What are the most valued startups in the wearable technology market?

Last updated: 13 July 2026

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market research pitch 2026 statistics wearable technology market

In our wearable technology market deck, you will find everything you need to understand the market

The wearable technology market includes smart rings, health sensors, medical wearables, augmented-reality glasses, connected audio devices and performance-tracking products.

Oura and WHOOP lead the ranking by a wide margin, while a growing group of wearable health and spatial-computing companies has reached valuations above $1 billion.

We update this list every month to reflect new funding rounds, public-market movements, acquisitions and changes in estimated startup valuations.

And if you want to better understand this new industry, you can download our pitch covering the wearable technology market.

A quick summary table

Metric Value
Most valuable wearable technology startup Oura, $11.0B
Second most valuable wearable startup WHOOP, $10.1B
Median wearable technology valuation Approximately $80M
Wearable market valuation captured by the top 10 Approximately 82%
Top wearable startup valuation vs. median Approximately 138 times
Median wearable valuation-to-capital-raised ratio Approximately 3.1 times
Wearable startups valued at $1B+ 11 based on valuation midpoints
Market map chart showing top companies and startups in the wearable technology market

This market map, featured in our wearable technology market deck, highlights top companies and startups in the wearable technology market

Top startups in the wearable technology market ranked by valuation

Here is an updated table that ranks the top startups in the wearable technology market based on their latest reported or estimated valuations.

If you want more detaild about their fundraising activity, you can check our list of the startups who have raised the most funding in the wearable technology market.

