PSYONIC

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Security Type
Equity
Categories
Healthcare & Medical, Industrial, Technology
Min Investment
$294
Location
San Diego, CA
Offering Date
June 15, 2022
Expected Close Date
April 29, 2024
Target Raise
$10.00K-$2.74M
No. Investors
1813
Security Price
$2.43
Valuation
$49,937,500
Website
startengine.com
Number of Employees
21
Cash
$438,919
Revenue
$1,655,166
Short Term Debt
$21,384
Cost of Goods
$810,759
Long Term Debt
$1,615,902
Net Income
$75,758

Company Description

StartEngine Collectibles brings you an opportunity to diversify your portfolio with Salvador Dali, Cavaliers sur la plage (recto), Equisse d'un chevalier avec lance (verso), 1937, gouache, pen and brush, and India ink on light brown paper (recto), pen and India ink (verso), 30 7/8 x 22 7/8 inches. Please note Owner’s Bonus members have priority for this investment for the first 7 days.

Key Deal Facts

PSYONIC’s Ability Hand™ offers those with limb differences the high-performance solution they deserve. We designed our bionic hand to be the fastest, and believe that it is the first of its kind to offer true multi-touch sensitivity (source). The Ability Hand is also a great match for the robotics industry and is selling hands to leaders in that field, including Apptronik and Meta. Goldman Sachs estimates that the market will grow to $6 billion by 2035 (source). The global market for prosthetics and orthotics is approaching the $2.8 billion mark and has the potential to expand as a population of about 3.5 million people are estimated to potentially experience limb loss by 2050 (source). Prioritizing affordability, PSYONIC has worked diligently to ensure that our products cost less (source) and are covered by Medicare as well as private insurance (source).

Management Team / Advisory Board Bios

Dr. Aadeel AkhtarCEO + FounderFounder and CEO Dr. Aadeel Akhtar is all in on creating a bionic revolution. That revolution is going to deliver the best prosthetic devices at an affordable price and ensure that the robots of the future can work well in environments that are designed for humans. He founded PSYONIC while in graduate school and left medical school to make sure that the company would thrive. Aadeel was named one of MIT Technology Review’s top 35 Innovators Under 35 and America’s Top 50 Disruptors in Newsweek in 2021. He earned a BS in biology and an MS in computer science from Loyola University Chicago and an MS in electrical and computer engineering and a PhD in neuroscience from the University of Illinois Urbana-Champaign., Whitney Akhtar, LCSWDirector of Human ResourcesExperienced social worker and mental health/trauma care expert Jesse CornmanDirector of EngineeringAward-winning engineer, tinkerer, and hacker with over 10+ years of experience building robots James Austin, MSLead Mechanical EngineerAward-winning engineer from one of the world's top prosthetic research labs at the University of Alberta Anissa Akrout, DPT, MEClinical Support SpecialistDoctor of physical therapy and biomedical engineer Lucy ZhangDirector of OperationsManufacturing efficiency expert with engineering degree from the University of Illinois at Urbana-Champaign

Amount Raised : $744,167
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Security Description

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