Psyonic is an affordable bionic artificial limbs company. This business was founded in 2015 by Aadeel Akhtar and his team. Akhtar got this business idea at the age of 7 when he went to Pakistan with his parents and there he saw an amputee for the first time.
He started PSYONIC when he was in his college. He along with his team of engineers and doctors created a flagship product called Ability Hand. Launched crowdfunding campaign on StartEngine and raised $15k+ investment. By February 2, 2024, they have raised a total of $3.1 million.
In 2015, he received $10k for his 1st place university-funded startup in the Cozad New Venture Competition. In 2020, NSF Phase II SBIR made a $937k grant investment. He needed a lot of investment so he appeared on Shark Tank Season 15 Episode 15 and asked the Sharks for $1 Million for 2% equity at a $50 Million Valuation.
What Is Psyonic?
Psyonic’s product Ability Hand is the world’s first touch-sensing bionic hand. A sensor has been inserted in the finger tips of this Ability Hand. It detects pressure and sends vibrations to the Arm. This hand is water resistant, lightweight, multi-articulated, tough, Bluetooth compatible and more. The cost of this product can be around $10k to $20k.
| Company Name | Psyonic | |
| Founder | Aadeel Akhtar | |
| Founded | 2015 | |
| Product | Bionic Artificial Limb | |
| Asked For | $1M for 2% equity | |
| Final Deal | $1M for 6% equity | |
| Shark |    | |
| Episode (Shark Tank USA) | S15 E15 | |
| Air Date | Feb 23, 2024 | |
| Business Status | In Business | |
| Website | Visit Website | |
| Headquarters | San Diego, California, USA | |
| Lifetime Worth (Sales) | $1M *estimated | |
| Buy and Watch | Buy Now | Amazon Prime |
Another Shark Tank Pitch
Who Is The Founder Of Psyonic?
Aadeel Akhtar is the founder and CEO of Psyonic Company. He is a PhD holder. He completed his Doctor of Philosophy (PhD), Neuroscience studies from the University of Illinois Urbana-Champaign.
Psyonic Shark Tank Update
After entering Shark Tank, Akhtar has told the sharks about the feature plan of his company and has also revealed how much investment he has raised till now. This business requires a lot of money and also marketing.
What Is Psyonic’s Net Worth?
Psyonic’s net worth is estimated at $10 million. Globally traumatic amputation is increasing. In 2019 it was 552.45 million. The number of people with limb loss in the United States alone is 2.1 million people and is estimated to double by 2050.
Annual Revenue by Years
Note: This report is based on our research and data so far. In this, we are only estimating the annual revenue.
| Years | Annual Revenue |
| 2024 | *estimated |
Funding Reports to Date!
| Years | Funding Amount | Investor |
| N/A | N/A | N/A |
Is Psyonic Still In Business?
According to the official Instagram post of Psyonicinc, over $3.1 million had been raised by February 2024. Thousands of individual investors have invested in this company.
The current headquarters of this company is in San Diego, California, United States and 11-50 employees are working in it.
Yes, Psyonic is still in business as of February 2024.
frequently asked questions
Who is the Founder of Psyonic?
Psyonic was founded by Aadeel Akhtar.
Did Psyonic get a deal on Shark Tank?
Yes, Psyonic get a deal on Shark Tank