# Startup Name What They Do Current Valuation ($) Valuation Confidence Level Valuation Type Evidence Status Total Funding ($) Funding Confidence Level
1 Oura Smart health rings $11.0B Strong Confidence Announced Private Round Valuation Observed $1.3B Strong Confidence
2 WHOOP Performance health wearable $10.1B Full Confidence Announced Private Round Valuation Observed $979M Partial Confidence
3 Wispr AI Voice-first AI dictation software $1.8B–$2.0B Partial Confidence Active Raise Valuation Estimated $82M Strong Confidence
4 Magic Leap Enterprise AR headsets $1.5B–$2.0B Partial Confidence Proxy-Based Estimate Estimated $3.5B Partial Confidence
5 boAt Audio and wearables $1.3B–$1.5B Strong Confidence IPO or Listing Range Valuation Estimated $171M Strong Confidence
6 RayNeo AI AR smart glasses $1.0B–$1.8B Partial Confidence Implied Valuation from Raise Implied $143M Low Confidence
7 BrainCo Non-invasive brain-computer interface devices $1.3B–$1.5B Strong Confidence IPO or Listing Range Valuation Estimated $292M Strong Confidence
8 XPANCEO AI smart contact lenses $1.2B–$1.5B Strong Confidence Announced Private Round Valuation Observed $290M Full Confidence
9 Nothing Consumer tech devices $1.3B Strong Confidence Announced Private Round Valuation Observed $450M Strong Confidence
10 XREAL Consumer AR glasses $1.0B–$1.2B Strong Confidence Announced Private Round Valuation Observed $433M Strong Confidence
11 VITURE Consumer XR glasses $750M–$1.3B Partial Confidence Implied Valuation from Raise Implied $222M Partial Confidence
12 Rokid AR smart glasses $800M–$1.1B Partial Confidence IPO or Listing Range Valuation Estimated $270M Low Confidence
13 Biolinq Metabolic biosensor platform $700M–$1.1B Partial Confidence Implied Valuation from Raise Implied $273M Strong Confidence
14 Mojo Vision Micro-LED display platform $550M–$950M Partial Confidence Implied Valuation from Raise Implied $341M Strong Confidence
15 Willow Wearable breast pumps $550M–$850M Partial Confidence Implied Valuation from Raise Implied $228M Partial Confidence
16 VitalConnect Wearable biosensor monitoring $400M–$600M Partial Confidence Implied Valuation from Raise Implied $308M Strong Confidence
17 Cala Health Wearable tremor therapy $350M–$650M Partial Confidence Implied Valuation from Raise Implied $300M Partial Confidence
18 Ultrahuman Smart rings and biomarkers $320M–$600M Partial Confidence Implied Valuation from Raise Implied $103M Partial Confidence
19 Biobeat Cuffless blood-pressure monitoring patches $330M–$480M Strong Confidence Implied Valuation from Raise Implied $51M Partial Confidence
20 Hilo Cuffless blood pressure monitoring $280M–$525M Partial Confidence Implied Valuation from Raise Implied $100M Full Confidence
21 DigiLens AR waveguide display technology $250M–$400M Partial Confidence Comparables-Based Estimate Estimated $147M Strong Confidence
22 INMO Consumer AI augmented-reality glasses $260M–$300M Strong Confidence Announced Private Round Valuation Observed $94M Partial Confidence
23 Epicore Biosystems Sweat-sensing health monitoring wearables $210M–$320M Partial Confidence Implied Valuation from Raise Implied $42M Strong Confidence
24 Swave Photonics Holographic AR display chips $180M–$320M Partial Confidence Implied Valuation from Raise Implied $53M Strong Confidence
25 IXI Autofocusing adaptive prescription glasses $180M–$300M Partial Confidence Implied Valuation from Raise Implied $41M Strong Confidence
26 Neurable Brain-sensing technology for everyday devices $190M–$290M Strong Confidence Implied Valuation from Raise Implied $56M Strong Confidence
27 Temple Cerebral blood-flow monitoring wearable $190M Full Confidence Announced Private Round Valuation Observed $54M Strong Confidence
28 Empatica Medical-grade health wearables $140M–$230M Partial Confidence Comparables-Based Estimate Estimated $33M Strong Confidence
29 Xplora Kids smartwatches and subscriptions $183M Full Confidence Public Market Cap Observed $25M Partial Confidence
30 OrCam Assistive vision wearables $100M–$250M Low Confidence Proxy-Based Estimate Estimated $86M Strong Confidence
31 Orpyx Diabetic foot monitoring insoles $130M–$220M Partial Confidence Implied Valuation from Raise Implied $39M Partial Confidence
32 Sandbar AI note-taking smart ring $120M–$190M Strong Confidence Implied Valuation from Raise Implied $36M Full Confidence
33 Avegant Light engines for AR glasses $120M–$180M Partial Confidence Implied Valuation from Raise Implied $82M Partial Confidence
