INVEST IN PSYONIC TODAY!
Redefining Human
$1,610,258.39 Raised
Reasons to Invest
- 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).
overview
Advanced Bionic Technology Made Accessible to All
PSYONIC believes that every individual with a limb difference deserves access to the best available prosthetic devices. Setting out to develop a new kind of bionic hand, our team was founded by an engineer, and sought the expertise of doctors, designers, clinicians, public health experts, and social workers, in order to create technology that would be as accessible as it is innovative.
The result of these efforts is the Ability Hand™ – an affordable, lightweight, multi-articulated bionic hand, with instant sensory feedback so users can truly feel what they touch.
The Problem & our solution
A Revolutionary Solution to a Long-Standing Need
Despite some advances in mobility technology over the past several decades, many of today’s options still fail to deliver in terms of comfort, agility, and controllability. Many people with a limb difference consider hooks inconvenient (source), while 3D-printed, myoelectric, or multi-articulated devices tend to be costly and lack functionality. These approaches don’t offer the kind of touch feedback that is so important to users.
So we built something better. PSYONIC designed the Ability Hand™ to be lightweight, lightning fast, intuitive, and strong, while also featuring what we believe is the first multi-touch sensing technology of its kind. Using dynamic fingertip sensors, the hand detects pressure and uses vibration to communicate sensation, so that users can actually feel what they are touching and work with even the most delicate objects.
The Market & our traction
From Mobility to The Metaverse
Since launching in September 2021, PSYONIC has made some incredible strides. We received a $1 million grant from the National Science Foundation for Small Business Innovation Research (source) as well as positive press from a number of major news organizations. We were even deemed “The World’s Most Badass Prosthetic Arm” by Popular Mechanics in April 2022 (source).
The Ability Hand™ has users throughout the United States, and the number of orders we receive grows every year. Besides the prosthetics industry, we believe there is demand for our products in the robotics and tech market – from clients that include Meta and Apptronik, and our goal is to scale to meet these opportunities, while also continuing to advance the field of bionics.
Two of the Top 5 teams in last year’s ANA Avatar XPRIZE, a $10 million global competition to develop a physical robotic avatar system, used PSYONIC Ability Hands. And the market for such humanoid robots is expected to grow to at least $6 billion by 2035, according to Goldman Sachs.
Why Invest
Invest in Technology that Touches Lives
From its inception, PSYONIC was founded with a mission of redefining what it means to be human, and we believe that the Ability Hand™ is just the beginning. In the near future, our vision is to expand to include other prosthetic limbs and seamless integration with the human neuromuscular system.
The market for our technology is continuing to grow rapidly. We are looking for investors who, like us, believe that everyone should have access to the most advanced prosthetic technology at an affordable price. And for investors who want to get in on the humanoid robotics market. Join our bionic revolution by investing with PSYONIC.
ABOUT
HEADQUARTERS
9999 Businesspark Ave, Suite B
San Diego, CA 92131
WEBSITE
View Site
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 patented bionic technology breakthroughs, the hand replicates touch sensation for amputees. It is accessible to most Americans with upper limb differences because it is covered by Medicare, and it is being used by leading global organizations in their humanoid robotics research.
