Nuheara Limited

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Wearable medical devices
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Nuheara Limited is a global leader in smart hearing technology that enhances people's ability to hear. The company develops proprietary, multi-functional, personalized intelligent hearing devices that augment a person's hearing. Nuheara's flagship product is the HP Hearing PRO, an FDA-cleared self-fitting, air-conduction, over-the-counter (OTC) hearing aid. It features the Ear ID self-fitting software, which tests the wearer's individual hearing thresholds and automatically programs the hearing aids accordingly. The HP Hearing PRO streams media and phone calls via Bluetooth, offers active noise cancellation, and has been clinically validated to provide a 30% speech understanding improvement in noisy environments through its directional microphone feature.

Nuheara also offers other innovative hearing products like the IQbuds and IQbuds² MAX wireless earbuds that allow users to augment their hearing as per personal preferences. The company initially focused on direct-to-consumer (DTC) sales and partnerships with consumer electronics retailers. However, in 2021, Nuheara transformed its operations to include medical device manufacturing for its hearing aid products to cater to the global demand for mild to moderate hearing loss solutions. Its products are now available through professional hearing clinics, pharmacies, and specialty retailers worldwide.

In December 2022, Nuheara signed a strategic partnership with InnerScope Hearing Technologies, granting InnerScope licensing rights and support to integrate Nuheara's FDA-cleared self-fitting technology into InnerScope's OTC hearing aids. The agreement also made InnerScope the exclusive third-party retail chain distributor for Nuheara's products in the US.


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Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
190 Aberdeen Street Northbridge Western Australia Perth AUS
Founded year:
2007
Employees:
1-10
IPO status:
Public
Total funding:
USD 21.7 mn
Last Funding:
USD 771.8 k (Undisclosed; Dec 2021)
Last valuation:
-
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