Queensland-based health tech company WearOptimo has ruled off its latest funding round with backing from NRL great Adam MacDougall and Canberra-based healthcare provider Aspen Medical.

The Brisbane-based company, founded by biomedical engineer and University of Oxford lecturer Mark Kendall, has gathered $8 million in fresh funding from new and existing investors. Together with $10 million in grant funding, WearOptimo will pursue the next phase of its operation – moving its AI-enhanced wearable hydration monitors from proof of concept to its first sales by the end of 2026.