Funding updates

Makers Hive raised $9Mn.

Made-in-India bionic arm maker Makers Hive, plans to use the funding towards R&D, production, and marketing initiatives.

Hyderabad-based startup Makers Hive has developed and built a bionic arm, has raised $9 million from Investpad and Starfish Growth Partners. Makers Hive Set up in 2018 is focused on assistive-tech industry, especially prosthetics, to help differently-abled people. It has developed a mobile app-enabled 3D-printed bionic hand – KalArm, lightweight device with EMG sensors embedded.

According to CEO, the bionic arm is indigenously developed and has bagged the first batch of pre-orders. KalArm is focused on below elbow interventions and company is also currently working on above elbow solutions. It is also building exoskeletons for defence and medical applications.

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