Cionic Raises $12M in Series A Extension Funding
Summary
As part of L Catterton’s investment, Venture Partner and experienced entrepreneur Whitney Casey joined Cionic’s Board of Directors. The company intends to use the funds to grow user and clinician adoption of the Cionic Neural Sleeve among the millions of individuals experiencing impaired mobility as a result of multiple sclerosis, strokes, cerebral palsy, and other neurological conditions, and to accelerate its product pipeline into new indications addressing the full spectrum of human mobility. Led by Jeremiah Robison, Founder and CEO, Cionic is neurotech company facilitating more independent movement through FDA-cleared bionic clothing. Its lead product, the Cionic Neural Sleeve, can analyze and augment human movement, enabling the body to move with more freedom and control than with crutches, walkers, or wheelchairs. The Cionic Neural Sleeve combines a gait lab with Functional Electrical Stimulation (FES) into a lightweight, durable garment that can be worn anywhere and work everywhere.