Psyonic Bionic Hand’s net worth is $1 million as of February 2024. In 2022, the company made $1 million in annual sales. They are projecting $2 million in sales for 2024. Psyonic Bionic Hand, an artificial bionic hand, was created by Dr. Aadeel Akhtar in 2015.
In February 2024, they appeared on season 15 of Shark Tank USA and made a deal with Raymond John, Kevin O’Leary, and Lori Greiner for $1 million for 6% equity. The final valuation was $16 million, down from the founder’s initial estimate of $50 million.
It is still too soon to comment on the boost in sales the company gained following the pitch. However, the show certainly gave more exposure to Dr. Akhtar’s product. Therefore, the company is expecting significant growth in terms of future sales. You can learn more about the product and make purchases via the company website.
Psyonic Bionic Hand Net Worth
| Net worth | $1 million (2024) |
| Annual Sales Revenue | $2 million (2024) |
| Profits | $100,000 |
| Lifetime sales | $1 million (2024) |
| Investors | Raymond John, Kevin O’Leary, and Lori Greiner |
| Investment | $1 million for 6% equity |
| Founder | Dr. Aadeel Akhtar |
| Employees | 11-50 |
Psyonic Bionic Hand Net Worth Timeline
| Net Worth 2024 | $1 million |
| Net worth valuation in 2024 after appearing on Shark Tank | $16 million |
| Net worth valuation in 2024 before appearing on Shark Tank | $50 million |
Psyonic Bionic Hand Pitch on Shark Tank
| Product | An artificial bionic hand |
| Episode | Season 15 Episode 15 |
| Founder | Dr. Aadeel Akhtar |
| Asked for | $1 million for 2% equity |
| Company name | Psyonic Bionic Hand |
| Final deal | $1 million for 6% equity |
| Sharks | Raymond John, Kevin O’Leary, and Lori Greiner |
| Location | San Diego, California |
Don’t miss these products from Season 15
Psyonic Bionic Hand Founder
Dr. Aadeel Akhtar founded Psyonic Bionic Hand in 2015. Dr. Akhtar completed his Doctor of Philosophy (Ph.D.) in neuroscience from the University of Illinois Urbana-Champaign. He has worked as an adjunct professor, research fellow, and research technician at various academic institutes. Psyonic Bionic Hand’s founder, Dr. Aadeel Akhtar’s net worth is unknown as of 2024.
Key accomplishments
| Year | Accomplishment |
| 2015 | Cozad New Venture Competition, winner of Samsung Research Innovation Prize, and Best University Funded Startup. |
| 2016 | Nominee of Forbes 30 under 30 in Healthcare. Winner of Illinois Innovation Prize. |
| 2018 | Winner of NSF phase 1 SBIR grant. |
| 2020 | Winner of NSF phase 2 SBIR grant. |
| 2024 | The company was featured on Shark Tank and secured a deal. |
Conclusion
From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Psyonic Bionic Hand and its continued success.
