About Bioness
Bioness is a company based in Los Angeles (United States) founded in 2004 was acquired by Bioventus in March 2021. It operates as a Direct-to-Consumer (D2C). Bioness has completed 1 acquisition, including Ness Ltd. Bioness offers products and services including L300 Go, H200 Wireless, L360 Thigh System, Vector Gait & Safety System, and Bioness Integrated Therapy System (BITS). Bioness operates in a competitive market with competitors including SetPoint Medical, ONWARD, Harmonic Bionics, CyMedica Ortho and Intelligent Implants, among others.
- Headquarter Los Angeles, United States
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Sectors
Healthcare
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Phone
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Website
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Social
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- Legal Name Bioness Medical, Inc.
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Products & Services of Bioness
Bioness offers a comprehensive portfolio of products and services, including L300 Go, H200 Wireless, L360 Thigh System, Vector Gait & Safety System, and Bioness Integrated Therapy System (BITS). 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.
Foot drop is corrected using functional electrical stimulation.
Hand function is improved with electrical stimulation technology.
Leg muscles are strengthened using electrical stimulation methods.
Body weight support is provided during rehabilitation activities.
Deficiencies in vision and balance are assessed interactively.
Funding Insights of Bioness
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Bioness
Bioness has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bioventus. 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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Healing therapy products are manufactured for medical applications.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Bioness
Bioness has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ness Ltd. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Medical devices for rehabilitation of hand and foot function after neurological illnesses
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Bioness
| 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 |
Bioness Comparisons
Competitors of Bioness
Bioness 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 SetPoint Medical, ONWARD, Harmonic Bionics, CyMedica Ortho and Intelligent Implants, 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 |
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| domain | founded_year | HQ Location |
Implantable neuromodulation devices are developed for inflammatory diseases.
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Therapeutic devices for spinal cord injuries are developed and delivered.
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Robotic solutions for upper body rehabilitation are provided.
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Neuromuscular electrical stimulation platform to prevent Muscle atrophy after orthopedic surgeries
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Develops smart implants to accelerate and monitor bone growth in orthopedics.
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Provider of smart muscle armor solutions
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bioness
Frequently Asked Questions about Bioness
When was Bioness founded?
Bioness was founded in 2004.
Where is Bioness located?
Bioness is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
What does Bioness do?
Innovative medical technologies are developed by Bioness Medical, Inc. to support recovery for individuals with stroke, brain injury, and other neurological conditions. Solutions are provided for both patients and clinicians in the rehabilitation sector. Products such as functional electrical stimulation devices and therapy systems are offered to improve mobility, hand function, and overall patient outcomes. The focus is placed on enhancing freedom and function through advanced rehabilitation equipment and software platforms.
Who are the top competitors of Bioness?
Bioness's top competitors include SetPoint Medical, ONWARD and Harmonic Bionics.
What products or services does Bioness offer?
Bioness offers L300 Go, H200 Wireless, L360 Thigh System, Vector Gait & Safety System, and Bioness Integrated Therapy System (BITS).
How many acquisitions has Bioness made?
Bioness has made 1 acquisition, including Ness Ltd.
Who are Bioness's investors?
Bioness has 1 investor. Key investors include Bioventus.