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INNOPHYS
Pneumatic powered exoskeletons reducing physical work strain
About INNOPHYS
Innophys is a venture company that originated from the Tokyo University of Science, established on December 27, 2013, by Professor Hiroshi Kobayashi. The company's name is derived from "Innovation for Physical Support." Innophys focuses on developing and distributing equipment to solve societal issues, particularly in elderly care, welfare, and specialized industrial sectors.
The company's flagship product is the "Muscle Suit," a wearable exoskeleton that assists with movement and reduces the physical burden on a user's back. The development of the Muscle Suit began in Professor Kobayashi's lab in April 2000. Unlike many competitors that use electric motors, the Muscle Suit is powered by pneumatic artificial muscles (McKibben-type), which contract with compressed air to provide assistive force. This design makes the suit lightweight, safe, and operable without electricity, allowing its use in various environments, including outdoors and around hazardous materials. The first model was sold in October 2014. A significant milestone was the launch of the "Muscle Suit Every" in November 2019, a model that was made lighter and more affordable, expanding the target market from primarily corporate clients to individual consumers. By April 2024, the series had sold over 35,000 units.
Innophys serves a diverse client base across sectors such as nursing care, logistics, manufacturing, agriculture, and construction. The business model involves the development, manufacturing, and distribution of these assistive suits. The company has successfully raised significant capital to fund its growth, including a Series C round of ¥3.53 billion in December 2019. Investors include corporate partners like Bic Camera, Brother Industries, and TIS, as well as financial institutions like Fidelity International. Innophys has also expanded its global presence, opening a representative office in Germany in June 2025 to accelerate business in the growing European market. Recently, on March 6, 2026, the company launched a new product, the "Muscle Suit PRO INSOLE," a functional insole designed to support the feet during long periods of standing or walking.
The company's mission is to enable everyone to live an independent life for as long as they live, aiming to create a world without back-breaking labor or the need for elderly care. This problem-solving approach, rather than a technology-first mindset, distinguishes Innophys from many other university-originated ventures. The Muscle Suit Every received ISO 13482 certification for personal care robot safety in February 2020.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2013
- Headquarters
- Tokyo, Japan
- Employees
- 25
- Open positions
- None listed
- Dealroom signal
- 59.1/100
- Industry
- Health
- Sub-industry
- Medical Devices
- Sector
- Health Tech & Medtech, Spinout, Disability tech, Exoskeleton, Wearable, elderly care, NIF defense security and resilience, NIF Crisis preparedness, DT and LS
- Technology
- Hardware, Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SUPPORT PROGRAM✓Other financing | May 2025 | $0 | — | HEC Paris | — |
| SERIES C✓Equity / VC | Jan 2020 | $27M | $109M | Fidelity International · North Avenue Capital · Future Venture Capital · Bic camera | ↗ |
Growth signals
Latest recorded traffic for INNOPHYS is 5.1K monthly website visits, down 3.8% over the last three months. INNOPHYS's team grew 525% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A4 investors entered at this stage
INCJ
SMBC Venture Capital- JCJochu Technology Co.
Sansei Capital Investment
Series B and later4 investors entered at this stage
Fidelity International- NCNorth Avenue Capital
Future Venture Capital
Bic camera
Other known investors4 additional known investors
HEC Paris
Tokyo University of Science
HEC Paris Incubator
Seibu Shinkin Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about INNOPHYS 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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