PSYONIC - About the company
PSYONIC is a seed company based in Champaign (United States), founded in 2015 by Aadeel Akhtar. It operates as a Developer of bionic limbs for people with amputations. PSYONIC has raised $2.19M in funding, with a current valuation of $*****. The company has 226 active competitors, including 45 funded and 11 that have exited. Its top competitors include companies like CIONIC, Proteor and BionicM.
Company Details
Developer of bionic limbs for people with amputations. Its product offering is called Ability Hand which is a bionic hand with a multi-articulated prosthesis and multi-touch feedback.
- Website
- www.psyonic.io/
- Social
- Email ID
- *****@psyonic.co
- Registered Address
- 9999 BUSINESSPARK AVE, SUITE B, SUITE B, SAN DIEGO, CA
Key Metrics
Founded Year
2015
Location
Champaign, United States
Stage
Seed
Total Funding
$2.19M in 6 rounds
Latest Funding Round
Post Money Valuation
$***** as on Aug 07, 2024
Investors
Ranked
18th among 226 active competitors
Annual Revenue
$1M - $10M as on Dec 31, 2023
Employee Count
39 as on May 31, 2026
Legal entities associated with PSYONIC
PSYONIC is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Psyonic, Inc. CIN: 0001759211 , United States, Active | $1M - $10M (As on Dec 31, 2023) | 21 (As on Dec 31, 2023) | - |
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PSYONIC's funding and investors
PSYONIC has raised a total funding of $2.19M over 6 rounds. Its first funding round was on Mar 16, 2016. Its latest funding round was a Angel round on Feb 26, 2024 for $*****. 3 investors participated in its latest round. PSYONIC has 4 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of PSYONIC:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 26, 2024 | 3112704 | Angel | 5117023 | 2625255 | 3951488 | 5986214 |
Nov 14, 2022 | 5552739 | Seed | 5487332 | 3782068 | 7245295 | 3853997 |
Feb 15, 2020 | 9554645 | Grant (prize money) | 9741013 | 5287496 | 3325764 |
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PSYONIC's founders and board of directors
Founder? Claim ProfileThe founders of PSYONIC is Aadeel Akhtar.
Here are the details of PSYONIC's key team members:
- Aadeel Akhtar: Founder & CEO of PSYONIC and founder of 1 other company. Contact Info: 1 email address
View details of PSYONIC's Founder profiles and Board Members
PSYONIC's employee count trend
PSYONIC has 39 employees as of May 26. Here is PSYONIC's employee count trend over the years:
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PSYONIC's Competitors and alternates
Top competitors of PSYONIC include CIONIC, Proteor and BionicM. Here is the list of Top 10 competitors of PSYONIC, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  CIONIC 2018, Scotts Valley (United States), Series A | Provider of bionic clothing for mobility impairment | $32.3M | 59/100 | |
2nd | Developer of prostheses and orthoses devices for orthopedic supports | - | 59/100 | ||
3rd | Developer of prosthetic to assist knee and ankle movements | $11M | 58/100 | ||
4th | Developer of robotic arms for personal assistance and research purposes | $57M | 57/100 | ||
5th |  Epica International 2014, San Clemente (United States), Series B | Provider of robotic CT platforms for healthcare and industrial applications | $25.7M | 56/100 | |
6th |  Aether Biomedical 2016, Poznan (Poland), Series A | Developer of a bionic limb for performing multiple tasks | $10.3M | 51/100 | |
7th |  Axiles Bionics 2018, Brussels (Belgium), Series A | Provider of ankle-foot prosthesis for specially abled people | $6.91M | 51/100 | |
8th | Developer of orthopedic bracing and support products | - | 49/100 | ||
9th |  Blatchford 1890, Basingstoke (United Kingdom), Acquired | Provider of lower limb prosthetics for amputees and their caregivers | - | 49/100 | |
10th | Open Bionics 2014, Bristol (United Kingdom), Series A | Manufactures robotic prosthetic hand | $6.98M | 48/100 | |
18th |  PSYONIC 2015, Champaign (United States), Seed | Developer of bionic limbs for people with amputations | $2.19M | 43/100 |
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PSYONIC's Investments and acquisitions
PSYONIC has made no investments or acquisitions yet.
Reports related to PSYONIC
Here is the latest report on PSYONIC's geography:
News related to PSYONIC
Media has covered PSYONIC 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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PSYONIC and ABB Robotics Partner to Enhance Robot Dexterity with Human TouchThe Robot Report•Jun 16, 2026•ABB, Nvidia, PSYONIC
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Startup building a better bionic hand officially hits the marketThe Business Journals•Sep 02, 2021•PSYONIC
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