TEAM
Dr. Aadeel Akhtar
CEO + Founder
Whitney Akhtar, LCSW
Director of Human Resources
Jesse Cornman
Director of Engineering
James Austin, MS
Lead Mechanical Engineer
Anissa Akrout, DPT, ME
Clinical Support Specialist
Lucy Zhang
Director of Operations
TERMS
PSYONIC
Overview
PRICE PER SHARE
$2.35
DEADLINE
Jul 7, 2023
VALUATION
$49.94M
FUNDING GOAL
$10k - $5M
Breakdown
MIN INVESTMENT
$249.10
MAX INVESTMENT
$4,999,998.65
MIN NUMBER OF SHARES OFFERED
4,255
MAX NUMBER OF SHARES OFFERED
2,127,659
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Class B Common Non-Voting
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Time-Based:
Super Early Bird Bonus
Invest within the first two weeks and receive 5% bonus shares
Early Bird Bonus
Invest within the first three weeks and receive 2% bonus shares
Amount-Based:
$500+
Tier 1
Invest $500+ and Join the Owner’s Group, which includes exclusive access to investor updates, webinars, and PSYONIC merch
$1,500+
Tier 2
Invest $1,500+ and Receive 2% Bonus Shares + Join the Owner’s Group
$2,500+
Tier 3
Invest $2,500+ and Receive 3% Bonus Shares + Joint the Owner’s Group
$5,000+
Tier 4
Invest $5,000+ and Receive 5% Bonus Shares + Join the Owner’s Group
$10,000+
Tier 5
Invest $10,000+ and Receive 10% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group
$20,000+
Tier 6
Invest $20,000+ and Receive 20% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group
TTW Reservations:
10% bonus shares for those who reserved shares during the pre-launch TTW phase.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
PSYONIC will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Common Non-Voting Stock at $2.35 / share, you will receive 110 shares of Class B Common Non-Voting Stock, meaning you'll own 110 shares for $235. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and TTW Reservation bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
Example - The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments and salary made to one's self, a friend or relative; Any expense labeled "Administration Expenses" that is not strictly for administrative purposes; Any expense labeled "Travel and Entertainment"; Any expense that is for the purposes of inter-company debt or back payments.
NEW UPDATES
06.05.23
Where next?
Last week, we hit $1.6 million raised! Your support has been tremendous. More fundraising growth to come -- but where do you see us headed next? What event, conference, or group do we need to visit? Let us know in the discussion section and follow us on Facebook or LinkedIn for more.
Not invested yet? You can join our bionic revolution for as little as $250.
PRESS
ALL UPDATES
05.30.23
"Engineering work that is for people."
An incredible bionic hand needs an incredible team behind it. Everyone at PSYONIC is driven to improve every day. And that's why we're going to deliver for the $3 billion bionic limb industry and the $6 billion humanoid robotics industry.
Meet two long-time members of our team, Jesse and Lucy.
Join the team, too. Invest today!
"Engineering work that is for people, helping people." Jesse talks about PSYONIC.
"I never thought I would end up working at a prosthetics company." Lucy talks about PSYONIC.
05.24.23
"Making Miraculous Things Happen"
One of the great parts of being a leading bionics company is attracting amazing talent and passionate people. Over the next few weeks, we'll be introducing you to some of the key members of the PSYONIC team. First up, Anissa and James.
You can be a part of the team, too. Invest today!
"I'm over the moon excited about where this is headed." Anissa talks about PSYONIC.
"Making miraculous things happen." James talks about PSYONIC.
05.19.23
How fast is fast?
Invest in the future of bionics and humanoid robotics with PSYONIC.
We believe the Ability Hand is faster than any bionic hand on the market. But how fast is our 200 millisecond closing speed?
- Faster than the blink of an eye, which takes about 300 milliseconds.
- Faster than a heartbeat, which takes about 800 milliseconds between the end of one and the beginning of the next.
- Faster than a major league fastball making it to home plate, which takes about 400 milliseconds.
According to our users, closing speed is crucial -- it makes a bionic hand easier to use and expands what people can do with it. So we've prioritized it at PSYONIC.
05.15.23
🐠 Visiting with the Lucky Fin Project 🐠
Over the last few weeks, we've had a great visit with the Lucky Fin Project in San Diego, a national support network for people with upper limb differences and their parents, and with clinicians from around the world at the International Society for Prosthetics and Orthotics World Congress in Guadalajara, Mexico. Check out the photos below.
PSYONIC is delivering an incredible bionic hand for the $3 billion bionic prosthetic industry and the $6 billion humanoid robotics industry. Fast, tough, and easy to use, the Ability Hand is used by people with limb differences throughout the United States and researchers around the world.
Invest today for as little as $250.
05.11.23
Why is durability so important to us?
Join 810 PSYONIC investors today.
$1,500 or more gets you bonus shares!
