Shark Tank Psyonic Update 2026

When Dr. Aadeel Akhtar was seven, he saw a young girl in Pakistan using a tree branch as a crutch because she couldn’t afford a proper prosthetic. That moment pushed him to create Psyonic and develop the Ability Hand, a lightweight, durable bionic hand that lets users feel what they touch through fingertip sensors. Will any of the sharks get behind this life-changing technology? Let’s find out in our Psyonic update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Psyonic after Shark Tank.

Dr. Aadeel entered Shark Tank Season 15, seeking $1 million for 2% equity in his prosthetics brand. He ultimately got a 3 shark deal with Kevin O’Leary, Lori Greiner, and Daymond John for $1 million for 6% equity.

In terms of a Psyonic update, the company secured $4.1 million through equity crowdfunding in January 2024, which the company used to scale production and enhance product development. Further, they launched the Ability Hand for global research use and partnered with major tech companies.

Shark:	Result:
Kevin O’Leary, Lori Greiner, Daymond John	$1 million for 6% equity
Mark Cuban	No offer
Robert Herjavec	No offer

Shark Tank Psyonic Pitch

Entrepreneur: Dr. Aadeel Akhtar
Business: Bionic hand
Ask: $1 million for 2% equity
Result: $1 million for 6% equity
Sharks: Daymond John, Kevin O’Leary, and Lori Greiner

Dr. Aadeel stepped into Shark Tank to present Psyonic, a company developing advanced bionic hands for amputees and robotics.

His flagship product, the Ability Hand, stands out for its speed, durability, and innovative features.

The bionic hand moves faster than any other on the market. It gives users a sense of touch, is water-resistant, and even includes a USB port capable of charging a phone.

To show how it works, Dr. Aadeel brought along retired Army Sergeant Garrett Anderson, who lost his arm in Iraq.

Garrett shared that he’s tried many prosthetics, but none matched the Ability Hand. It’s lightweight, durable, and gives him the ability to feel again.

Dr. Aadeel said a girl in Pakistan using a tree branch as a crutch inspired him when he was seven. That moment drove him to pursue a career in prosthetics.

He went on to earn degrees in biology, neuroscience, computer science, and both electrical and mechanical engineering.

While still in school, he began developing bionic hands. Eventually, that work led him to launch Psyonic.

The Ability Hand retails for $15,500, with a $1,800 manufacturing cost. It’s FDA-registered and covered by Medicare, making it more affordable for patients.

So far, over 100 users have received the device. The hand is also used by research labs and tech companies, including in robotics and space programs.

However, demand is currently outpacing supply. Psyonic can only produce 100 units per year. Dr. Aadeel wants to scale that up to 500 next year and 1,000 the following year.

He already raised $3.6 million in venture funding, $2.2 million through crowdfunding, and $2.4 million in government grants. He also expects an additional $2.7 million grant from the Department of Defense.

Still, not every shark was convinced.

Mark Cuban said the numbers didn’t add up for him and dropped out. Robert Herjavec appreciated the story but also passed on investing.

At this point, Kevin O’Leary asked about sales. Dr. Aadeel reported $2 million in lifetime revenue, with $1 million coming in the last year and $100,000 in profit. He projected $2 million for the current year.

Kevin offered $1 million for 10% equity, but Dr. Aadeel felt that was too high.

Then, Lori Greiner and Daymond John teamed up to offer $1 million for 6% equity, non-dilutable. Dr. Aadeel countered with 2% equity and 2% in advisory shares.

Kevin rejoined the discussion, cautioning against non-dilutable deals due to their risk in future fundraising rounds.

After a bit of back and forth, Dr. Aadeel proposed a new middle ground: 4% non-dilutable equity.

Ultimately, Kevin joined Lori and Daymond to make a combined offer of $1 million for 6% equity, split evenly between the three sharks, with standard dilution terms. Dr. Aadeel accepted the deal.

Was it the right decision for him? Keep reading our Psyonic update to find out what happened following Shark Tank!

Shark Tank Psyonic Update

We have some good news to share in our Psyonic update. The deal with the sharks (Kevin O’Leary, Lori Greiner, and Daymond John) closed successfully.

Dr. Aadeel confirmed this himself, stating they locked in a $1 million investment for 6% equity at a $50 million valuation.

Shortly after, they launched a fundraising campaign on StartEngine, which went on to raise more than $4.1 million.

Several of those investors were actually users of the Ability Hand themselves. The company’s revenue also more than doubled year-over-year, and its full-time team grew from 7 to over 30 employees, based in San Diego.

In 2024, Psyonic expanded production to 500 units per year, up from about 100, with plans to reach 1,000 units annually going forward.

They also moved into a 22,000-square-foot manufacturing space, five times larger than their previous facility.

Further, their flagship product, the Ability Hand, has become one of the most advanced bionic hands on the market.

The product is approved by Medicare, is priced between $10,000 and $20,000, and is used not only by amputees but also by researchers and robotics teams at NASA, Meta, Apptronik, MIT, and Sanctuary AI.

That same year, they also released a research version of the Ability Hand for robotics developers and academic labs.

Dr. Aadeel and the Psyonic team were featured at San Diego Comic-Con 2025, where they led a panel called “Bionic Arms in the Real World.”

They also appeared at UC San Diego and the 2025 Robotics Summit, where Dr. Aadeel gave the closing keynote.

In terms of future plans, the company plans to develop a bionic leg, artificial tendons, and improved sensory feedback systems. They’re also exploring osteointegration, which allows prosthetics to connect directly to bone.

Dr. Aadeel was also honored by The King Center for Nonviolent Social Change and continues to advocate for inclusive tech and disability innovation.

Visit their website to purchase or learn more.

You can also follow their latest user stories and upcoming releases on Instagram.

We’ll share more when we have it in our next Psyonic update.

In the meantime, feel free to check out our other company updates from Season 15, Episode 15 below.

Before you go, be sure to check out our list of all the Shark Tank Season 15 products.

Andrew Smith

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Andrew is a lifelong fan of Shark Tank and an entrepreneur at heart. He started Shark Tank Recap because he wanted a single place to track what happens to the companies, founders, and deals after they air on TV. With a sharp eye for business insights and a passion for all things Shark Tank, Andrew makes sure every recap is accurate, engaging, and fun.