Steadiwear develops the Steadi-Two, a second-generation glove that uses a magnet-based tuned mass damping system to move opposite a user’s tremor and stabilize the wrist and forearm. The company reports tests showing the device can reduce tremor amplitude by over 80 percent; the Steadi-Two is half the size of its predecessor, about 30% lighter (under one pound), and adaptable to a wider range of tremor types. Steadiwear released the first Steadi-One in 2019 and incorporated user feedback into the new design. Founded in 2015 by CEO Mark Elias and CMO Emile Maamary, the startup has begun accepting pre-orders in Canada and the United States at a planned retail price of $650, with delivery slated for Q1 2022 and sample distribution to assistive-technology clinics planned for the first half of next year. The Steadi-Two is battery-free and positioned as an affordable daily assistive tool to improve independence and reduce healthcare costs for patients. The company plans to use the fresh seed financing mainly for manufacturing and marketing as it moves toward international commercialization.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2021