German Bionic

Overview
News

German Bionic is a robotics firm that develops and manufactures smart power suits and wearable technologies for industrial and healthcare applications. Its flagship product is the Cray X exoskeleton, launched in January 2022, which provides support of up to 66 lbs (30 kg) for lifting and carrying movements while preventing poor posture through an AI-powered ergonomic monitoring system. In August 2023, the company unveiled Apogee+, an exoskeleton designed specifically for the healthcare sector to assist caregivers in patient lifting and mobility tasks. Both the Cray X and Apogee+ are the world's first fully-connected, AI-based robotic wearables for the workplace. The company's exoskeletons aim to protect workers' health, reduce accidents and injuries, and improve work processes through real-time ergonomic data collection and analysis.

In December 2023, German Bionic raised EUR 15 million in an extended Series A funding round led by German automotive supplier Mubea to meet increasing demand and scale up production. The company reported significant revenue growth, with major customers across logistics firms like DPD, Dachser, Fiege, retailers like Canadian Tire, Currys, and international airports as of December 2023. German Bionic was awarded the CES 2023 "Best of Innovation" Award in the Wearable Technologies category for the Cray X exoskeleton.

Key customers and partnerships

German Bionic has established partnerships with renowned healthcare institutions such as Charité – Universitätsmedizin Berlin and BG Unfallklinikum Murnau for the development and deployment of its Apogee+ exoskeleton in the care sector.

The company's key customers span global logistics companies including DPD, Dachser, and Fiege, as well as major retailers like Canadian Tire and the British consumer electronics chain Currys. It also caters to major international airports for baggage handling operations.

Additionally, in December 2023, German Bionic deepened its collaboration with its industrialization partner, the German automotive supplier Mubea, through a strategic investment to meet the increasing demand for its smart occupational safety systems.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
Augsburg
Founded year:
2017
Employees:
51-100
IPO status:
Private
Total funding:
USD 64.5 mn
Last Funding:
USD 16.1 mn (Series A; Dec 2023)
Last valuation:
-
Funding data are powered by Crunchbase
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