34 Luna Ring / Noise Smart rings and consumer wearables $120M–$180M Partial Confidence Implied Valuation from Raise Implied $30M Strong Confidence
35 Sky Labs Medical blood-pressure smart rings $140M–$155M Strong Confidence Announced Private Round Valuation Observed $45M Strong Confidence
36 Pimax High-end VR headsets $90M–$175M Partial Confidence Implied Valuation from Raise Implied $79M Partial Confidence
37 Lumus Reflective waveguides for AR glasses $100M–$160M Partial Confidence Comparables-Based Estimate Estimated $57M Strong Confidence
38 Playermaker Soccer performance tracking sensors $100M–$160M Partial Confidence Comparables-Based Estimate Estimated $50M Strong Confidence
39 Varjo Enterprise VR/XR headsets $90M–$160M Partial Confidence Revenue or ARR Multiple Estimate Estimated $139M Strong Confidence
40 USound MEMS speakers for hearables $90M–$140M Partial Confidence Comparables-Based Estimate Estimated $84M Strong Confidence
41 Dispelix AR waveguide displays $70M–$150M Low Confidence Acquisition Value Estimated $61M Partial Confidence
42 NextSense EEG sleep-tracking wireless earbuds $85M–$135M Strong Confidence Implied Valuation from Raise Implied $29M Partial Confidence
43 Tilt Five Tabletop augmented-reality gaming system $80M–$130M Partial Confidence Implied Valuation from Raise Implied $21M Full Confidence
44 Sightful Spatial workspace software for AR $75M–$120M Partial Confidence Comparables-Based Estimate Estimated $61M Strong Confidence
45 Cardiosense AI cardiac monitoring wearable platform $70M–$120M Partial Confidence Comparables-Based Estimate Estimated $15M Strong Confidence
46 Bragi Hearable operating systems and software $70M–$120M Low Confidence Revenue or ARR Multiple Estimate Estimated $22M Partial Confidence
47 Cellid AR waveguides and spatial recognition $70M–$110M Partial Confidence Implied Valuation from Raise Implied $42M Strong Confidence
48 RingConn Subscription-free health smart rings $65M–$110M Partial Confidence Comparables-Based Estimate Estimated $4M Partial Confidence
49 hearX Digital hearing aids and diagnostics $60M–$100M Partial Confidence Acquisition Value Estimated $13M Strong Confidence
50 Mobvoi AI smartwatches and voice technology $78M Full Confidence Public Market Cap Observed $284M Partial Confidence
51 DPVR VR headset manufacturer $50M–$100M Low Confidence Comparables-Based Estimate Estimated $47M Low Confidence
52 Mira Lightweight AR headsets $50M–$100M Low Confidence Acquisition Value Estimated $17M Partial Confidence
53 PlayerData Team sports performance trackers $55M–$95M Partial Confidence Implied Valuation from Raise Implied $2M Strong Confidence
54 Bellabeat Women-focused wellness wearables $55M–$90M Low Confidence Revenue or ARR Multiple Estimate Estimated $19M Strong Confidence
55 Flow Neuroscience Depression brain-stimulation treatment headset $50M–$90M Partial Confidence Revenue or ARR Multiple Estimate Estimated $12M Strong Confidence
56 Ozlo Sleep-focused wireless earbuds $55M–$85M Partial Confidence Implied Valuation from Raise Implied $22M Full Confidence
57 Shot Scope Golf GPS and shot tracking $50M–$80M Partial Confidence Implied Valuation from Raise Implied $21M Partial Confidence
58 MAD Gaze Consumer augmented-reality smart glasses $45M–$80M Low Confidence Comparables-Based Estimate Estimated $32M Strong Confidence
59 AngelSense Special-needs GPS safety trackers $35M–$70M Low Confidence Revenue or ARR Multiple Estimate Estimated Not provided Low Confidence
60 myFirst Connected devices designed for children $40M–$60M Strong Confidence Implied Valuation from Raise Implied $8M Full Confidence
61 Shadow Creator Mixed-reality headsets and glasses $30M–$60M Low Confidence Comparables-Based Estimate Estimated $38M Low Confidence
62 Carv Digital ski-coaching wearable $35M–$55M Partial Confidence Comparables-Based Estimate Estimated $11M Partial Confidence
63 TickTalk Tech Kids GPS communication watches $30M–$60M Low Confidence Comparables-Based Estimate Estimated $0 Full Confidence
64 Embr Labs Thermal comfort wrist wearables $35M–$55M Partial Confidence Comparables-Based Estimate Estimated $11M Partial Confidence
65 Solos AI smart glasses $25M–$60M Low Confidence Proxy-Based Estimate Estimated $0 Low Confidence
66 Gabit Integrated health and smart rings $30M–$50M Partial Confidence Active Raise Valuation Implied $13M Strong Confidence
