PSYONIC’s equity raise reaches $1 Million

Bionic technology company PSYONIC announced today that its crowdfunded equity campaign has raised more than $1 million to date. The fundraising round supports the ongoing development and delivery of its breakthrough bionic hand.

Launched nationally in 2021, PSYONIC’s Ability Hand was called the “world’s most badass prosthetic” by Popular Mechanics and a “miracle in the works” by CNBC in 2022. It was also featured on 60 Minutes earlier this year.

The tough, light-weight Ability Hand is the only multi-touch sensing bionic hand on the market, and it closes faster than the blink of an eye – in about 200 milliseconds. It is made in the United States and is covered by Medicare, making it much more affordable and accessible than any other advanced bionic hand on the market.

The crowdfunded equity campaign is open to new investors. Anyone over the age of 18 can now buy shares of PSYONIC through StartEngine with a minimum investment of just under $250 dollars.

The bionic limb market is expected to grow to almost $3 billion in the next eight years, and PSYONIC’s Ability Hand is in high demand among robotics researchers as well. NASA, Meta, and Apptronik are all clients of PSYONIC.

PSYONIC is a bionic technology company based in San Diego. Leveraging proprietary bionic breakthroughs, PSYONIC’s Ability Hand offers those with limb differences the high-performance solution they deserve. The Ability Hand is the fastest and only multi-touch sensitive bionic hand on the market. With it, users can feel sensation from multiple areas of their bionic fingers when they touch an object. PSYONIC was founded by Dr. Aadeel Akhtar, who was named one of MIT Technology Review’s top 35 Innovators Under 35 and America’s Top 50 Disruptors in Newsweek in 2021.