Wearable Devices
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.
- Company typePublic
- Founded2014
- HeadquartersYoqne`am `illit, Israel
- Headcount1–10
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
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).
Wearable Devices firmographics
Firmographics- 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
Wearable Devices industry classification
Industry- 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
Where Wearable Devices is headquartered
LocationHeadquarters
- HQ city
- Yoqne`am `illit
- HQ country
- Israel
- HQ region
- Middle East
Markets served
Wearable Devices business model
Business model- 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
- 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.
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | — | Mudra Band and Mudra Link consumer products — pricing not publicly disclosed on website |
| Unit Pricing | — | Mudra Pro for OEMs and enterprise — pre-order pricing not disclosed |
| Other | — | Mudra Dev-Kit Program — enterprise solution for developers |
Go-to-market motion5 records
Wearable Devices product offering
Product offeringCore 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.
Companies that use Wearable Devices
Customer profileIdeal customer profiles3 records
Wearable Devices technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
AI capability13 records
Feature6 records
Wearable Devices partnerships and signals
Strategic signalRecent moves9 records
Expansion highlights6 records
Wearable Devices competitors and assessment
Company assessmentEmerging 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
Wearable Devices social profiles
Digital presenceWearable Devices financial estimates
Financial estimateRevenue estimate
Valuation estimate
Wearable Devices leadership team
Management profileNumber of profiles
Profiles9 records
Wearable Devices funding detail
Funding detailFunding overview
Funding rounds11 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Wearable Devices M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Wearable Devices
What does Wearable Devices do?
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.
Is Wearable Devices a public or private company?
Wearable Devices is a public company. It is classified as public and is currently operating.
When was Wearable Devices founded?
Wearable Devices was founded in 2014. It employs 1 to 10 people.
Where is Wearable Devices based?
Wearable Devices is headquartered in Yoqne`am `illit, Israel, in the Middle East region.
How does Wearable Devices make money?
Four revenue lines are on record. Consumer Hardware Sales are the primary driver. The others are enterprise Licensing and Collaborations, mudra Dev-Kit Program and regional Distribution Partnerships.
Who are Wearable Devices's main competitors?
Emerging players on record are OpenBCI, Neurable and Emotiv. Direct peers are RayNeo (TCL), X-trodes and Rokid. Broad incumbents are Thalmic Labs (now Google) — Myo Armband, Meta (Reality Labs / CTRL-Labs), Google ATAP (Project Soli) and Apple (Apple Watch / visionOS gesture input).
Does Wearable Devices have an API?
Yes. Wearable Devices offers developer-facing APIs and SDKs as part of the Mudra Dev Kit Program, which includes hardware bands, SDKs, APIs, and real-time signal tools for prototyping, testing, and integrating Mudra's neural sensing into third-party products. The Mudra Pro additionally provides SDK capabilities and pilot-oriented resources to OEMs, enterprise innovation teams, researchers, and developers. The Mudra Link itself is HID-compatible and supports mouse mode and d-pad mode. Specific API type (REST/GraphQL), authentication methods, rate limits, versioning, and sandbox availability are not specified in the source material.
What industry is Wearable Devices in?
Wearable Devices's product category is Neural Input Wearables. Its primary akta.pro industry code is HDACALAH, Wearable Computers (Industrial Smart Glasses/Wrist/Arm-Mount), with a secondary code of HDACALAB, Rugged Handhelds & Mobile Computers. Its NAICS code is 334510 and its SIC code is 3845.