German Bionic System - About the company
German Bionic System is a series A company based in Augsburg (Germany), founded in 2016 by Armin G Schmidt and Peter Heiligensetzer. It operates as a Provider of an exoskeleton system for industrial worker augmentation. German Bionic System has raised $39.8M in funding from investors like Mubea, Join Capital and Samsung Catalyst Fund. The company has 43 active competitors, including 16 funded and 2 that have exited. Its top competitors include companies like Wandercraft, SuitX and Hypershell.
Company Details
Provider of an exoskeleton system for industrial worker augmentation. The product is named Cray and is designed to reduce lower back compression forces, which supports users in manual handling of goods and tools. The robot works on an open source based cloud software platform that also enables machine learning and AI functionality.
- Website
- www.germanbionic.com/
- Social
- Email ID
- *****@germanbionic.com
Key Metrics
Founded Year
2016
Location
Augsburg, Germany
Stage
Series A
Total Funding
$39.8M in 4 rounds
Latest Funding Round
Ranked
3rd among 43 active competitors
Employee Count
66 as on May 31, 2026
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Legal entities associated with German Bionic System
German Bionic System is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
German Bionic Systems Gmbh CIN: F1103_HRB199907B , Germany, Active | Apr 18, 2017 | - | - | |
GBS German Bionic Systems GmbH CIN: HRB199907 , Germany, Active | Apr 17, 2017 | - | - |
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German Bionic System's funding and investors
German Bionic System has raised a total funding of $39.8M over 4 rounds. Its first funding round was on 2018. Its latest funding round was a Series A round on Dec 11, 2023 for $*****. 6 investors participated in its latest round. German Bionic System has 16 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of German Bionic System:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 11, 2023 | 2389096 | Series A | 3681873 | 4008481 | 2727522 | 5417046 |
Dec 22, 2022 | 7517857 | Venture Debt | 2428229 | 6234931 | 3914163 | |
Dec 14, 2020 | 3063545 | Series A | 7628673 | 1700897 |
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German Bionic System's founders and board of directors
Founder? Claim ProfileThe founders of German Bionic System are Armin G Schmidt and Peter Heiligensetzer. Armin G Schmidt is the CEO of German Bionic System.
Here are the details of German Bionic System's key team members:
- Armin G Schmidt: CEO & Co-Founder of German Bionic System and founder of 1 other company. They serve on the board of 1 company.
- Peter Heiligensetzer: Founder of German Bionic System. They serve on the board of 1 company.
German Bionic System's Board of Directors
German Bionic System's board has 2 active members. Armin G Schmidt and Dirk Pöschl are part of team.Here is the list of German Bionic System's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 7m | |
Team | - | Current | 3y 0m | |
jsouytr | Team | - | Past | 1y 5m |
View details of German Bionic System's Founder profiles and Board Members
German Bionic System's employee count trend
German Bionic System has 66 employees as of May 26. Here is German Bionic System's employee count trend over the years:
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German Bionic System's Competitors and alternates
Top competitors of German Bionic System include Wandercraft, SuitX and Hypershell. Here is the list of Top 10 competitors of German Bionic System, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Wandercraft 2012, Paris (France), Series D | Provider of AI-powered exoskeleton solutions | $142M | Â &Â 21Â others | 66/100 |
2nd | SuitX 2012, Berkeley (United States), Acquired | Exoskeleton solutions for industry, enhancing worker safety and productivity | $5.13M | 65/100 | |
3rd | German Bionic System 2016, Augsburg (Germany), Series A | Provider of an exoskeleton system for industrial worker augmentation | $39.8M | 57/100 | |
4th |  Hypershell 2024, Shanghai (China), Series B | Manufacturer of AI-powered wearable exoskeletons for mobility enhancement | $70M | 55/100 | |
5th | WiRobotics 2021, Yongin si (South Korea), Series B | Developer of wearable robots for movements | $80.6M | 55/100 | |
6th | Harmonic Bionics 2016, Austin (United States), Acquired | Developer of robotic rehabilitation systems designed for upper extremity therapy | $12.9M | 53/100 | |
7th |  HeroWear 2018, United States, Series A | Manufacturer of back-assist exosuit | $14.8M | 49/100 | |
8th |  Verve Motion 2020, Cambridge (United States), Series B | Developer of wearable robotics for industrial workers | $45.6M | 47/100 | |
9th |  ULS Robotics 2018, Shanghai (China), Seed | Developer of exoskeleton robots and robotic arms for industrial applications | - | Â &Â 4Â others | 46/100 |
10th | ROAM Robotics 2012, San Francisco (United States), Series A | Developer of robotic exoskeletons designed to augment strength and reduce injury | $12M | 46/100 |
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German Bionic System's Investments and acquisitions
German Bionic System has made no investments or acquisitions yet.
News related to German Bionic System
Filter this listMedia has covered German Bionic System for a total of 2 events in the last 1 year, 1 of them has been about company updates and 1 about partnerships.
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German Bionic Unveils Exia, World's First Smart ExoskeletonTrending Topics•May 27, 2025•German Bionic System
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KULR Expands into High-Growth Robotics Market with German Bionic AI-Powered Exoskeletons for U.S. WorkforceRoboticsTomorrow•May 23, 2025•German Bionic System, Kulr
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German Bionic unveils Apogee Ultra as a powerful exoskeleton for workersVentureBeat•Jan 07, 2025•German Bionic System
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Exoskeleton company German Bionic receives further funding to scale upRobotics and Automation News•Jan 08, 2024•German Bionic System, Mubea, Benhamou Global Ventures, Bayern Kapital and 2 others
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German Bionic raises €15M to develop AI-powered robotic exoskeletons for workplace safetySilicon Canals•Dec 12, 2023•German Bionic System, Mubea, Benhamou Global Ventures, Bayern Kapital and 4 others
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German Bionic debuts Apogee+ powered exoskeletonThe Robot Report•Aug 29, 2023•German Bionic System
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Robotics startup German Bionic now also wants to use its robotic suits for nursing staffBusiness Insider Deutschland•Jun 02, 2023•German Bionic System
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German Bionic launches new smart wearable tools for warehousesLogistics Manager•Jan 03, 2023•German Bionic System
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German Bionic debuts its lightest powered exosuit to date at CES 2023Engadget•Jan 02, 2023•German Bionic System
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EIB backs German robotics company German Bionic with €15M venture debt loanSilicon Canals•Dec 22, 2022•European Investment Bank, German Bionic System
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