About Advanced Bionics
Advanced Bionics is a company based in Valencia (United States) founded in 1993 was acquired by Sonova in November 2009.. Advanced Bionics has raised $78.06 million across 4 funding rounds from investors including HHS and Sonova. The company has 20 employees as of April 09, 2024. Advanced Bionics offers products and services including Marvel CI, Naída CI, and Chorus Sound Processor. Advanced Bionics operates in a competitive market with competitors including Zhejiang Norcong Neuroelectronics, Esteem Hearing, Oticon Medical, Hemideina and Otokinetics, among others.
- Headquarter Valencia, United States
- Employees 20 as on 09 Apr, 2024
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Advanced Bionics India Private Limited
- Date of Incorporation 16 May, 2011
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$4.93 M (USD)56.62as on Mar 31, 2022
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Net Profit
$147.88 K (USD)195.87as on Mar 31, 2022
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EBITDA
$226.72 K (USD)226.67as on Mar 31, 2022
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Total Equity Funding
$78.06 M (USD)
in 4 rounds
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Latest Funding Round
$629.8 K (USD), Grant
Jan 18, 2008
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Investors
HHS
& 1 more
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Employee Count
20
as on Apr 09, 2024
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Acquired by
Sonova
(Nov 09, 2009)
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Products & Services of Advanced Bionics
Advanced Bionics offers a comprehensive portfolio of products and services, including Marvel CI, Naída CI, and Chorus Sound Processor. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides advanced sound processing for adults with severe hearing loss.
Offers hearing solutions tailored for children with profound loss.
Enhances cochlear implant functionality for everyday use.
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Sales and Marketing
32 people
Software Development Team
22 people
Clinical Team
21 people
Senior Team
15 people
Leadership Team
12 people
Regional Team
7 people
Principal Team
6 people
Cochlear Team
5 people
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Funding Insights of Advanced Bionics
Advanced Bionics has successfully raised a total of $78.06M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $629.8 thousand completed in January 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Grant — $629,798
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First Round
First Round
(01 Feb 2002)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2008 | Amount | Grant - Advanced Bionics | Valuation |
investors |
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| Aug, 2002 | Amount | Grant - Advanced Bionics | Valuation |
investors |
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| Feb, 2002 | Amount | Series C - Advanced Bionics | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Advanced Bionics
Advanced Bionics has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Sonova. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location | |
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Portfolio of hearing aids, cochlear implants, and communication solutions
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Advanced Bionics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Advanced Bionics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Advanced Bionics Comparisons
Competitors of Advanced Bionics
Advanced Bionics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zhejiang Norcong Neuroelectronics, Esteem Hearing, Oticon Medical, Hemideina and Otokinetics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-channel cochlear implants and speech processors are developed and manufactured.
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| domain | founded_year | HQ Location |
Developer of implanted hearing devices
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| domain | founded_year | HQ Location |
Develops medical devices for cochlear implants and bone conduction hearing aids.
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| domain | founded_year | HQ Location |
Cochlear implants for deafness treatment are developed.
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| domain | founded_year | HQ Location |
Cochlear Implant
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Advanced Bionics
Frequently Asked Questions about Advanced Bionics
When was Advanced Bionics founded?
Advanced Bionics was founded in 1993 and raised its 1st funding round 9 years after it was founded.
Where is Advanced Bionics located?
Advanced Bionics is headquartered in Valencia, United States. It is registered at Valencia, California, United States.
Who is the current CEO of Advanced Bionics?
Victoria Carr-Brendel is the current CEO of Advanced Bionics.
Is Advanced Bionics a funded company?
Advanced Bionics is a funded company, having raised a total of $78.06M across 4 funding rounds to date. The company's 1st funding round was a Series C of $78.06M, raised on Feb 01, 2002.
How many employees does Advanced Bionics have?
As of Apr 09, 2024, the latest employee count at Advanced Bionics is 20.
What is the annual revenue of Advanced Bionics?
Annual revenue of Advanced Bionics is $4.93M as on Mar 31, 2022.
What does Advanced Bionics do?
Advanced Bionics was founded in 1993 and is headquartered in Valencia, United States. Operations are focused on the medical device sector, where cochlear implant technology is developed to restore hearing for individuals with severe-to-profound hearing loss. Key products include the Naída CI M sound processor for adults and the Sky CI Marvel sound processor for children. Services encompass the provision of these hearing solutions through clinical and professional networks.
Who are the top competitors of Advanced Bionics?
Advanced Bionics's top competitors include Hemideina, Zhejiang Norcong Neuroelectronics and Esteem Hearing.
What products or services does Advanced Bionics offer?
Advanced Bionics offers Marvel CI, Naída CI, and Chorus Sound Processor.
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