Psyonic has created the Ability Hand, a prosthetic device that offers faster and more functional mobility than other prostheses.
Leveraging proprietary bionic technology, this hand replicates touch-sensation for amputees. It uses dynamic fingertip sensors to detect pressure, and uses vibration to communicate sensation. This makes it the first device with multi-touch sensing capabilities — it enables wearers to actually feel what they're touching.
Psyonic was awarded more than two million dollars in grants from the National Science Foundation. Its device is already on the market and it's covered by Medicare, making it accessible at an affordable cost.
Despite some advances in mobility technology, many of today’s options for amputees still fail to deliver in terms of comfort, agility, and controllability. Many people with a limb difference consider hooks to be inconvenient, while 3D-printed, myoelectric, or multi-articulated devices tend to be costly and lack functionality. These options don’t offer the kind of touch feedback that is so important to users.
That’s why Psyonic built something better. It designed its Ability Hand to be lightweight, lightning fast, intuitive, and strong, while also featuring what it believes is the first multi-touch sensing technology of its kind.
By 2050, the global market for prosthetics and orthotics is projected to reach close to three billion dollars. And the robotics industry alone is projected to reach six billion dollars by 2025.
Since launching in 2021, Psyonic has raised more than three million dollars from investors, and earned positive press from several media outlets. It even earned a million-dollar offer from three “sharks” on the hit TV show “Shark Tank.” In 2022, Popular Mechanics, a science and technology magazine, named the Ability Hand the “World’s Most Badass Prosthetic Arm.”
From 2021 to 2023, sales revenue (excluding revenue derived from federal grants) grew by 6x.