Composites World talked to CEO Aadeel Akhtar about the Ability Hand recently. In the story, he explains why durability is so important to our users -- and to us. He also talks about how we use 3D printing, additive manufacturing, and composites in our design.
“We started talking to patients and clinicians about other hands on the market, made from steel and injection-molded plastic, and the number one complaint was that they break easily, just from everyday small impacts like hitting your hand on the side of a table when you’re walking. Hands in real life are compliant and flexible, but also rigid in places, so we started looking at ways to do this with our hands.”
Help us hit our next milestone! When we reach 300 new investors, we'll earn an email to hundreds of thousands of StartEngine users. The last time one of those emails went out -- when we hit $1 million raised -- we saw an additional $95,000 dollars in committed investments in just one day. These emails are a very powerful way to give PSYONIC a boost, so be sure to tell your friends about PSYONIC and our StartEngine raise. Point them to https://www.startengine.com/offering/psyonic or tell them to follow us on Facebook, Instagram, LinkedIn, and TikTok.
05.07.23
$1.5 million raised
We hit $1.5 million in committed investments last week!
Join our bionic revolution today for as little as $250.
What's pushing PSYONIC into the stratosphere?
- Our vision. We're delivering a tough, multi-touch, easy-to-use bionic hand to people across the country -- at an accessible price that is covered by Medicare.
- Our potential. Goldman Sachs predicts a $6 billion market for humanoid robots by 2035. And robotics researchers at places like Apptronik, Meta, Georgia Tech, and NASA are already PSYONIC clients.
- Our great press. Maybe you caught us on 60 Minutes recently? (We'll stop talking about shaking hands with Scott Pelley someday. But it won't be today.)
- Our growth. Sales revenue quadrupled in 2022, and we're driving to do even more business in 2023 with the investments you're making.
The statements in the article are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this article are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
05.04.23
May the 4th be with you!
Our friends in the KIMLAB at the University of Illinois Urbana-Champaign had a little fun with the Ability Hand and a Boston Dynamics Spot robot. Perfect for Star Wars Day. Check it out!
Join our bionic revolution today.
05.01.23
Ability Hand + NASA's Valkyrie Robot
Take a tour of NASA's Johnson Space Center and check out the PSYONIC Ability Hand in action on the Valkyrie robot in this video. Remotely controlled using a virtual reality interface, Valkyrie is "designed to be a robust, rugged, entirely electric humanoid robot capable of operating in degraded or damaged human-engineered environments," according to NASA.
No time for the video? Here are a few screen-caps to give you a feel for what NASA is up to with the Ability Hand.
From restoring the sense of touch to our users with a limb difference to taking part in future space missions -- we plan to be part of it all! Join our bionic revolution.
The statements in the article are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this article are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
04.26.23
We Shattered Our Fundraising Goal!
Last week, we hit the amount we had previously planned to raise on StartEngine as part of our equity crowdfund campaign. But demand for shares of PSYONIC pushed us way past that number! So we've increased our maximum raise and extended the deadline for investing.
If you were put on a waitlist for shares, your investment will be processed automatically on a first-come, first-acted upon basis. That should happen very soon. If you haven't invested, there's still time. Invest now on StartEngine.
Thank you for your confidence and support! We're thrilled to have had such a strong response to our campaign. The capital we're raising is going to help us increase our manufacturing capacity so that we can deliver the Ability Hand to the users who need it and to make a tremendous impact on the $6 billion humanoid robotics market. Join our bionic revolution today!
Expect more updates soon. And remember, $1,500 or more earns you bonus shares.
04.16.23
At One with His Ability Hand
650 backers strong! Invest in PSYONIC today.
Shaun was the first patient in the world to lose an upper limb to a traumatic injury and undergo agonist-antagonist myoneural interface surgery. It maintains the links between his brain and muscles and makes him feel "at one" with his PSYONIC Ability Hand. A mechanic and Coast Guard veteran, he says he's "doing all the same things in the garage I was doing before and it's not even been a year."
Watch Shaun's story -- made possible with support of the Stepping Strong and Brigham and Women's Hospital -- in this clip from WBZ Boston.
