Product Reports Resources Pricing Login Book a demo

INNOPHYS

Health Tech & Medtech · Tokyo, Japan · Founded 2013

Pneumatic powered exoskeletons reducing physical work strain MoreLess

Innophys is a venture company that originated from the Tokyo University of Science, established on December 27, 2013, by Professor Hiroshi Kobayashi. The company's name is derived from "Innovation for Physical Support." Innophys focuses on developing and distributing equipment to solve societal issues, particularly in elderly care, welfare, and specialized industrial sectors.

The company's flagship product is the "Muscle Suit," a wearable exoskeleton that assists with movement and reduces the physical burden on a user's back. The development of the Muscle Suit began in Professor Kobayashi's lab in April 2000. Unlike many competitors that use electric motors, the Muscle Suit is powered by pneumatic artificial muscles (McKibben-type), which contract with compressed air to provide assistive force. This design makes the suit lightweight, safe, and operable without electricity, allowing its use in various environments, including outdoors and around hazardous materials. The first model was sold in October 2014. A significant milestone was the launch of the "Muscle Suit Every" in November 2019, a model that was made lighter and more affordable, expanding the target market from primarily corporate clients to individual consumers. By April 2024, the series had sold over 35,000 units.

Innophys serves a diverse client base across sectors such as nursing care, logistics, manufacturing, agriculture, and construction. The business model involves the development, manufacturing, and distribution of these assistive suits. The company has successfully raised significant capital to fund its growth, including a Series C round of ¥3.53 billion in December 2019. Investors include corporate partners like Bic Camera, Brother Industries, and TIS, as well as financial institutions like Fidelity International. Innophys has also expanded its global presence, opening a representative office in Germany in June 2025 to accelerate business in the growing European market. Recently, on March 6, 2026, the company launched a new product, the "Muscle Suit PRO INSOLE," a functional insole designed to support the feet during long periods of standing or walking.

The company's mission is to enable everyone to live an independent life for as long as they live, aiming to create a world without back-breaking labor or the need for elderly care. This problem-solving approach, rather than a technology-first mindset, distinguishes Innophys from many other university-originated ventures. The Muscle Suit Every received ISO 13482 certification for personal care robot safety in February 2020.

Keywords: exoskeleton, assistive suit, wearable robot, pneumatic artificial muscle, back support, physical support, elderly care technology, logistics technology, manufacturing automation, agricultural technology, construction safety, worker safety, Hiroshi Kobayashi, Tokyo University of Science, Muscle Suit, material handling, labor shortage solutions, rehabilitation support, work-related injury prevention, human augmentation

Company overview

INNOPHYS company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2013
Headquarters
Tokyo, Japan
Employees
25
Open positions
None listed
Dealroom signal
59.1
client focusb2btechnologyHardwaretechnologyDeep Techsub industryMedical Devicesbusiness modelManufacturingindustryHealthsectorSpinoutsectorDisability techsectorExoskeletonsectorWearablesectorelderly caresectorNIF defense security and resiliencesectorNIF Crisis preparednesssectorDT and LS

Valuation & funding

INNOPHYS funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SUPPORT PROGRAMOther financing May 2025 $0 HEC Paris
SERIES CEquity / VC Jan 2020 $27M $109M Fidelity International · North Avenue Capital · Future Venture Capital · Bic camera
SERIES BEquity / VC Jan 2019 $6.2M $25M SMBC Venture Capital · Jochu Technology Co. · Sansei Capital Investment
SERIES AEquity / VC Aug 2015 $4.5M $18M INCJ
EARLY VCEquity / VC Jan 2014 $85K $339K Undisclosed
SPINOUTOther financing Dec 2013 Tokyo University of Science
Showing 6 recorded eventsUnlock the complete deal history →

Financials

Workforce over time

Available workforce history. Financial fields without reported data are omitted.

YearEmployees
2026 25
2025 4
2024 3
2023 3
2022 6
2021 8
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

INNOPHYS website traffic

Latest recorded traffic for INNOPHYS is 5.1K monthly website visits, down 3.8% over the last three months. INNOPHYS's team grew 525% over the past year.

Latest monthly visits5.1K 3-month web change-3.8% 1-year team growth+525%
Monthly website visits90 observations · Dec 2018–Jul 2026
Hover or focus a point to see its exact monthly valueCompare with peers →

Comparisons

INNOPHYS compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

Showing 8 of the closest matchesCompare every metric →

Talent graph

INNOPHYS's talent

Book a demo to see the people
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

12 investors on INNOPHYS's cap table

Sourced from Dealroom's funding and investor records.

Series A 4 investors entered at this stage
INCJ
SMBC Venture Capital
Jochu Technology Co.
Sansei Capital Investment
Series B+ 4 investors entered at this stage
Fidelity International
North Avenue Capital
Future Venture Capital
Bic camera
Other known 4 additional known investors
HEC Paris
Tokyo University of Science
HEC Paris Incubator
Seibu Shinkin Capital

Global footprint

Where INNOPHYS has talent and traffic

Workforce by country
1 countries with
team presence
🇯🇵 Japan100%
1 country shown

In the news

Latest news about INNOPHYS

Recent press, funding announcements, and product moves mentioning INNOPHYS — open to read from the original sources.

See all news

Market sentiment

What the market is saying about INNOPHYS

An AI-synthesized read of the highest-engagement posts about INNOPHYS on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See INNOPHYS’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.