About SuitX
SuitX is a Healthcare company based in Berkeley (United States) founded in 2012, and was acquired by Otto Bock in November 2021. Lightweight exoskeletons are developed to assist walking for mobility-impaired users. It operates in the Healthcare and Technology sectors. SuitX has raised $5.13 million across 4 funding rounds from investors including Otto Bock, Wistron and National Science Foundation. Its website suitx.com draws about 39 thousand monthly visits. Its focus areas include HealthTech, Assistive Tech, Assistive Hardware and Mobility. Its competitors include Ekso Bionics, Myomo and Harmonic Bionics; 3 of its 3 listed competitors have raised funding.
Company details
SuitX was founded in 2012 in Berkeley, United States, by the founder of Ekso Bionics, and operates as a division of US Bionics in the medical robotics sector. Exoskeletons like the Phoenix model are produced to support individuals with lower limb paralysis or mobility disorders in walking. The device weighs 27 pounds and is priced at 40,000, positioning it among the more affordable options in rehabilitation technology.
- Headquarters Berkeley, United States
- Stage Acquired
- SectorsHealthcareTechnology
- Email••••••••
- Website suitx.com/en/home
- Social X Facebook
- Acquired by Otto Bock (Nov 2021)
Funding Insights of SuitX
SuitX has successfully raised a total of $5.13M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5.13 million completed in May 2021. 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 $5.13M
- Total Rounds 4
- Last Round Series A — $5.13M
- First Round $179,988
(Jul 2013)
- Investors Count 2
All 4 funding rounds of SuitX 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 |
|---|---|---|---|---|---|
| May 2021 | $5.13M | Series A | – | – | – |
| Sep 2018 | Series B | – | Wistron | – | |
| Apr 2015 | $909,770 | Grant | – | – | |
| Jul 2013 | $179,988 | Grant | – | – |
3 investors in total: 3 institutional.
Investors in SuitX
SuitX has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Otto Bock, Wistron and National Science Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Communication technology products and services are provided globally by Wistron. | 2001 | wistron.com | Taipei, Taiwan | |
A government-backed foundation providing seed-stage investments to support small businesses. | 1950 | nsf.gov | Arlington, United States | |
Prosthetic and orthotic devices are developed for individuals with disabilities. | 1919 | ottobock.com | Duderstadt, Germany |
Investor details for SuitX
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People of SuitX
7 people are tracked at SuitX (2 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Dr. Homayoon Kazerooni | Founder and former CEO | Leadership |
Armando Angeles | Director Of Production | Leadership |
John Kuwata | Operations Engineer | Team |
Liuyu Wang | Graduate Student Researcher | Team |
Cecelia Clark (CC) | Materials Specialist Prototyping Sewer | Team |
Kaiqi Zhang | Capstone Project Team Lead | Team |
Hongjian Liao | Project Specialist | Team |
Complete people profiles for SuitX
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Timeline of SuitX
4 dated milestones of SuitX across 9 years, from founding to its latest funding, stage changes and deals.
- Founded SuitX is founded.
- Funding First funding round of $180K.
- Funding Latest funding round, Series A, of $5.1M.
- Exit Acquired by Otto Bock.
Competitors of SuitX
SuitX has 3 listed competitors in our database, 3 of them funded. They include Ekso Bionics, Myomo and Harmonic Bionics.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| eksobionics.com | 2005 | United States | $24.37M | 56 | Exoskeletons for medical rehabilitation and industrial productivity are provided. | |
| myomo.com | 2004 | Boston, United States | $17.21M | 80 | Robotic arms are provided for mobility and rehabilitation support. | |
| harmonicbionics.com | 2016 | Austin, United States | $12.92M | Robotic solutions for upper body rehabilitation are provided. |
Detailed competitors of SuitX
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- Full competitor set
- Operating metrics
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Web traffic of SuitX
The website of SuitX (suitx.com) receives about 38.9K visits a month.
- Monthly visits38.9K
▼ 2.6% vs previous month
Websites whose visitors overlap most with SuitX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| germanbionic.com | 100% | 23.3K | #1,186,874 | View details | |
| comau.com | 81% | 41.9K | #563,540 | View details | |
| indiegogo.com | 78% | 1.8M | #24,067 | View details | |
posercontent.com | posercontent.com | 74% | #372,896 | – | |
| hypershell.tech | 67% | 365.1K | #102,676 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 11 similar websites and full traffic analytics for SuitX
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- 11 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Assistive & Age Tech Solutions
3 companies that operate in the same segment as SuitX (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 Suitx
Complete news archive for SuitX
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Frequently Asked Questions about SuitX
SuitX was founded in 2012 and raised its 1st funding round 1 year after it was founded.
SuitX is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
SuitX is a funded company, having raised a total of $5.13M across 4 funding rounds to date. The company's 1st funding round was a Grant of $179.99K, raised on Jul 2013.
SuitX was founded in 2012 in Berkeley, United States, by the founder of Ekso Bionics, and operates as a division of US Bionics in the medical robotics sector. Exoskeletons like the Phoenix model are produced to support individuals with lower limb paralysis or mobility disorders in walking. The device weighs 27 pounds and is priced at 40,000, positioning it among the more affordable options in rehabilitation technology.
SuitX's top competitors include Myomo, Ekso Bionics and Harmonic Bionics.
SuitX has 3 investors. Key investors include Otto Bock, Wistron, and National Science Foundation.
Yes. SuitX was acquired by Otto Bock in November 2021.