About Forest Devices
Forest Devices is a company based in Pittsburgh (United States) founded in 2015 by Dan Willis, Carmelo R Montalvo, and Steve Morrow. Forest Devices has raised $6.33 million across 12 funding rounds from investors including Innovation Works, Pittsburgh Life Sciences Greenhouse and America’s Seed Fund. Forest Devices operates in a competitive market with competitors including Cardiotrack, Powerful Medical, CorVista, Larkai Healthcare and Shenzhen Ruixin Intelligent Medical Technology, among others.
- Headquarter Pittsburgh, United States
- Founders Dan Willis, Carmelo R Montalvo, Steve Morrow
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Forest Devices, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$6.33 M (USD)
in 12 rounds
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Latest Funding Round
$549.99 K (USD), Seed
Nov 17, 2021
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Investors
Innovation Works
& 3 more
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Employee Count
Not available
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People of Forest Devices
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Funding Insights of Forest Devices
Forest Devices has successfully raised a total of $6.33M across 12 strategic funding rounds. The most recent funding activity was a Seed round of $549.99 thousand completed in November 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Forest Devices
Forest Devices has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Innovation Works, Pittsburgh Life Sciences Greenhouse and America’s Seed Fund.
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Venture capital fund backed by the US Government
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Software, hardware, and life sciences startups are funded and accelerated.
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VC firm investing in tech startups
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Investor details for Forest Devices
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Investments & Acquisitions by Forest Devices
Investment portfolio details for Forest Devices
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Financial Statements - Forest Devices
Detailed financials for Forest Devices
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Forest Devices Comparisons
Peer comparison for Forest Devices
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Competitors of Forest Devices
Forest Devices operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cardiotrack, Powerful Medical, CorVista, Larkai Healthcare and Shenzhen Ruixin Intelligent Medical Technology, among others.
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AI-based EGC data capture and analysis platform
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AI-powered devices for cardiovascular diagnostics and management are provided.
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Provider of an AI-based cardiac health diagnosis tool for healthcare professionals
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AI-powered diagnostic and monitoring solutions for cardiopulmonary anomalies are provided.
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AI-based medical imaging tools for cardiac disease diagnosis are provided.
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AI-based ECG analysis and cardiology diagnosis tools are developed.
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Detailed competitors of Forest Devices
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Latest news on Forest Devices
Complete news archive for Forest Devices
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Frequently Asked Questions about Forest Devices
Forest Devices was founded in 2015.
Forest Devices is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Forest Devices is a funded company, having raised a total of $6.33M across 12 funding rounds to date.
Forest Devices was founded in 2015 in Pittsburgh, United States. A stroke screening device is supplied to medical personnel in outpatient clinics, functioning as a simplified EKG for first-response use. The tool is completed in about one minute and applied in urgent care, hospitals, ambulance services, and emergency rooms. CT scans are not replaced by this device, which operates within the medical devices sector.
Forest Devices's top competitors include Powerful Medical, Cardiotrack and CorVista.
Forest Devices has 4 investors. Key investors include Innovation Works, Pittsburgh Life Sciences Greenhouse, America’s Seed Fund, and GOOSE Capital.