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Download The List of the 100 Highest-Valued Unicorns

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The Founder's Handbook

Top 11 Medical Device Unicorns in 2024

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Have you ever wondered which private companies in the Medical Device industry have the highest valuations?

You’re not alone.

There are lots of unicorn companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 11 Medical Device unicorn startups, from highest to lowest valuation.

11 Medical Device Unicorns Companies

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1) Intarcia Therapeutics

Intarcia Therapeutics

Intarcia is a biotechnology company focused solely on the development of long-duration therapies to treat chronic diseases.

Details of the startup:

  • Valuation: $3.80B (April 2014)
  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 1995
  • Founders: David Franklin, James M. Ahlers, Thomas Alessi
  • Number of employees: 250-500
  • Funding: $1,683.53M
  • Funding rounds: 23
  • Number of investors: 27

You can find their website here.

2) Otto Bock HealthCare

Otto Bock HealthCare

Ottobock is a global manufacturer of advanced prosthetic and orthotic medical devices for people with mobility challenges.

Details of the startup:

  • Valuation: $3.52B (June 2017)
  • Country: Germany
  • City: Duderstadt
  • Started in: 1919
  • Founders: Otto Bock
  • Number of employees: 1,000-5,000
  • Funding: $815.49M
  • Funding rounds: 2
  • Number of investors: 2

You can find their website here.

3) CMR Surgical

CMR Surgical

The CMR robot is the latest in modern surgical technology, designed to allow surgeons to do procedures with greater precision than ever before.

Details of the startup:

  • Valuation: $3.00B (September 2019)
  • Country: United Kingdom
  • State: England
  • City: Cambridge
  • Started in: 2014
  • Founders: Luke Hares, Mark Slack, Martin Frost
  • Number of employees: 250-500
  • Funding: $986.30M
  • Funding rounds: 5
  • Number of investors: 15

You can find their website here.

4) Medable

Medable

Medable is transforming clinical research and predictive medicine by creating a platform powered by patient generated data.

Details of the startup:

  • Valuation: $2.10B (October 2021)
  • Country: United States
  • State: California
  • City: Palo Alto
  • Started in: 2013
  • Founders: James Sas, Michelle Longmire, Perry Robinson, Tim Smith
  • Number of employees: 250-500
  • Funding: $533.75M
  • Funding rounds: 7
  • Number of investors: 12

You can find their website here.

5) Equashield

Equashield

Equashield is a privately held medical device company that manufactures closed system transfer devices for the safe transport of hazardous drugs.

Details of the startup:

  • Valuation: $1.30B (October 2022)
  • Country: United States
  • State: New York
  • City: Port Washington
  • Started in: 2004
  • Founders: Marino Kriheli
  • Number of employees: 101-250
  • Funding: $300.00M
  • Funding rounds: 1
  • Number of investors: 1

You can find their website here.

6) InSightec

InSightec

InSightec develops and manufactures MR-guided Focused Ultrasound devices for image-guided acoustic surgery. Their technology is based on patented Focused Ultrasound principles, and was designed to replace surgery.

Details of the startup:

  • Valuation: $1.30B (March 2020)
  • Country: Israel
  • City: Tirat Carmel
  • Started in: 1999
  • Founders: Kobi Vortman
  • Number of employees: 250-500
  • Funding: $559.05M
  • Funding rounds: 10
  • Number of investors: 9

You can find their website here.

7) Viz

Viz

Viz is a medical imaging company that uses deep learning technology to help optimise emergency treatment.

Details of the startup:

  • Valuation: $1.20B (April 2022)
  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2016
  • Founders: Chris Mansi, David Golan, Manoj Ramachandran
  • Number of employees: 251-500
  • Funding: $251.55M
  • Funding rounds: 7
  • Number of investors: 16

You can find their website here.

8) OrCam Technologies

OrCam Technologies

The OrCam device is a miniature wearable camera that helps people who have lost their vision to be independent and self-sufficient.

Details of the startup:

  • Valuation: $1.03B (February 2018)
  • Country: Israel
  • City: Jerusalem
  • Started in: 2010
  • Founders: Amnon Shashua, Ziv Aviram
  • Number of employees: 250-500
  • Funding: $77.40M
  • Funding rounds: 4
  • Number of investors: 5

You can find their website here.

9) CareBridge

CareBridge

CareBridge is a Medicare and Medicaid healthcare system provider for patients and carers.

Details of the startup:

  • Valuation: $1.00B (June 2022)
  • Country: United States
  • State: Tennessee
  • City: Nashville
  • Started in: 2009
  • Founders: Bill Frist
  • Number of employees: 101-250
  • Funding: $180.00M
  • Funding rounds: 3
  • Number of investors: 6

You can find their website here.

10) Dental Monitoring

Dental Monitoring

Dental Monitoring is an AI-based, remote monitoring platform for the orthodontics industry.

Details of the startup:

  • Valuation: $1.00B (October 2021)
  • Country: France
  • City: Paris
  • Started in: 2014
  • Founders: Philippe Salah
  • Number of employees: 250-500
  • Funding: $210.08M
  • Funding rounds: 5
  • Number of investors: 4

You can find their website here.

11) Iodine Software

Iodine Software

Iodine Software is a provider of healthcare software with the latest technologies like machine learning to improve patient care.

Details of the startup:

  • Valuation: $1.00B (December 2021)
  • Country: United States
  • State: Texas
  • City: Austin
  • Started in: 2010
  • Founders: William Chan
  • Number of employees: 100-250
  • Funding: $492.05M
  • Funding rounds: 2
  • Number of investors: 2

You can find their website here.

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