67 NeoSensory Haptic hearing and tinnitus wearables $25M–$45M Low Confidence Comparables-Based Estimate Estimated $16M Strong Confidence
68 InteraXon Muse EEG meditation headbands $25M–$45M Low Confidence Revenue or ARR Multiple Estimate Estimated $26M Partial Confidence
69 Timekettle Real-time translation earbuds $25M–$45M Low Confidence Comparables-Based Estimate Estimated $1M Partial Confidence
70 Strive Muscle performance monitoring garments $25M–$45M Partial Confidence Comparables-Based Estimate Estimated $9M Strong Confidence
71 Pison Wrist-based neural gesture sensing $25M–$43M Partial Confidence Implied Valuation from Raise Implied $12M Partial Confidence
72 Brilliant Labs Open-source AI smart glasses $20M–$45M Partial Confidence Proxy-Based Estimate Estimated $6M Partial Confidence
73 ThirdEye Enterprise AR glasses and software $20M–$45M Low Confidence Proxy-Based Estimate Estimated $0 Full Confidence
74 Nix Biosensors Sweat-based hydration monitoring patches $25M–$40M Partial Confidence Revenue or ARR Multiple Estimate Estimated $7M Partial Confidence
75 Quell Resistance-based fitness gaming wearable $25M–$40M Partial Confidence Implied Valuation from Raise Implied $16M Full Confidence
76 .lumen Navigation glasses for blind users $23M–$38M Partial Confidence Implied Valuation from Raise Implied $6M Partial Confidence
77 Spire Health Remote respiratory patient monitoring $20M–$40M Low Confidence Acquisition Value Estimated $48M Partial Confidence
78 Movano Health Women-focused medical smart ring $29M Full Confidence Public Market Cap Observed $77M Partial Confidence
79 Hexoskin Biometric smart clothing and analytics $20M–$35M Partial Confidence Implied Valuation from Raise Implied $6M Partial Confidence
80 MyKronoz / BOW Hybrid smartwatches and connected devices $18M–$35M Low Confidence Proxy-Based Estimate Estimated $34M Partial Confidence
81 CardiacSense Wrist-based cardiac vital monitoring $18M–$25M Strong Confidence Announced Private Round Valuation Observed $15M Low Confidence
82 Circular Health-monitoring smart rings $12M–$25M Low Confidence Proxy-Based Estimate Estimated $0 Low Confidence
83 Sensoria Sensor-enabled garments and socks $12M–$25M Low Confidence Comparables-Based Estimate Estimated $6M Partial Confidence
84 Stryd Running power meter footpod $12M–$25M Low Confidence Revenue or ARR Multiple Estimate Estimated $300K Partial Confidence
85 NeuroSky Consumer EEG sensor modules $12M–$22M Low Confidence Revenue or ARR Multiple Estimate Estimated $18M Partial Confidence
86 Danu Sports Movement-analysis sensor socks $12M–$22M Partial Confidence Implied Valuation from Raise Implied $5M Partial Confidence
87 Clim8 Intelligent temperature-regulating clothing $10M–$20M Low Confidence Revenue or ARR Multiple Estimate Estimated $6M Partial Confidence
88 Emteq Labs Facial-sensing eyewear analytics $8M–$15M Partial Confidence Active Raise Valuation Implied $3M Low Confidence
89 NeoSapien AI-native wearable memory assistant $8M–$14M Strong Confidence Implied Valuation from Raise Implied $3M Partial Confidence
90 Halo Neuroscience Athletic neurostimulation headset $5M–$15M Low Confidence Acquisition Value Estimated $25M Partial Confidence
91 Soundbrenner Wearable metronomes for musicians $6M–$11M Partial Confidence Revenue or ARR Multiple Estimate Estimated $4M Partial Confidence
92 OMI Open-source AI memory wearable $6M–$11M Partial Confidence Revenue or ARR Multiple Estimate Estimated $2M Full Confidence
93 Lucyd Smart eyewear brand $7M Full Confidence Public Market Cap Observed $8M Strong Confidence
94 Sonic Lamb Haptic immersive headphones $4M–$7M Strong Confidence Implied Valuation from Raise Implied $2M Low Confidence
95 RunScribe Running gait analysis sensors $2M–$6M Low Confidence Proxy-Based Estimate Estimated $1M Low Confidence
96 NURVV Biomechanical running-sensor insoles $0M–$3M Low Confidence Proxy-Based Estimate Estimated $29M Partial Confidence
97 Lynx Mixed reality headsets $0M–$2M Low Confidence Proxy-Based Estimate Estimated $7M Partial Confidence
98 deWiz Golf swing analysis wearable $0M–$2M Low Confidence Proxy-Based Estimate Estimated $9M Strong Confidence
99 Cosmo Connected Connected mobility safety equipment $0M–$1M Low Confidence Proxy-Based Estimate Estimated $10M Partial Confidence
100 LAFORGE Optical Prescription augmented-reality smart glasses $0M–$1M Low Confidence Proxy-Based Estimate Estimated $2M Partial Confidence
Chart comparing the 2026 size of the wearable technology market with other markets of similar size

