Cionic: Raises $12.5M in Series A Financing

Cionic Raises $12.5M in Series A Financing

• Cionic, a San Francisco, CA-based bionic clothing company, raised $12.5M in Series A funding
• The round was led by BlueRun Ventures, with participation from Caffeinated Capital, EPIC Ventures, JobsOhio Growth Capital Fund, and LDV Capital
• The company intends to use the funds to accelerate research trials and commercialization of additional indications, driving a product pipeline across the spectrum of human mobility
• The company builds bionic clothing that can analyze and augment human movement, enabling the body to move with freedom and control
• The Neural Sleeve combines movement analysis and augmentation into a wearable, with a comfortable design that can be worn anywhere and operated by a smartphone