BionX adds $11.4m for powered ankle prosthetic

BionX said it added $11.4 million to the $6 million it drummed up last year for its Biom powered ankle prosthesis.

BionX, previously known as BiOM (which was formerly known as iWalk), said in a regulatory filing that the new backing comes from a quartet of investors from outside the U.S.

Almost exactly 1 year ago, the Bedford, Mass.-based company said it hoped to raise a total of $10 million.

BionX touts the Biom prosthesis as the only commercially available mechatronic ankle with “powered propulsion.” It’s designed to use computer processors to adjust the ankle’s stiffness and propulsive torque to emulate natural muscle function. The company was founded by MIT robotics guru Hugh Herr.

Earlier this month, BionX inked a deal with Otto Bock Healthcare to exclusively distribute the Biom ankle in Germany, Austria, Switzerland and Scandinavia.

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