PSYONIC

PSYONIC

Growth Stage

Redefining Human

Redefining Human

Overview

Raised this Round: Raised: $1,039,609

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

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
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PSYONIC 04/28/2024 StartEngine $65,067,393 $1,039,609 Equity - Common Funded RegCF
PSYONIC 01/30/2024 StartEngine $49,937,500 $3,071,185 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

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.

Valuation History

Price per Share History

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

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
PSYONIC on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $65,067,393
Price per Share: $2.43

Follow company

Follow PSYONIC on StartEngine 2024

Buy PSYONIC's Deal Report

Warning: according to the close date for this deal, PSYONIC may no longer be accepting investments.

PSYONIC Deal Report

Get KingsCrowd’s comprehensive report on PSYONIC including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether PSYONIC is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the PSYONIC deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge