PSYONIC

PSYONIC

Growth Stage

Redefining Human

Redefining Human

Overview

Raised to Date: Raised: $819,279

Total Commitments ($USD)

Platform

StartEngine

Start Date

03/25/2024

Close Date

04/29/2024

Min. Goal
$9,999
Max. Goal
$2,740,129
Min. Investment

$294

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.43

Pre-Money Valuation

$65,067,393

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/27/2024

Days Remaining

2

% of Min. Goal

8,193%

% of Max. Goal

30%

Likelihood of Max
unlikely
Avg. Daily Raise

$24,827

# of Investors

504

Momentum
warm.svg
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Year Founded

2015

Industry

Healthcare & Pharmaceuticals

Tech Sector

Biotech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

San Diego, California

Business Type

Growth

PSYONIC, with a valuation of $65.07 million, is raising funds on StartEngine. The company has leveraged its proprietary bionic technology to develop the world’s first multi-touch sensing bionic hand. The Ability Hand of PSYONIC offers users more functional and faster mobility at a low cost, and replicates touch sensation for amputees. PSYONIC’s Ability Hand is 20% lighter than a human hand and has a 200-millisecond closing speed to give the high performance people deserve. Aadeel Akhtar founded PSYONIC in November 2015. The current crowdfunding campaign has a minimum target of $9,999.45 and a maximum target of $2.74 million. The campaign proceeds will be used for research and development, marketing, manufacturing, operations, and sales and support.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$1,655,166

$652,789

COGS

$810,759

$875,986

Tax

$0

$0

 

 

Net Income

$75,758

$-441,251

Summary Balance Sheet

FY 2022 FY 2021

Cash

$438,919

$158,324

Accounts Receivable

$179,525

$51,300

Total Assets

$1,202,921

$320,520

Short-Term Debt

$21,384

$9,180

Long-Term Debt

$1,615,902

$1,427,500

Total Liabilities

$1,637,286

$1,436,680

Financials as of: 03/25/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PSYONIC 04/28/2024 StartEngine $65,067,393 $819,279 Equity - Common Active RegCF
PSYONIC 01/30/2024 StartEngine $49,937,500 $3,071,185 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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PSYONIC on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $65,067,393
Price per Share: $2.43

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