Event

PSYONIC closes $3.1M StartEngine equity campaign

Jan 31, 2024 · Funding · PSYONIC · End Effectors

  • PSYONIC said its crowdfunded equity campaign on StartEngine closed with more than $3.1 million raised from roughly 2,100 individual investors.
  • The company said 2023 sales revenue exceeded $1.5 million and that it had tripled staff during the year.
  • PSYONIC also said named buyers of Ability Hands in 2023 included Apptronik, Figure AI, and Hexagon.

PSYONIC develops advanced robotic hand hardware centered on the Ability Hand, a high-speed multi-articulating hand with integrated touch sensing. While the company has a strong prosthetics market presence, its hardware is also used in robotics, embodied AI, and manipulation-training workflows. That makes its robotics relevance clearest at the finished hand / end-effector layer rather than as a full robot builder.

Company
PSYONIC
Segment
End Effectors
Event type
Funding
Geography
San Diego, California · United States