Wearable Devices

What Wearable Devices does

Wearable Devices Ltd. (Nasdaq: WLDS/WLDSW) is an Israeli-domiciled, Nasdaq-listed developer of non-invasive neural input wristbands founded in 2014 by three Intel Haifa alumni and headquartered in Yokneam Illit, Israel, with U.S. operations in San Mateo, California. The company builds surface-electromyography (sEMG) wearables — the Mudra Band for Apple Watch/iOS, the cross-platform Mudra Link for Android/macOS/Windows, and the next-generation enterprise Mudra Pro integrating EMG, PPG, and IMU sensors — that translate wrist neuromuscular signals into digital commands via adaptive AI algorithms and the proprietary Large MUAP Model (LMM) and Brain-AI Bus architecture. Its product surface extends to the Mudra Dev-Kit Program (SDKs/APIs), Mudra Studio (a generative-AI developer platform unveiled at AWE 2026), and ai6 Labs, a closed-loop neural-AI ecosystem launched in February 2026 with three pillars: foundational neural research, revenue/ecosystem growth, and an AI accelerator targeting agentic workflows, edge AI, and humanoid robotics.

The company operates a dual-channel business model: direct-to-consumer sales of Mudra Band and Mudra Link through its own website and regional distributors (Sky Commerce exclusive in South Korea, Media Exceed non-exclusive in Japan), alongside enterprise licensing, OEM embedded integration (Mudra Pro pre-orders, Dev-Kit Program), and co-development deals with AR/AI-glasses manufacturers (Rokid, Meta-Bounds, RayNeo/Xiaomi) and defense/medical partners (X-trodes for tactical environments, Soroka University Medical Center for neurorehabilitation). FY2025 revenue was $647,000 (up 23.9% year over year), almost entirely from consumer hardware; the strategic focus through 2026 is shifting revenue mix toward enterprise/OEM licensing, SDK distribution, and platform-level monetization of the LMM data asset, supported by an expanded AI advisory board.

Capital structure reflects early-stage scale dynamics: cumulative post-IPO equity raises of roughly $20–24 million across 2024–2026 (public offerings, warrant inducements, registered direct offerings, and a $10 million SEPA with Yorkville Advisors), plus a non-dilutive $750,000 Israel Innovation Authority grant. The company received a Nasdaq notice of non-compliance with the minimum stockholders' equity requirement in 2025/2026 and executed a 1-for-3 reverse stock split in June 2026 to maintain listing, indicating significant cash burn relative to current revenue ($647K FY2025 against ongoing multi-million-dollar operating losses).

Name

Wearable Devices

Legal name

Wearable Devices Ltd.

Website

https://wearabledevices.co.il

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1–10 employees

Short description

Wearable Devices Ltd. (Nasdaq: WLDS) is an Israeli company that builds non-invasive neural-input wristbands (Mudra Band, Mudra Link, Mudra Pro) using surface EMG sensors and a proprietary Large MUAP Model, serving consumers, AR/AI-glasses OEMs, defense integrators, and developers via hardware sales, enterprise licensing, and its ai6 Labs AI ecosystem.

Ownership category

akta.pro rank

Product category

Neural Input Wearables

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451), Industrial Design Services (54142), Industrial Design Services (541420)

SIC

Electromedical & Electrotherapeutic Apparatus (3845), Computer Peripheral Equipment, Nec (3577)

akta.pro primary industry

Wearable Computers (Industrial Smart Glasses/Wrist/Arm-Mount) (HDACALAH)

akta.pro secondary industries

Rugged Handhelds & Mobile Computers (HDACALAB), Rugged Tablets (Industrial/Field) (HDACAMAD), On-Device Inference Runtimes & SDKs (mobile/embedded) (HDAAAJAB), Neurological Monitoring (EEG, Seizure/Sleep/Neuro Wearables) (HLAHACAE)

Keywords

• Neural input wearables
• Gesture control wristbands
• Surface electromyography devices
• Human machine interface
• AI gesture recognition

Headquarters

HQ city

Yoqne`am `illit

HQ country

Israel

HQ region

Middle East

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations

Revenue model

1. Consumer Hardware Sales: Direct-to-consumer sales of Mudra Band (for Apple Watch) and Mudra Link (multi-OS) neural wristbands. H1 2025 revenue of $294,000; full year 2025 revenue of $647,000 (23.9% YoY growth), driven by 28.5% rise in combined Mudra Link and Mudra Band product sales.
2. Enterprise Licensing and Collaborations: Enterprise licensing model providing advanced neural input solutions to AR/VR/XR OEMs, smart glasses manufacturers, and developers. Includes Mudra Pro pre-orders for OEMs and developers, dual-channel business model alongside consumer sales.
3. Mudra Dev-Kit Program: Enterprise-grade solution for rapid prototyping and deployment of neural control, including hardware bands, SDKs, APIs, and real-time signal tools with personal on-site guidance, targeting companies and developers integrating Mudra into their own products.
4. Regional Distribution Partnerships: Distribution through regional channel partners such as Sky Commerce (exclusive, South Korea) and Media Exceed (non-exclusive, Japan), with annual minimum purchase targets and KC certification requirements.

Pricing tiers

Go-to-market motion5 records

Core offering

Wearable Devices develops and sells AI-powered neural input wristbands (Mudra Band for Apple Watch/iOS, Mudra Link for cross-platform, and Mudra Pro enterprise hardware) that use non-invasive surface electromyography (sEMG) to translate subtle wrist and finger muscle activity into digital commands. The company also offers the Mudra Dev-Kit Program with SDKs and APIs, the ai6 Labs neural AI ecosystem, the Large MUAP Model foundation model, and Mudra Studio, a generative-AI developer platform, targeting both consumer end-users and OEM/enterprise integrators.

Product overview

Wearable Devices offers a platform-plus-modules architecture centered on its AI-powered neural input technology for non-invasive, touchless sensing wearables. The commercial product line is anchored by three core wrist-worn hardware products: the Mudra Band (iOS/Apple Watch), the Mudra Link (cross-platform for Android, macOS, and Windows), and the next-generation Mudra Pro (enterprise-grade with EMG, PPG, and IMU sensors). These hardware products are complemented by Mudra Studio (a generative AI-powered developer software platform), the Mudra Experience Studio (B2B platform), the proprietary Large MUAP Model (LMM) foundation model and Brain-AI Bus architecture, the ai6 Labs neural AI ecosystem, and the Mudra Dev Kit Program (SDKs/APIs/tooling). The Gesture Mapper add-on enables personalized gesture-to-command mapping across the Mudra Link. R&D initiatives such as Project Mind Tap extend the roadmap toward intent recognition beyond visible movement. The company operates through a dual-channel model of direct-to-consumer sales and enterprise licensing and collaborations.

Differentiator

Problem solved

Functional benefit

Brands

• Mudra Band: Neural-input wristband designed for Apple Watch and iOS users, enabling gesture control within the Apple ecosystem.
• Mudra Link
• Mudra Pro
• ai6 Labs
• Large MUAP Model (LMM)

Products and services

• Mudra Band A smart neural gesture-control wristband designed for Apple Watch and iOS users, bringing touchless gesture control to the Apple ecosystem via proprietary Surface Nerve Conductance (sEMG) sensors and adaptive AI algorithms.
• Mudra Link The world's first cross-platform neural gesture-control wristband for Android, macOS, Windows devices, and AR/XR headsets, providing personalized neural gesture control with HID-compatible mouse mode and d-pad mode.
• Mudra Pro A next-generation enterprise-grade wristband neural sensing platform integrating EMG, PPG, and IMU sensors with ARM Cortex-M33 processing and low-latency BLE, providing biometric tracking and SDK capabilities for developers, OEMs, and researchers building AI, XR, and human-machine interaction applications.
• Mudra Dev-Kit Program (MDK Program) An enterprise solution for prototyping, testing, and integrating Mudra's neural sensing into third-party products, providing companies and developers with hardware bands, SDKs, APIs, real-time signal tools, and personal on-site guidance.
• Mudra Studio A generative AI-powered software platform that enables developers to create gesture-based neural input experiences using text prompts, allowing natural-language description of intended gestures.
• ai6 Labs A closed-loop neural AI ecosystem that combines foundational neural research, revenue/ecosystem growth, and an AI accelerator to bridge human intent with digital systems using non-invasive electromyography.

