Forest Devices
Latest round
- Seed
Last raised
- Jan 2018
Total raised
- $2.3M
Investors
- 1
About Forest Devices
Forest Devices, Inc.Founded in 2015 in Pittsburgh, US, Forest Devices, Inc. specializes in creating advanced stroke detection devices. The company's founders include Carmelo Montalvo and Steve Morrow, with Matthew Kesinger serving as CEO.Forest Devices specializes in developing innovative tools designed to enhance the detection of strokes and streamline decision-making in acute care settings. Their flagship product, the SignalNED Model RE, is a diagnostic device that leverages advanced algorithms for rapid and precise stroke assessment, having successfully obtained 510(k) clearance from the FDA. This device is intended for use by healthcare professionals across various points in the care pathway, enabling them to make informed decisions that can significantly improve patient outcomes. The company targets a diverse range of healthcare providers, including hospitals, emergency medical services, and outpatient clinics, primarily within the United States and select markets in Europe.Forest Devices generates revenue through direct sales of its medical devices to healthcare institutions, focusing on partnerships with hospitals and emergency response organizations. The revenue model revolves around transactional sales of its flagship products, such as the SignalNED Model RE. Specific pricing structures for its products have not been disclosed, but it is common for medical technology firms to engage in varying transactional frameworks, including volume-based pricing agreements or service contracts. The company plans to utilize these funds to further develop its product line, including upcoming enhancements to the SignalNED Model RE, with the objective of launching additional features aimed at improving stroke detection accuracy. The company is also targeting expansion into select European markets by 2023, aiming to increase its footprint in regions with high stroke incidence. This growth strategy aligns with their commitment to advancing patient care through innovative medical technology.
Who invested in Forest Devices
1 investor across 1 round
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Funding rounds
Seed
Jan 11, 2018
Amount
$2.3M
Investors
Questions about Forest Devices
Who invested in Forest Devices?
Forest Devices has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Forest Devices raised?
Forest Devices has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Forest Devices last raise money?
Forest Devices's most recent round on record is a Seed, in Jan 2018.
What does Forest Devices do?
Forest Devices is a medical devices & equipment company.
Where is Forest Devices headquartered?
Forest Devices is headquartered in Pittsburgh, US.
Which VCs invest in companies like Forest Devices?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back medical devices & equipment companies at Forest Devices's stage. Their profiles are linked below.
VCs backing medical devices & equipment startups at Seed
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