PSYONIC, Inc.

CHAMPAIGN, IL · Founded 2015 · CIK 0001759211 · Medtech · Private

Electrotactile stimulator device with closed-loop sensory feedback control system for bionic prosthetic hands

psyonic.io →
Grants
$2.6M
4 awards
Sector median: 1
Raised
$150K
2 Form D · Dec 2018
94 months since last filing
Contracts
—
No federal contracts on record
Patents
12
6 granted · 6 pending
Sector median: 2

Capital Timeline

Federal above the line · equity below · node area scaled to amount
Capital and federal award history
DateEventSourceAmount
Federal grantNational Science Foundation · Phase I · SBIR Phase I: Development and Evaluation of a Robust, Compliant, Sensorized Prosthetic Hand$225,000
Private capital raisedForm D · SEC$50,000
Private capital raisedForm D · SEC$100,000
Federal grantNational Science Foundation · Phase I · SBIR Phase I: A compact electrotactile sensory feedback system for upper limb prostheses$225,000
Federal grantNational Science Foundation · Phase II · SBIR Phase II: Development and Evaluation of a Robust, Compliant, Sensorized Prosthetic Hand$943,162
Federal grantNational Science Foundation · Phase II · SBIR Phase II: A compact electrotactile sensory feedback system for upper limb prostheses$1,199,992
Federal grant · SBIR/STTRForm D · SEC

Peer position

Medtech · 4531 companies · ranked on federal contract value
Medtech companies ranked by federal contract value
#CompanyContractsDisclosed equity
1085Orange Photonics, Inc.—$1.9M
1086DropletPharm Inc.——
1087EMANATE WIRELESS, INC.—$1.0M
1088PSYONIC, Inc.—$150K
1089Eye Academy of America Ltd.—$4.0M
1090smallTalk Technology, Inc.—$1.1M
1091Bansen Labs LLC—$300K

Ranked on federal contract value rather than capital raised. The equity column is the comparison worth making — companies at the same procurement position often sit at very different points in their funding history.

Founders & Team

From Form D filings · 1 related persons
  • Aadeel AkhtarExecutive Officer

Patents

USPTO · 6 granted of 12

Regulatory activity · Medtech

Sector-level, not company-level

Rules are matched to sector, not to company. Recent activity in a sector is context rather than a signal about this business — until rules are matched to what a company actually builds, the section is shown as context and nothing more.