This chart, included in our wearable technology market deck, compares the 2026 size of the wearable technology market with other markets of similar size

Key valuation trends in the wearable technology market

Insights

  • Oura and WHOOP account for almost two-thirds of the top 10 wearable technology valuation, showing that scaled health platforms command a much larger premium than most device manufacturers.
  • The top 10 wearable startups represent approximately 82% of the dataset’s combined midpoint valuation, which makes the wearable technology market highly concentrated despite its wide range of products.
  • Oura’s $11.0B valuation is approximately 138 times the dataset’s median valuation, highlighting the large commercial gap between category leaders and the typical wearable technology company.
  • BrainCo, XPANCEO and Neurable reach approximately $3.0B in combined midpoint valuation after raising about $638M, showing that technically complex neurotechnology and smart-lens platforms can still use capital efficiently.
  • Neurable, Temple, Sandbar and Sky Labs have raised approximately $191M in total, yet the four specialized wearable companies carry about $733M in combined midpoint valuation.
  • Smart rings appear at both ends of the wearable technology market. Oura leads at $11.0B, while focused companies such as Sandbar and Sky Labs support valuations near $150M.
  • XREAL raised $433M to reach a midpoint valuation near $1.1B, while boAt raised $171M and reached approximately $1.4B, suggesting materially stronger capital efficiency for boAt.
  • Lucyd, Mobvoi and Movano Health show how public-market pricing can compress wearable technology valuations below cumulative capital raised, even after substantial product development and investor backing.
Chart showing why Whoop is leading in the wearable technology market

This chart, included in our wearable technology market deck, shows why Whoop is leading in wearable technology

A few word about our methodology

As you can see, we built a database that ranks startups in the wearable technology market based on their current valuation.

Estimating wearable technology startup valuations is not always straightforward. Many companies do not publicly disclose their valuation, and the available information can vary widely depending on the company and its stage.

To build this ranking, we applied a structured valuation methodology and cross-checked information across multiple reliable sources.

Whenever possible, we relied on direct disclosures. These include announced valuations from completed funding rounds, public filings for listed wearable companies, or official acquisition prices.

When a wearable technology company is publicly listed, we use its current market capitalization as the reference valuation.

If a wearable company was acquired and no independent valuation can reasonably be estimated today, we use the acquisition price as the main reference point.

When a wearable technology startup recently raised capital but the valuation was not disclosed, we estimate the implied valuation using typical dilution levels for that stage of fundraising.

In some cases, we also estimate valuations using operating metrics such as revenue, ARR, unit sales, subscriptions or customer traction, combined with valuation multiples from comparable wearable technology companies.

When direct financial data is not available, we may rely on carefully selected comparable startups and other signals such as hiring growth, investor quality, regulatory progress, product adoption or commercial partnerships.

All estimates follow a strict evidence hierarchy. Recent funding rounds with announced valuations carry the most weight, followed by strong operating metrics and comparable company analysis.

We also carefully evaluate the age of every data point. Recent information carries more weight, while older data is treated cautiously and adjusted conservatively when necessary.

Whenever information is uncertain or incomplete, we clearly distinguish between confirmed facts and reasonable inferences.

Because wearable technology valuation data is not always fully public, each startup in the ranking is assigned a confidence level based on the reliability, recency and consistency of the available evidence.

Full confidence means the valuation is supported by strong and recent evidence. Strong confidence means the estimate is well supported but includes minor inference. Partial confidence means the estimate relies more heavily on indirect signals. Low confidence means available information is limited or inconsistent.

When confidence is lower, we take a more conservative approach by widening the valuation range. This helps reflect the uncertainty and increases the probability that the true valuation falls within the estimated range.

This reflects how we conduct all our research, including the work behind our report covering the wearable technology market.

In a world where LLMs hallucinate and unreliable information is everywhere, our goal is simple: provide data you can trust.

If you want the full detail on a specific valuation estimate, feel free to contact us and we will gladly explain.

Finally, know that we update the dataset once per month, so come back here if you need fresh information.

Chart showing the projected CAGR of the wearable technology market

This chart, included in our wearable technology market deck, illustrates yearly funding for wearable technology startups

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- The full range of business models in wearable technology

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