PSYONIC

Redefining Human

Print
Claim My Business
Categories
Healthcare/Medical, Data/Analytics, Engineering, Technology
Min Investment
$249
Location
SAN DIEGO, CA
Offering Date
October 24, 2022
Expected Close Date
April 30, 2023
Target Raise
$10.00K-$1.23M
No. Investors
831
Security Price
$2.35
Valuation
$49,937,500
Website
psyonic.io
Number of Employees
9
Cash
$158,324
Revenue
$652,789
Short Term Debt
$89,424
Cost of Goods
$872,488
Long Term Debt
$1,427,500
Net Income
$441,251

Company Description

The Ability Hand™ by PSYONIC is an in-market prosthetic hand that offers users faster and more functional mobility at a fraction of the cost. Leveraging proprietary bionic technology breakthroughs, the hand replicates touch sensation for amputees, and is accessible to most Americans with upper limb differences because it is covered by Medicare.

Perks

Select this bonus

$249+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.




Select this bonus

Super Early Bird Bonus
Invest within the first two weeks and receive 5% bonus shares





13
days

10
hours

56
mins

20
secs





Select this bonus

$500+ Investment
Tier 1
Invest $500+ and Join the Owner’s Group, which includes exclusive access to investor updates, webinars, and PSYONIC merch



Select this bonus

$1,500+ Investment
Tier 2
Invest $1,500+ and Receive 2% Bonus Shares + Join the Owner’s Group



Select this bonus

$2,500+ Investment
Tier 3
Invest $2,500+ and Receive 3% Bonus Shares + Joint the Owner’s Group



Select this bonus

$5,000+ Investment
Tier 4
Invest $5,000+ and Receive 5% Bonus Shares + Join the Owner’s Group



Select this bonus

$10,000+ Investment
Tier 5
Invest $10,000+ and Receive 10% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group



Select this bonus

$20,000+ Investment
Tier 6
Invest $20,000+ and Receive 20% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group

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). For what we believe is the very first time with a commercially available bionic hand, users can feel a vibration from multiple areas of the fingers when they touch an object!

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).

Perks

Select this bonus

$249+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.




Select this bonus

Super Early Bird Bonus
Invest within the first two weeks and receive 5% bonus shares





13
days

10
hours

56
mins

20
secs





Select this bonus

$500+ Investment
Tier 1
Invest $500+ and Join the Owner’s Group, which includes exclusive access to investor updates, webinars, and PSYONIC merch



Select this bonus

$1,500+ Investment
Tier 2
Invest $1,500+ and Receive 2% Bonus Shares + Join the Owner’s Group



Select this bonus

$2,500+ Investment
Tier 3
Invest $2,500+ and Receive 3% Bonus Shares + Joint the Owner’s Group



Select this bonus

$5,000+ Investment
Tier 4
Invest $5,000+ and Receive 5% Bonus Shares + Join the Owner’s Group



Select this bonus

$10,000+ Investment
Tier 5
Invest $10,000+ and Receive 10% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group



Select this bonus

$20,000+ Investment
Tier 6
Invest $20,000+ and Receive 20% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group

Management Team / Advisory Board Bios

Whitney Akhtar, LCSW



Director of Human Resources


Experienced social worker and mental health/trauma care expert












Jesse Cornman



Director of Engineering


Award-winning engineer, tinkerer, and hacker with over 10+ years of experience building robots












James Austin, MS



Lead Mechanical Engineer


Award-winning engineer from one of the world's top prosthetic research labs at the University of Alberta












Anissa Akrout, DPT, ME



Clinical Support Specialist


Doctor of physical therapy and biomedical engineer












Lucy Zhang



Director of Operations


Manufacturing efficiency expert with engineering degree from the University of Illinois at Urbana-Champaign
Amount Raised : $1,572,461
Reveal the Score by Voting
_
Not enough ratings to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Research Reports

No reports have been submitted

Become a Reporter

0 Comments