Last deal

$1.7M

Amount

Debt Financing

Stage

26.07.2012

Date

3

all rounds

$18.04M

Total amount

date founded

Financing round

General

About Company
Tibion develops equipment to help individuals recover physical function lost due to disease, trauma, or aging.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2002

founders

Number of employees

Company Type

For Profit

Last funding type

Debt Financing

IPO status

Private

Description

The company's flagship product, the Tibion Bionic Leg, actively assists therapists in rehabilitating individuals with lower extremity dysfunction, improving function, mobility, and gait. It is primarily targeted towards stroke survivors and those with neurologic degenerative diseases like multiple sclerosis. Tibion was acquired by AlterG in June 2013, but the terms of the deal were not disclosed. The company utilizes innovations in orthotics, biomechanics, and embedded control systems to create non-invasive bionic devices that enhance rehabilitation and muscle strength, aiding in activities of daily living. Founded in 2002 and based in Moffett Field, California, Tibion is a privately held medical device company focused on developing innovative solutions for individuals with mobility impairments.
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M&A Details
1

Transaction name

Acquired by

AlterG

announced date

27.06.2013

Financials

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4
3

Number of Funding Rounds

$18.04M

Money Raised

Their latest funding was raised on 26.07.2012. Their latest round Debt Financing

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2
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People

Founders
1
Bob Horst
Bob Horst

Bob Horst

current job

Tibion Bionic Technologies
Tibion Bionic Technologies

organization founded

1

Bob Horst

Employee Profiles
3
Charles Remsberg

Charles Remsberg

CEO

Bob Horst

Bob Horst

Founder

Activity

Recent News
0