About SuitX
SuitX is a company based in Berkeley (United States) founded in 2012 was acquired by Otto Bock in November 2021.. SuitX has raised $5.13 million across 4 funding rounds from investors including Otto Bock, Wistron and National Science Foundation. SuitX operates in a competitive market with competitors including Ekso Bionics, Myomo, Wandercraft, BioLiberty and Trexo Robotics, among others.
- Headquarter Berkeley, United States
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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
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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 Total Funding
- Total Rounds 4
- Last Round Series A — $5.1M
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First Round
First Round
(01 Jul 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2021 | Amount | Series A - SuitX | Valuation |
investors |
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| Sep, 2018 | Amount | Series B - SuitX | Valuation | Wistron |
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| Apr, 2015 | Amount | Grant - SuitX | 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 SuitX
SuitX has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Otto Bock, Wistron and National Science Foundation. 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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Communication technology products and services are provided globally by Wistron.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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Founded Year | Domain | Location | |
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Prosthetic and orthotic devices are developed for individuals with disabilities.
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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 SuitX
| 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 - SuitX
| 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 |
Suitx Comparisons
Competitors of SuitX
SuitX 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, Myomo, Wandercraft, BioLiberty and Trexo Robotics, 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 |
Robotic arms are provided for mobility and rehabilitation support.
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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 |
Provides robotic assistance gloves for managing hand weakness.
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| domain | founded_year | HQ Location |
Battery-operated exoskeletons for children with disabilities are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Suitx
Frequently Asked Questions about SuitX
When was SuitX founded?
SuitX was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is SuitX located?
SuitX is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Is SuitX a funded company?
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 $909.77K, raised on Jul 01, 2013.
What does SuitX do?
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.
Who are the top competitors of SuitX?
SuitX's top competitors include Myomo, Ekso Bionics and Wandercraft.
Who are SuitX's investors?
SuitX has 3 investors. Key investors include Otto Bock, Wistron, and National Science Foundation.
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