Fundraising Fox

Harmonic Bionics

acquired by Bioness

Austin, US · Founded 2016 · Delaware corporation · 1 known investors

Harmonic Bionics develops Harmony SHR, a robotic system for upper extremity rehabilitation used to treat patients recovering movement, and partners with distributors outside the US. The company operates in the medical robotics and rehabilitation technology field.

Digital HealthMedical DevicesRobotics

Founders & leadership

Harmonic Bionics was founded in 2016 by Ashish Deshpande and Youngmok Yun.

AD
Ashish DeshpandeCo-founder
YY
Youngmok YunCo-founder
CP
Christopher PrenticeNamed on SEC filing
AB
Adam BermanNamed on SEC filing

Board

PYPhil Yoon
Phil YooninBoard directorGeneral Partner at Big Basin Capital

Investors · 1

Big Basin CapitalCupertino · $1M

Reported raises · per SEC filings

Form D private placements

$10.4M disclosed across 2 rounds · 2021–2022

▶$3MraisedJun 2022 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Adam BermanDirector
  • Christopher PrenticeExecutive Officer, Director
  • Ashish DeshpandeExecutive Officer, Director
  • Phil YoonDirector
  • Youngmok YunExecutive Officer, Director
Offering amount
$7M
Amount sold
$3M
First sale
May 2022
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$7.4MraisedMar 2021 · 29 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Christopher PrenticeExecutive Officer, Director
  • Ashish DeshpandeExecutive Officer, Director
  • Youngmok YunExecutive Officer, Director
  • Adam BermanDirector
  • Phil YoonDirector
Offering amount
$11.3M
Amount sold
$7.4M
First sale
Mar 2021
Incorporated
Corporation, Delaware, 2016
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 4

by search overlap
Open Bionics19 shared keywordsOpen Bionics develops 3D-printed bionic hands called the Hero Arm, designed to be affordable, functional, and aesthetically appealing alternatives to traditional prostheses. The company serves individuals with upper limb differences and limb loss, operating in the medical devices and assistive technology space.
PSYONIC13 shared keywordsPSYONIC develops the Ability Hand, a touch-sensing bionic hand with sensory feedback and motor control for prosthetic users and robotics applications. The company positions the device as faster than other bionic hands and priced to be covered by Medicare and most private insurers.
NeuroBionics12 shared keywordsNeuroBionics develops soft, flexible neural interface technologies for neuromodulation applications. The company translates bioelectronic devices from preclinical research toward first-in-human studies and commercialization.
Harmonic Discovery8 shared keywordsHarmonic Discovery applies medicinal chemistry, cheminformatics, data science and machine learning expertise to advance drug discovery. The company is supported by investors at the intersection of technology, biology and medicine.

Companies competing with Harmonic Bionics for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 1 SBIR/STTR award

Federal grants — no equity taken
AgencyPhaseYearAmount
National Science FoundationPhase I2018$225K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Frequently asked questions

What does Harmonic Bionics do?
Harmonic Bionics develops Harmony SHR, a robotic system for upper extremity rehabilitation used to treat patients recovering movement, and partners with distributors outside the US. The company operates in the medical robotics and rehabilitation technology field.
Who founded Harmonic Bionics?
Harmonic Bionics was founded by Ashish Deshpande, Youngmok Yun in 2016.
Who are Harmonic Bionics's investors?
Harmonic Bionics's investors include Big Basin Capital.
How much funding has Harmonic Bionics raised?
Harmonic Bionics has disclosed $10.4M raised across 2 rounds.
Who acquired Harmonic Bionics?
Harmonic Bionics was acquired by Bioness.
Where is Harmonic Bionics headquartered?
Harmonic Bionics is headquartered in Austin, US.