What is Psyonic?
Psyonic is at the forefront of prosthetic innovation, dedicated to creating affordable and accessible advanced prosthetic devices. The company's flagship product, the Ability Hand, represents a significant leap forward in prosthetic technology. Originating from research at the University of Illinois at Urbana-Champaign and nurtured through leading industry incubators and accelerators, Psyonic is committed to enhancing the lives of individuals by bringing superior prostheses to the market. The company's mission is driven by the belief that access to high-quality prosthetic solutions should be universal.
How much funding has Psyonic raised?
Psyonic has raised a total of $120K across 1 funding round:
Debt
$120K
Debt (2021): $120K with participation from PPP
Key Investors in Psyonic
PPP
Public-Private Partnership
What's next for Psyonic?
With the recent strategic investment and substantial total funding, Psyonic is poised to accelerate its market penetration and further refine its product offerings. This capital infusion is expected to fuel expansion initiatives, enhance manufacturing capabilities, and support ongoing research and development efforts. The company's focus on affordability and accessibility in the prosthetic market, particularly with its Ability Hand, positions it for significant impact and continued success in the competitive medtech landscape.
See full Psyonic company page
