Psyonic Secures Investment on 'Shark Tank'

The loss of a limb presents significant challenges, and while prosthetic options exist, accessibility and quality are key concerns. Psyonic, featured on Season 15 of 'Shark Tank,' aimed to address these issues with its innovative bionic hand.

The Ability Hand: Innovation and Features

Founded in 2015 by Dr. Aadeel Akhtar, Psyonic developed the Ability Hand, a bionic hand distinguished by its touch-sensing capabilities, durability, and speed. Dr. Akhtar presented the company to the 'Sharks' – Daymond John, Kevin O'Leary, Lori Greiner, Mark Cuban, and Robert Herjavec – in Episode 15.

A Successful Pitch

The pitch proved successful, resulting in a combined $1 million investment from John, O'Leary, and Greiner for a 6% equity stake in Psyonic. Cuban and Herjavec did not participate in the investment.

Growth and Funding Following 'Shark Tank'

Prior to the February 2024 'Shark Tank' appearance, Psyonic had already raised $3.6 million, including funds from a StartEngine crowdfunding campaign, and secured $2.4 million in grant funding, with an additional $2.7 million scheduled for 2025.

FDA Approval and Market Traction

The 'Sharks' were impressed to learn the Ability Hand was already available for sale and registered with the Food & Drug Administration (FDA), with Medicare coverage in the United States. Approximately 100 users were already utilizing the hand, generating around $2 million in sales and $100,000 in profit.

Investment Finalization

The investment deal with Lori Greiner, Daymond John, and Kevin O'Leary was officially recorded in February 2025 on PitchBook. Psyonic also secured further funding from StartEngine, totaling $4.1 million at a $65 million valuation before the deal’s finalization in April 2024.

Expanding Production and Impact

As of 2025, Psyonic employs nearly 50 people, a significant increase from seven employees just over three years prior. Manufacturing capacity has also expanded, now producing 150 Ability Hands per month, up from 100 per year before the 'Shark Tank' appearance.

Future Goals and Technology

The company aims to manufacture 10,000 hands annually. Over 50 robotics companies globally utilize Psyonic’s technology, and the Ability Hand has been adopted by over 250 users. Psyonic is collaborating with Nvidia to develop artificial intelligence (AI) models to enhance robot dexterity.

Continued Leadership

Dr. Aadeel Akhtar remains CEO and founder, actively promoting the company through speaking engagements and social media. The Ability Hand remains readily accessible through a form on the company website.