Funding Details
- Awarder
- StartEngine
- Date Award
- February 01, 2024
- Vertical
- Healthcare
- Funding URL
- View Funding Page
- Valuation
-
$49,940,000
Company Info
- Founding Year
- 2021
- Traction
- Since launching in September 2021, PSYONIC has made significant strides, receiving a $1 million grant from the National Science Foundation for Small Business Innovation Research and positive press from major news organizations. The Ability Hand™ has users throughout the United States, and the number of orders continues to grow. PSYONIC has partnerships with leading companies in the robotics and tech market.
- Revenue Amount
-
$1,500,000
- Organizations Involved
- Apptronik, Meta, ANA Avatar XPRIZE, U.S. Air Force, Brain-machine interface researchers
- Founders
- Dr. Aadeel Akhtar
- Company Description
- The Ability Hand™ by PSYONIC is an in-market prosthetic hand that offers users faster and more functional mobility at a fraction of the cost. Leveraging patented bionic technology breakthroughs, the hand replicates touch sensation for amputees. It is accessible to most Americans with upper limb differences because it is covered by Medicare, and it is being used by leading global organizations in their humanoid robotics research.
- Market
- Prosthetics and Robotics
- Location
-
San Diego,
CA,
US
- Coinvestors
- None
Links