The Ukrainian-founded company Esper Bionics has raised $5 million in investment led by YZR Capital with co-financing from the EBRD and U.Ventures. The money will be used to scale and develop the bionic system.
Esper Bionics plans to ramp up production of its flagship product, the AI-embedded self-learning Esper Hand. The prosthesis costs $22,000 and is covered by insurance.
The engineering company will also add new devices to its ecosystem, including controllers for wearable prosthetics and a cloud-based ML platform. Esper Bionics cites research showing that prosthetic users had difficulty switching functions during normal control and experienced poor mechanical strength of their multifunctional prostheses.
Esper Bionics is an engineering and technical company that manufactures bionic prosthetics. The headquarters of the company is located in New York, and the engineering, design, and production units are located in Kyiv.
Esper Hand bionic prosthetics use artificial intelligence and cloud data storage. In 2022, it was featured on the cover of the Times as one of the best inventions of mankind.
The main market for Esper Bionics remains the USA, but they also have operations in Ukraine. According to the company, it provided more than 80 bionic hands to Ukrainian veterans.