Psyonic is a San Diego, California based bionic hand manufacturing company. This company was founded by American entrepreneur Dr. Aadeel Akhtar in 2015 and Shark Tank Season 15, founder Aadeel was seeking $1 million for 2% equity. As of 2024, Psyonic’s net worth is $54.23 million.
In this post, you can also know about Psyonic’s funding, investors, company value, revenue, and more…
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Psyonic Net Worth
San Diego, California based bionic limbs manufacturing company Psyonic makes money by selling bionic hand, and this hand cost around $155,500.
American award-winning company Psyonic’s estimated net worth is $53.91 million including goodwill, assets, patents, etc.
Here’s Psyonic’s revenue…
- In 2023, they sold over $1 million
| Company name | Psyonic |
| Founder | Dr. Aadeel Akhtar |
| Founded | 2015 |
| Industries | Prosthetics, Robotics, Haptics, Machine Learning, and AI |
| Headquarters | San Diego, California, United State |
| Products | Bionic Arms |
| Business Type | PVT LTD |
| Patents | 1 |
| Net worth | $ 53.91 Million |
| Company value | $ 100 Million |
| Investors | 4 |
Also read – NuMilk Net Worth 2024, After Shark Tank Update, Revenue, Sales
Psyonic Shark Tank Funding
| Date | 23/02/2024 |
| TV show | Shark Tank Season 15 Episode 15 |
| Asking for | $1M for a 2% stake |
| Final deal | $1 million for 6% equity |
| Sharks in | Lori Greiner, Daymond John and Kevin O’Leary. |
| Sharks out | Mark Cuban, Robert Herjavec, |
Psyonic Shark Tank Pitch, Offer, and Video
Dr. Akar is seeking $1 million for 2% equity to help scale production, as demand for the product exceeds supply. The company has raised $3.6 million in funding so far, including grants and crowdfunding.
However, production is currently limited to about 100 hands per year, and Dr. Akar aims to ramp up to 500 to 1,000 units annually. The product costs $155,500, but Psionic’s manufacturing cost is only $1,800 per hand.
Despite the positive impact of the product, some sharks express skepticism about the company’s valuation, with Mark Cuban particularly questioning the crowdfunding route and the valuation’s sustainability.
Robert Herjavec is also cautious, offering a deal of $1 million for 10% equity, while Lori Greiner and Daymond John offer $1 million for 6% equity but with a twist—non-dilutive preference shares.
After much negotiation, including counteroffers with advisory shares, the deal ultimately settles at $1 million for 6% equity, split between three sharks—Lori, Daymond, and Kevin.
Psyonic After Shark Tank Update
The deal provides Psionic with the capital needed to scale production, helping to meet the increasing demand and expand their impact on the prosthetic and robotics industries.
Website- Psyonic Linkedin – Psyonicinc
FAQs
Did PSYONIC get a deal on Shark Tank?
Yes, PSYONIC get a deal on Shark Tank.
What is the net worth of PSYONIC?
PSYONIC’s net worth is $ 53.91 Million.
Who is the owner of PSYONIC?
Owner of PSYONIC is Dr. Aadeel Akhtar
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