About Myomo
Myomo is a company based in Boston (United States) founded in 2004.. Myomo has raised $17.21 million across 12 funding rounds from investors including Children's Hospital of Philadelphia, Chicago Venture Partners and Empery Asset Management. The company has 185 employees as of December 31, 2024. Myomo operates in a competitive market with competitors including Ekso Bionics, Wandercraft, SuitX, Kinova and BioLiberty, among others.
- Headquarter Boston, United States
- Employees 185 as on 31 Dec, 2024
- Stage Public
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Myomo Inc.
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Annual Revenue
$32.55 M69.17as on Dec 31, 2024
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Net Profit
$-6.18 M24.1as on Dec 31, 2024
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EBITDA
$-5.43 M29.61as on Dec 31, 2024
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Total Equity Funding
$17.21 M (USD)
in 12 rounds
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Latest Funding Round
$3 M (USD), Debt – Conventional
Oct 23, 2019
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Investors
Children's Hospital of Philadelphia
& 4 more
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Employee Count
185
as on Dec 31, 2024
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IPO & Listings of Myomo
Myomo is a publicly listed company on the AMEX with ticker symbol MYO in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of Myomo
Myomo has successfully raised a total of $17.21M across 12 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $3 million completed in October 2019. 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 12
- Last Round Debt – Conventional — $3.0M
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First Round
First Round
(01 Jun 2006)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Debt – Conventional - Myomo | Valuation |
investors |
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| Feb, 2019 | Amount | Post-IPO - Myomo | Valuation |
investors |
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| Nov, 2017 | Amount | Post-IPO - Myomo | Valuation |
investors |
| 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 Myomo
Myomo has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Children's Hospital of Philadelphia, Chicago Venture Partners and Empery Asset Management. 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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Private equity investments are directed toward US companies.
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Founded Year | Domain | Location | |
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Venture capital is directed toward life sciences and technology sectors.
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Founded Year | Domain | Location | |
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Manages a hedge fund with strategies focused on event-driven investments.
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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 Myomo
| 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 - Myomo
| 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 |
Myomo Comparisons
Competitors of Myomo
Myomo 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 Ekso Bionics, Wandercraft, SuitX, Kinova and BioLiberty, 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 |
Exoskeletons for medical rehabilitation and industrial productivity are provided.
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| domain | founded_year | HQ Location |
Exoskeleton devices are provided for rehabilitation patients' mobility.
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| domain | founded_year | HQ Location |
Lightweight exoskeletons are developed to assist walking for mobility-impaired users.
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| domain | founded_year | HQ Location |
Robotic arms are developed for personal assistance and research.
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| domain | founded_year | HQ Location |
Provides robotic assistance gloves for managing hand weakness.
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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 Myomo
Frequently Asked Questions about Myomo
When was Myomo founded?
Myomo was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Where is Myomo located?
Myomo is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Myomo?
Paul R Gudonis is the current CEO of Myomo.
Is Myomo a funded company?
Myomo is a funded company, having raised a total of $17.21M across 12 funding rounds to date.
How many employees does Myomo have?
As of Dec 31, 2024, the latest employee count at Myomo is 185.
What is the annual revenue of Myomo?
Annual revenue of Myomo is $32.55M as on Dec 31, 2024.
What does Myomo do?
Myomo was founded in 2004 and is headquartered in Boston, United States. Operations are centered in the medical device sector, where myoelectric prosthetic technology is developed for powered braces, or orthotics, that assist weakened extremities. Support is offered to individuals affected by neuromuscular conditions, including stroke, brachial plexus injury, traumatic brain injury, spinal cord injury, multiple sclerosis, and ALS.
Who are the top competitors of Myomo?
Myomo's top competitors include Ekso Bionics, Wandercraft and Kinova.
Is Myomo publicly traded?
Yes, Myomo is publicly traded on AMEX under the ticker symbol MYO.
Who are Myomo's investors?
Myomo has 5 investors. Key investors include Children's Hospital of Philadelphia, Chicago Venture Partners, Empery Asset Management, Mountain Group Partners, and National Science Foundation.
What is Myomo's ticker symbol?
The ticker symbol of Myomo is MYO on AMEX.