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Symbionic

Symbionic tech is the brainchild of Rishi Krishna, a 27 year old entrepreneur who works with his team to build bionic arms for people with missing limbs.
HealthTech / MedTech / Healthcare  
Products and Services
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Basic Information
Symbionic’s idea is to build custom-made bionic arms for people at a very affordable cost with the help of artificial intelligence to help them overcome their sense of loss, be more confident about themselves and feel empowered, Further, Symbionic aims to improve the quality of life for amputees by building high end, cost-effective assistive technology. As its flagship product, it aims to engineer an affordable and user intuitive electromechanical prosthetic arm for trans-humeral (above elbow) amputees, controlled through a sensor network consisting of electromyography and stretch sensors with Artificial Intelligence (AI) based pattern recognition at its core.
Legal Name
:
Symbionic Tech Private Limited
Headquarters
:
Chennai, Tamil Nadu, India
Business Model
:
B2C,  B2B,  B2B2C,  B2G  
Founding Date
:
2019
No. of Employees
:
<10
Core Team
:
1.  
Rishi Krishna
Co-founder & CEO
2.  
Niranjan Kumar
Co-founder & CTO
Timeline

2019

Accelerator / Incubator Program

Jun | Accelerator / Incubator Program

Got incubated at VIT-TBI, Vellore

Company Incorporation

Oct | Company Incorporation

Registered as a pvt. ltd. company.

2021

Raised Funding

Mar | Raised Funding

Raised Pre-seed from BIRAC

Revenue Stream
E-commerce - Product
Licensing
Physical Commerce
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Target Market
B2B
Prosthetic Clinic, Hospitals (Ortho), Non-profits (disability)
Client Segment
:
HealthTech / MedTech / Healthcare  
Target Companies
:
Small Enterprise,  Medium Enterprise,  Large Enterprise,  Startup  
Target Geography
:
India,  India Tier 1,  India Tier 2,  India Tier 3,  Asia Pacific  
B2C
People with upper limb amputation
User Age
:
Less than 18,  18 to 25,  26 to 34,  35 to 45,  46 to 60  
User Income
:
Lower-middle Income,  Upper-middle Income,  High Income,  Lower Income  
Location
:
India,  India Tier 1,  India Tier 2,  India Tier 3,  Asia Pacific  
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Funding

Total Funding

$55.0k

Investors
:
1.  
NIDHI PRAYAS
2.  
DST-Government of India
3.  
BIRAC
Detail Round Breakdown
Round 1

$200k

Series Name
:
ANGEL
Date
:
28th Feb 2022
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