German Bionic

About:

German Bionic is a manufacturing firm that develops smart exoskeleton technology that people can wear to augment their physical abilities.

Website: https://www.germanbionic.com

Twitter/X: germanbionic

Top Investors: Benhamou Global Ventures, European Investment Bank, Bayern Kapital, Atlantic Labs, Storm Ventures

Description:

German Bionic is backed by renowned international technology investors such as Samsung Catalyst Fund, Storm Ventures, and MIG, which is also invested in Covid-19 vaccine developer BioNTech. The company and its products are regularly featured in top-tier publications and are the recipients of numerous awards including the German Entrepreneur Award, the Land of Ideas Award, the Automatica Award as well as a nomination for Hannover Messe’s coveted Hermes Award. The German Bionic Cray X is the world’s first connected exoskeleton. Linked to the Smart Factory, it self-learns to reinforce lifting movements and prevent incorrect posture, thus becoming an intelligent link between humans and machines. In doing so, it delivers data that underscores its ability to protect the health of workers, measurably reduce the risk of accidents, and thereby make quantifiable improvements to work processes.

Total Funding Amount:

$64.5M

Estimated Revenue Range:

$10M to $50M

Headquarters Location:

Augsburg, Bayern, Germany

Founded Date:

2017-01-01

Contact Email:

info(AT)germanbionic.com

Founders:

Armin G. Schmidt, Dirk Pöschl, Dr. Peter Heiligensetzer, Michael Halbherr

Number of Employees:

51-100

Last Funding Date:

2023-12-11

IPO Status:

Private

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