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In 2019, the Parisian firm launched Atalante, a self-balancing exoskeleton with 12 degrees of freedom that relies on walking on algorithms to determine a user’s gait. Today, the firm announced that it has closed a $45 million Series C, which more than doubles the $30.5 million the company has raised to-date. Quadrant’s participation is particularly noteworthy here, as it finds the company expanding Atalante’s reach beyond Europe, into the United States.“We are super excited to have attracted world-class investors from the USA and Europe to advance the development program of the company,” the company’s CEO Matthieu Masselin said in a release. “With the support of patients, medical professionals and the DeepTech community, Wandercraft’s team has created a unique technology that improves rehabilitation care and will soon enable people in wheelchairs to regain autonomy and improve their everyday health.”The company will be entering a crowded market as it takes on the U.S., which is home to a number of prominent exoskeleton companies, like ReWalk Robotics, Ekso, SuitX and Sarcos, which have thus far raised a ton of money and announced some high-profile partnerships. Wandercraft was founded in 2012, with the vision of improving mobility of wheelchair users.