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability13 records

Feature6 records

Recent moves9 records

Expansion highlights6 records

Emerging players

• OpenBCI: OpenBCI provides open-source EEG and biosignal hardware and developer tools, comparable to Mudra's Mudra Dev Kit Program in spirit. Both target developers and researchers building neural-input applications and share the neural-data platform thesis.
• Neurable: Neurable builds EEG-based brain-computer interface headphones and neurotechnology for productivity and wellness, with overlapping human-intent-decoding ambitions and similar wearable form factors to Mudra. It is comparable as a non-invasive neural wearable peer focused on everyday consumer use cases.
• Emotiv: Emotiv produces EEG-based BCI headsets (EPOC, Insight) for consumer and research applications including cognitive state monitoring, a use case that overlaps with Mudra's predictive health and cognitive-state analytics roadmap under the LMM expansion.

Direct peers

• RayNeo (TCL): RayNeo is a consumer AR glasses maker (RayNeo X3 Pro) integrating Mudra's neural gesture control alongside the Snapdragon XR platform. It is both a partner and a channel for Mudra, and is directly comparable as a thin, light-AR-glasses hardware OEM in Mudra's OEM pipeline.
• X-trodes: X-trodes develops high-performance wearable EMG patches (SmartSkin) and jointly delivered a tactical-environment neural interface system with Wearable Devices. It is directly comparable as an EMG-sensing peer targeting defense, medical and human-performance use cases.
• Rokid: Rokid is an AR/AI glasses OEM and a direct collaboration partner integrating Mudra Link gesture control into its consumer glasses planned for Q2 2026. Rokid also competes in the same AR input ecosystem where Mudra is positioning as a third-party neural input layer.

Broad incumbents

• Thalmic Labs (now Google) — Myo Armband: Thalmic Labs pioneered the consumer EMG armband category with the Myo, which used surface electromyography to translate forearm muscle activity into gesture controls before the team pivoted to smart glasses (North, acquired by Google). It is highly comparable to Mudra as the historical reference point for wrist/forearm EMG gesture input.
• Meta (Reality Labs / CTRL-Labs): Meta acquired CTRL-Labs in 2019 and has been developing EMG-based neural wristband input as a complementary modality for its Quest VR and Ray-Ban Meta smart glasses platforms. It is the most direct strategic competitor to Mudra in EMG wrist interfaces, but at vastly greater scale and bundled with Meta's own hardware ecosystem.
• Google ATAP (Project Soli): Google ATAP's Project Soli developed miniature radar-based gesture sensing, integrated into Pixel 4 and Nest Hub, targeting touchless gesture control. While the sensing modality differs from sEMG, Soli competes for the same gesture-input UX real estate on consumer devices and is a relevant adjacent incumbent.
• Apple (Apple Watch / visionOS gesture input): Apple integrates hand and wrist gesture recognition across Apple Watch, Vision Pro and iOS, and has been expanding neural/EMG-related input IP. It is a broad incumbent competitor whose gesture-input roadmap could either complement or displace Mudra Band's Apple Watch use case.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks2 records

Key highlights7 records

Customer concentration

• Xx.com/WLDS_Ltd
• YouTubeyoutube.com/@mudraband
• LinkedInlinkedin.com/company/wearable-devices-ltd
• Facebookfacebook.com/mudrawld

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds11 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wearable Devices