WeWalk, a London, UK-based provider of mobility products for visually impaired people, raised over £1.5M in funding.
Backers included institutional investors and more than 400 individuals.
The company intends to use the funds to scale its business in key global markets and establish new R&D partnerships to develop its technology to support other mobility-related functions.
WeWalk provides software-enabled products, which transform mobility for people with visual impairments. Its Smart Cane uses a front-mounted ultrasonic sensor which detects obstacles and warns users with vibration feedback. The company has also developed the WeWALK Smartphone App, which pairs with the Smart Cane, giving users a voice assistant enabling them to discover and explore new spaces. It provides directions and navigation details, and improves access to public transport. They are CE registered for the UK and EU markets, and FCC and FDA registered for the US market.
WeWALK’s product development progressed through a number of R&D partnerships with the likes of Microsoft and Imperial College London. The company has been producing its Smart Canes in Vestel, the largest electronics manufacturing facility in Europe.
Its advisory board includes Professor Washington Ochieng of Imperial College London and the RNIB’s (Royal National Institute of Blind People) Robin Spinks, a leading UK advocate for visually impaired individuals.
FinSMEs
21/07/2022