Wearable Robotics raises 5M to expand its arm exoskeleton

"The ALEX RS is a bilateral upper-limb exoskeleton designed for post-stroke rehabilitation, covering 92% of the human arm's natural range of motion and is CE certified as a Class IIa medical device."

"Wearable Robotics has raised €5 million in a Series A funding round to accelerate international expansion and complete its product portfolio, with significant backing from CDP Venture Capital and SIMEST."

"The company has deployed more than 50 units of the ALEX RS exoskeleton in clinical hospitals and rehabilitation centres across 20 countries since its founding in 2014."

Wearable Robotics, a spin-off from the Sant'Anna School in Pisa, has developed the ALEX RS bilateral upper-limb exoskeleton for post-stroke rehabilitation. The company raised €5 million in Series A funding led by CDP Venture Capital, with support from SIMEST for international expansion. The ALEX RS device is CE certified and covers 92% of the human arm's natural range of motion. Over 50 units have been deployed in clinical settings across 20 countries. Wearable Robotics holds eight proprietary patents related to its technology and operates under the Nexum Robotics brand.

Read at TNW | Startups-Technology