# Harmonic Bionics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/harmonic-bionics

- Industry: Healthcare IT
- Headquarters: Austin, US
- Website: www.harmonicbionics.com
- Total disclosed funding: $9.8M
- Latest round: Series A (Mar 11, 2021)
- Investors on record: 9

## About

Harmonic Bionics, Inc. develops advanced rehabilitation robotics, specifically the Harmony SHR, designed to enhance therapy for patients with musculoskeletal and neurological conditions.Founded in 2016 and headquartered in Austin, US, Harmonic Bionics, Inc. specializes in robotic rehabilitation solutions. The company has executed 3 deals, with its latest funding round occurring on May 27, 2022, where it raised USD 3.000 mn from CUREXO, INC. The founders, Ashish Deshpande and Youngmok Yun, have positioned the firm to focus on technological advancements in rehabilitation.Harmonic Bionics specializes in advanced rehabilitation robotics, focusing on the Harmony SHR, a bilateral upper extremity robotic rehabilitation system that facilitates shoulder therapy by promoting natural movement. This innovative device provides about 85% of the shoulder's natural range of motion and is utilized in healthcare settings such as rehabilitation hospitals and outpatient clinics, primarily targeting physical and occupational therapists in North America and select European regions.Harmonic Bionics generates revenue through the sale and potential lease of the Harmony SHR robotic systems to healthcare institutions. Transactions are made via direct sales to hospitals and rehabilitation centers where the systems are integrated into therapy programs. The company may also form partnerships with these institutions, providing training and ongoing support for the technology to improve patient outcomes and recovery processes.Following the USD 3.000 mn funding round on May 27, 2022, Harmonic Bionics plans to utilize these resources to enhance its product pipeline, focusing on food and drug authority certification and production processes. The company aims to expand into additional markets with a strategic approach to launch new products that address specific rehabilitation needs, reinforcing its commitment to improving therapy solutions in diverse healthcare settings.

## Funding rounds

- Series A, Mar 11, 2021, $7.4M — Smilegate Investment, DSC Investment, Big Basin Capital, Bass Ventures, KNet Investment Partners, H ROBOTICS INC., J Curve Investment
- Seed, May 18, 2020, $2.4M — Bokwang Venture Capital, DSC Investment, Bass Ventures, Southwest Angel Network

## Investors

- Bokwang Venture Capital (https://capitalatlas.ai/funds/bokwang-venture-capital) — Seed
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Seed, Series A
- Bass Ventures (https://capitalatlas.ai/funds/bass-ventures) — Seed, Series A
- Southwest Angel Network (https://capitalatlas.ai/funds/southwest-angel-network) — Seed
- Smilegate Investment (https://capitalatlas.ai/funds/smilegate-investment) — Series A
- Big Basin Capital (https://capitalatlas.ai/funds/big-basin-capital) — Series A
- KNet Investment Partners (https://capitalatlas.ai/funds/knet-investment-partners) — Series A
- H ROBOTICS INC. — Series A
- J Curve Investment (https://capitalatlas.ai/funds/j-curve-investment) — Series A