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High Tech Seed Founded 2017

Bionic Yantra

Bionic Yantra is a medical robotics company that develops wearable robotic exoskeletons for rehabilitation and personal mobility. The company offers two product variants: the Robotic Exoskeleton Assisted Rehabilitation System (REARS) for hospital use, which accelerates rehabilitation to one-third the standard time, and a Personal Mobility Device for post-hospital use that enables paraplegic and hemiplegic patients…

📍 Chadds Ford, United States · Wearable Technology,

Funding snapshot

Last roundSeed
Amount$622K
Date5 May 2019
Total raised$2M
Valuation3,755,474 (May 5, 2019)

About

Bionic Yantra is a medical robotics company that develops wearable robotic exoskeletons for rehabilitation and personal mobility. The company offers two product variants: the Robotic Exoskeleton Assisted Rehabilitation System (REARS) for hospital use, which accelerates rehabilitation to one-third the standard time, and a Personal Mobility Device for post-hospital use that enables paraplegic and hemiplegic patients to perform activities of daily living independently. The exoskeleton is a battery-powered wearable suit controlled by motors, drives( and mechanisms programmed to provide calibrated on-demand assistance and resistance for limb movement. The platform integrates Internet of Things and Machine Learning to automate measurement of patient progress and documentation( enabling objective and transparency in rehabilitation. The technology also includes MARS robotic self-propelled non-contact mobility assistive devices for 100% fall-safe early mobilization of neurological( orthopaedic( and intensive care patients( The company serves spinal cord injury and stroke patients with potential expansion to other conditions( Founded in 2017 and headquartered in Bengaluru( India with a US office in Chadds Ford( Pennsylvania( the company has raised approximately $1.9M in seed funding from investors including Social Alpha and KITVEN.

Business model

Consumer Robotics > Healthcare > Robotic Assistance > Mobility & Rehabilitation,

Wearable Technology > Health and Wellness Devices > Rehabilitation,

Professional Service Robots > Healthcare > Rehabilitation,

Assistive Tech > Assistive Hardware > Mobility > Powered exoskeletons,

Orthopedics > Medical Devices > Therapies > Rehabilitation > Exoskeleton

Team background

Company Wise > Morgan Stanley,

College Wise > Indian Institute Of Management–Lucknow

Institutional investors

Social Alpha KITVEN Anand Kumar Tridip Roy Chowdhury Ashok Saaragur Rajanna Dharmarajan Shashi Bhaskara Krishnamurthy Vasuddevareddy Bhoosupalli Athyanth Mahadevan Basavaraju Noolvi Rajavel Manoharan Satish Narayana Swamy Rashmi Nijagunamurthy Satish Natarajan Shashi Shekhar

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