclusive for diverse users worldwide.
- Wearable Devices' Mudra Band uses AI sensors to detect subtle wrist movements, allowing touchless control of devices through innovative neural interface technology.
Impact - Why it Matters
This funding round represents a significant vote of confidence in touchless interface technology, which is becoming increasingly important as extended reality and wearable computing gain mainstream adoption. The investment enables Wearable Devices to accelerate development of their neural input technology, potentially bringing more intuitive and accessible human-computer interaction to consumers and businesses. As touchless interfaces reduce physical contact with devices, they offer improved hygiene, accessibility for users with mobility challenges, and more natural interaction patterns that could redefine how we engage with technology in both personal and professional settings.
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 the sale of 1,000,000 ordinary shares at $4.00 per share in a registered direct offering, generating expected gross proceeds of $4 million before expenses. In a concurrent private placement, the company will issue unregistered warrants to purchase up to an additional 1,000,000 ordinary shares at the same price, exercisable immediately and expiring five years from issuance, with closing anticipated on or about September 12, 2025.
The company's innovative technology portfolio includes its flagship Mudra Band for Apple Watch, which integrates AI-based neural input interface technology into a functional wristband that utilizes proprietary sensors to identify subtle finger and wrist movements, enabling touchless interaction with connected devices. Wearable Devices also markets a B2B product utilizing the same technology available to businesses on a licensing basis. The company is committed to creating disruptive, industry-leading technology that leverages AI and proprietary algorithms to set the input standard for the rapidly expanding Extended Reality landscape. For more details, investors can view the full press release through the InvestorWire platform, which provides advanced wire-grade press release syndication services as part of the Dynamic Brand Portfolio at IBN.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Wearable Devices Secures $4M in Direct Offering for AI Touchless Tech