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$249
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.
$500
Tier 1
Invest $500+ and Join the Owner’s Group, which includes exclusive access to investor updates, webinars, and PSYONIC merch
$1,500
Tier 2
Invest $1,500+ and Receive 2% Bonus Shares + Join the Owner’s Group
$2,500
Tier 3
Invest $2,500+ and Receive 3% Bonus Shares + Join the Owner’s Group
$5,000
Tier 4
Invest $5,000+ and Receive 5% Bonus Shares + Join the Owner’s Group
$10,000
Tier 5
Invest $10,000+ and Receive 10% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group
$20,000
Tier 6
Invest $20,000+ and Receive 20% Bonus Shares + 30-minute call with CEO/Founder Aadeel Akhtar + Join the Owner’s Group
JOIN THE DISCUSSION
0/2500
PINNED BY STARTUP
Benjamin Shortreed
7 months ago
As an upper limb amputee that has used, researched, a followed many of the devices in the marketplace, PSYONIC'S Ability Hand is genuinely one of, if not the best multiarticulate hands currently available. What is exciting to me about this investment is upper limb amputations account for a small fraction of the overall amputee population, which is around 2-3%. PSYONIC also has a roadmap to enter the lower limb market and is aligned with robotic focused companies to purchase their products. In addition to the medicare approval of the Ability Hand, there is little question of increased valuation of this stock in my mind.
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Timothy huckaby
6 days ago
What are you streams of revenue? what are you gross and net margins? Who are your competitors? How are you truly different. Yourain differentiator. How do you plan to scale ? How will you market? What percentage for marketing? How will you reduce operations cost if they can be reduce even some? how will you increase margins? Lastly what other categories do you like or potentially or for sure want to further expand into very interested in your company potential investment..thanks for your time and opportunity appreciate great concept and idea...Lastly if you can comment on just a ball park figure on where you think revenues could be in the next one two three year time frame not exact just estimated orreali
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Yosef Hertz
96 INVESTMENTS
a month ago
Are you accepting over subscriptions, is there a purpose to investing now that your at the max?
1
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Jared Whitener
62 INVESTMENTS
2 months ago
I’m glad I was able to meet you at SXSW earlier this year and see the Ability Hand in person. I was impressed enough to invest, and am happy this raise has been successful and appears to have reached the max. Keep up the great work!
Jared
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Janardhan dumpeti
2 months ago
Hi Aadeel, congratulations !! to team Psyonic for reaching the target on StartEngine, when are you planning for the 2nd round of funding and what will be the expected share price going to be?Thanks
1
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Edward McIntyre
7 INVESTMENTS
2 months ago
1. I would like to get more understanding from you guys as far as an IPO is concerned... do you have an IPO team on board and if so, WHO are they, HOW much experience do they have at exiting ... please disclose info on them?
2. Where are you guys contractually with other companies on future projects?
3. What do your future projections look like on everything [other than] amputees, ie; robots, singular parts, subscriptions, more patents and or contracts with the military and too include other companies in the private sector that find your company relevant to their needs?
I am on the fence ready to buy but, just need to get a better feel on your thinking on where new money can and is scheduled to come from starting 5 yrs from this point.
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Niren Narang
2 months ago
Hello Aadeel:
Happy to join you on this journey.
ILL
1
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Janardhan dumpeti
2 months ago
Hi Adele, Hope the manufacture of the bionic hands is going as planned and just want to know how many have you sold this year? This one I saw on BBC thought May be it will give you some information reg Bionic hands made with 3 D tech. https://www.bbc.com/news/world-europe-65145482.amp
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Michael Kreindler
2 months ago
Adele Akhtar, I am a retired physician and I was amazed about your bionic hand with tactile sensation. I am interested in knowing if your company is working with individuals that have lower limbs paralysis or missing part of their lower limbs. I am invested in an Israeli company called ReWalk Robotics that aids individuals with lower limb paralysis aiding them in walking. Is your company collaborating with any companies like this one.
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Steven Moynihan
5 months ago
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