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Cionic

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A technology company that builds a platform for human augmentation that powers people to transcend physical limitations

Scotts Valley, United StatesFounded 2018Health Tech & Medtech
Valuation $50–100M Last recorded · 2023
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Cionic

Cionic is a neurotechnology company focused on developing bionic clothing to assist individuals with mobility impairments. The company was founded in 2018 by Jeremiah Robison, a tech industry veteran with over two decades of experience at companies like Apple, Openwave, Slide, and Jawbone. Robison's motivation to start Cionic was deeply personal, stemming from his daughter's cerebral palsy diagnosis and the lack of effective technological solutions to improve her mobility. This personal connection drove the mission to create wearable technology that could significantly enhance freedom of movement.

The company operates in the therapeutic devices and neurotechnology markets, serving individuals with mobility challenges resulting from conditions such as multiple sclerosis (MS), stroke, cerebral palsy (CP), and spinal cord injuries. Cionic's primary product is the Neural Sleeve™, a leg-worn garment that received FDA clearance as a Class II medical device in March 2022. This milestone enabled the company to bring its flagship product to the U.S. market. The Neural Sleeve was recognized as one of TIME's Best Inventions of 2023.

The Neural Sleeve is a piece of bionic clothing that integrates the diagnostic capabilities of a gait lab with the therapeutic power of Functional Electrical Stimulation (FES). It is designed with a dense array of sensors that continuously monitor the firing of individual muscles and the position of the leg in real-time. Onboard algorithms analyze this data to predict the user's intended movement and then deliver precisely timed electrical stimulation to the major muscle groups in the leg, including the quadriceps, hamstrings, calf, and shin muscles. This process facilitates proper muscle activation, helping to address issues like foot drop and improve gait stability. The system is adaptive, learning and adjusting with every step the user takes, and is controlled via a companion mobile app for iOS and Android.

Cionic's business model is subscription-based. Customers make an initial down payment, followed by monthly payments. The first year's subscription covers the hardware, personalized onboarding with a mobility specialist, replacement electrodes, and access to all software updates and new exercise programs. After the first year, the monthly subscription rate is reduced. The company has secured significant funding to support its growth, raising a total of $35.3M through several rounds, including a Series A led by BlueRun Ventures and an extension led by L Catterton. This capital is being used to scale manufacturing, expand commercialization, and fund further research and development.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Scotts Valley, United States
Employees
25
Open positions
1
Dealroom signal
63.4/100
Industry
Health
Sub-industry
Medical Devices
Sector
Health Tech & Medtech, Rehabilitation, Neuromodulation and Neurostimulation, Disability tech, Wearable, Hard Tech, DT and LS, science-based
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Oct 2023 $12M $63M L Catterton · Enable Ventures · Transformational Healthcare Venture Capital ↗
SERIES A✓Equity / VC Sep 2022 $13M $50M EPIC Ventures · Caffeinated Capital · JobsOhio · LDV Capital ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Growth signals

Cionic website traffic

Latest recorded traffic for Cionic is 18K monthly website visits, down 60.9% over the last three months. Cionic's team declined 19.4% over the past year.

Latest monthly visits18K 3-month web change-60.9% 1-year team growth-19.4%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

11 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • HealthTech Capital

Series A8 investors entered at this stage

  • BlueRun Ventures
  • EPIC Ventures
  • Caffeinated Capital
  • JobsOhio
  • LDV Capital
  • L Catterton
  • Enable Ventures
  • Transformational Healthcare Venture Capital

Other known investors2 additional known investors

  • JobsOhio Ventures
  • Sune Alstrup Johansen
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇺🇸 United States89.5%
🇫🇷 France5.3%
🇩🇰 Denmark5.3%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Cionic on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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