About PSYONIC
PSYONIC is a Healthcare company based in Champaign (United States) founded in 2015. Bionic limbs are developed for individuals with amputations. It operates in the Healthcare and Technology sectors. PSYONIC has raised $2.18 million across 6 funding rounds from investors including America’s Seed Fund, Kevin Oleary and Lori Greiner. Its website psyonic.io draws about 22 thousand monthly visits. PSYONIC offers products and services including Ability Hand. Its focus areas include HealthTech, Assistive Tech, Assistive Hardware and Mobility. Its legal entity is Psyonic, Inc. Its competitors include Myomo, CIONIC and Epica International; 3 of its 3 listed competitors have raised funding.
Company details
PSYONIC was founded in 2015 in Champaign, United States, where bionic limbs are developed for people with amputations. Operations focus on the prosthetics sector, with the Ability Hand offered as a key product. This bionic hand incorporates a multi-articulated prosthesis and multi-touch feedback to support user functionality. Activities are centered on advancing accessible prosthetic solutions in the medical technology field.
- Total Equity Funding$2.18M (USD)
in 6 rounds
- Latest Funding Round$1M (USD), Angel Round
Feb 2024
- InvestorsAmerica’s Seed Fund
& 3 more
Products & Services of PSYONIC
PSYONIC offers a comprehensive portfolio of products and services, including Ability Hand.
Touch-sensing hand providing feedback for human use
Apps and channels of PSYONIC
its YouTube channel PSYONIC has 3.12K subscribers and 30 videos.
Videos from PSYONIC
The most watched videos on PSYONIC's YouTube channel, PSYONIC (3.12K subscribers). Click a video to play it here.
More on PSYONIC.
Funding Insights of PSYONIC
PSYONIC has successfully raised a total of $2.18M across 6 strategic funding rounds. The most recent funding activity was a Angel Round of $1 million completed in February 2024. 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 $2.18M
- Total Rounds 6
- Last Round Angel Round — $1M
- First Round $225,000
(Jan 2018)
- Investors Count 4
All 6 funding rounds of PSYONIC with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $1M | Angel Round | – | – | |
| Nov 2022 | $554,466 | Seed | – | – | – |
| Feb 2020 | $937,162 | Grant | – | – | |
| Jan 2020 | $625,000 | Seed | – | – | – |
| Feb 2019 | $225,000 | Grant | – | – | |
| Jan 2018 | $225,000 | Grant | – | – |
4 investors in total: 1 institutional and 3 angel.
Investors in PSYONIC
PSYONIC has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include America’s Seed Fund, Kevin Oleary and Lori Greiner.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund backed by the US Government | seedfund.nsf.gov | Alexandria, United States | ||
KO Kevin Oleary | unknown_b0153a744d7541f2a | |||
LG Lori Greiner | unknown_3801fec7fb3a4ee7a | |||
DJ Daymond John | unknown_eee174bc4d9645aa8 |
Investor details for PSYONIC
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of PSYONIC
7 people are tracked at PSYONIC (5 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Aadeel Akhtar | CEO & Founder | Leadership |
Jesse Cornman | Director of Engineering | Leadership |
Lucy Q Zhang | Director of Operations | Leadership |
Whitney Akhtar | Director Of Executive Support And People | Leadership |
Whitney Akhtar MSW, LCSW | Director Of Executive Support And People | Leadership |
Juan Carlos Tamayo | Embedded System Engineer | Team |
James Austin | Lead Mechanical Engineer | Team |
Complete people profiles for PSYONIC
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Verified entity values are shown only after access is granted.
Timeline of PSYONIC
3 dated milestones of PSYONIC across 9 years, from founding to its latest funding, stage changes and deals.
- Founded PSYONIC is founded.
- Funding First funding round of $225K.
- Funding Latest funding round, Angel Round, of $1.0M.
Competitors of PSYONIC
PSYONIC has 3 listed competitors in our database, 3 of them funded. They include Myomo, CIONIC and Epica International.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myomo.com | 2004 | Boston, United States | $17.21M | 80 | Robotic arms are provided for mobility and rehabilitation support. | |
| cionic.com | 2018 | Scotts Valley, United States | $32.25M | 34 | Bionic clothing is provided for mobility impairment support. | |
| epicainternational.com | 2014 | San Clemente, United States | $25.7M | Provider of robotic CT platforms for healthcare and industrial applications |
Detailed competitors of PSYONIC
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of PSYONIC
The website of PSYONIC (psyonic.io) receives about 22.3K visits a month.
- Monthly visits22.3K
▼ 8% vs previous month
Websites whose visitors overlap most with PSYONIC. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| polsky.uchicago.edu | 70% | 62.3K | View details |
Top companies in Assistive & Age Tech Solutions
3 companies that operate in the same segment as PSYONIC (Assistive & Age Tech Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-sharing service for children's healthcare transportation is managed digitally. | 2014 | South Pasadena, California, United States | USD 105.52 M | 123 | ||
Robotic arms are provided for mobility and rehabilitation support. | 2004 | Boston, Massachusetts, United States | USD 17.21 M | USD 40.93 M | 185 | |
Aira is focused on providing remote video interpreting services for accessibility. | 2014 | San Diego, California, United States | USD 192.2 M |
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Related news about Psyonic
Complete news archive for PSYONIC
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Frequently Asked Questions about PSYONIC
PSYONIC was founded in 2015 and raised its 1st funding round 3 years after it was founded.
PSYONIC is headquartered in Champaign, United States. It is registered at Champaign, Illinois, United States.
PSYONIC is a funded company, having raised a total of $2.18M across 6 funding rounds to date. The company's 1st funding round was a Grant of $225K, raised on Jan 2018.
PSYONIC was founded in 2015 in Champaign, United States, where bionic limbs are developed for people with amputations. Operations focus on the prosthetics sector, with the Ability Hand offered as a key product. This bionic hand incorporates a multi-articulated prosthesis and multi-touch feedback to support user functionality. Activities are centered on advancing accessible prosthetic solutions in the medical technology field.
PSYONIC's top competitors include Myomo, Epica International and CIONIC.
PSYONIC offers Ability Hand.
PSYONIC has 4 investors. Key investors include America’s Seed Fund, Kevin Oleary, Lori Greiner, and Daymond John.
PSYONIC operates through Psyonic, Inc..