🦄 Unicorner Startup of the Week: German Bionic

✍️ Notes from the Editors

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Everyone talks about robots and AI replacing the workforce. The companies succeeding today, though, are the ones enabling people to keep their jobs and work more efficiently (and safely).

Power suits and exoskeletons aren’t a new innovation, but they’re often reserved for military purposes. German Bionic is making smart wearable tech accessible, reducing workplace accidents while optimizing operations.

P.S. If you’re in Germany (or interested in relocating), German Bionic is hiring across the board—interns included. We did our best to translate the job titles from German. 🙏

P.P.S. Today’s author, Manvel, also wanted to share an exciting event hosted by MTRNM, an up-and-coming company organizing intimate social events around house music and unique venues. Check out the Dec. 2 LA event.

- Ethan and Arek 🦄

Workforce wearable tech

German Bionic is a Augsburg-based robotics company with headquarters around the world that designs and manufactures wearable technologies for the workforce. Its offerings include a specialization in smart power suits. It aims to provide organizations with a strong gateway into more attractive and safe environments. By applying artificial intelligence and self-learning to support physical movements, German Bionic severely reduces the risk of workplace accidents.

🔗 Check it out: germanbionic.com

💰 Business Model

German Bionics employs a flexible “Robotics-as-a-Service” pricing model, allowing businesses with differing needs to use its product through leasing. The pricing starts at $299 per month and depends on several variables including the number of units ordered and the length of the contract.

📈 Traction and Fundraising

• Raised Series A from investors like Samsung’s Catalyst Fund, MIG Capital, Storm Ventures, IT-Farm, Benhamou Global Ventures, and Bayern Kapital

• Recently debuted power suit (meant for helping with lifting activities related to patients) for nurses and healthcare professionals in North America called Apogee++

• Won a stream of innovation awards, including ​​UKWA Technical Innovation Product (Hardware) 2023, Material Handling Innovation of the Year by Supply Tech Breakthrough 2023, CES 2023 Innovation Awards: "Best of Innovation"

👫 Founders

• Armin G. Schmidt, CEO: Previously Director @ Luxe Capital Management, Senior Director @ HERE Technologies, Founder and CEO @ ATS Advanced Telematic Systems, Founder and CEO @ AUPEO!, Economics @ Hochschule München University of Applied Sciences, Informational Science @ Technical University of Munich

• Dirk Pöschl, Head of Corporate Development: Previously Finance Director @ HERE Technologies, Director and CFO @ ATS Advanced Telematic Systems, MBA @ University of Oxford, BA in Business Administration @ American University of Paris

• Peter Heiligensetzer, Advisor: Currently Founder and CEO @ MRK-Systeme GmbH; Previously Project Manager @ Kuka Robotics, Student @ Karlsruhe Institute of Technology (KIT), Mechanical Engineering @ Technical University of Munich

💼 Opportunities

Mention you came from Unicorner!

United States:

• Sales Manager, Southeastern US

Germany (Full-time):

• SWE Embedded Linux

• Developer, Electronics Hardware

• Designer/Developer, Mechanics

• Back Office, Sales Support

• Sales Manager, Northeast Germany

• Key Account Manager

Germany (Internships):

• Data Science Intern

• Mechanical Engineering Intern

• Embedded Development Intern

• Electronic Engineering Intern

• Biomechanics and Ergonomics Intern

🔮 Our Analysis

One of the most common workplace injuries is employees straining their back or neck from activities such as lifting or delivering heavy supplies without proper technique or equipment. Just in the U.S., more than one million workers each year suffer from workplace injuries related to heavy lifting. German Bionic is a leading entity addressing this problem by offering a solution which has been proven to be reliable. Its products offer lifting support up to 66 pounds with walking assistance, as well as a smart cloud data platform to monitor device usage, meanwhile analyzing workplace ergonomics and safety practices. With a founding team that has previously had a successful exit in the same space and a strong IO platform, German Bionic focuses on maximizing potential applications in the field of bionic exoskeletons.

📚 Further Reading

• German Bionic debuts groundbreaking power suit for nursing and care professionals in North America  [Yahoo Finance]

• German Bionic debuts its lightest powered exosuit to date at CES 2023 [Engadget]

Written by Manvel Muradyan

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