About Inspire Medical
Inspire Medical is a company based in Maple Grove (United States) founded in 2007.. Inspire Medical has raised $109 million across 4 funding rounds from investors including Medtronic, Kleiner Perkins and Orbimed. The company has 1,250 employees as of December 31, 2024. Inspire Medical offers products and services including Inspire Implant, Inspire Remote, and Inspire App. Inspire Medical operates in a competitive market with competitors including Cryosa, Apnex Medical, LinguaFlex, ImThera Medical and Zelegent, among others.
- Headquarter Maple Grove, United States
- Employees 1250 as on 31 Dec, 2024
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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- Legal Name Inspire Medical Systems, Inc.
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Annual Revenue
$802.8 M28.49as on Dec 31, 2024
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Net Profit
$53.51 M0as on Dec 31, 2024
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EBITDA
$42.63 M0as on Dec 31, 2024
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Total Equity Funding
$109 M (USD)
in 4 rounds
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Latest Funding Round
$37.5 M (USD), Series F
Nov 07, 2016
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Investors
Medtronic
& 8 more
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Employee Count
1250
as on Dec 31, 2024
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IPO & Listings of Inspire Medical
Inspire Medical is a publicly listed company on the NYSE with ticker symbol INSP in USA, operating in the Health technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Inspire Medical
Inspire Medical offers a comprehensive portfolio of products and services, including Inspire Implant, Inspire Remote, and Inspire App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Implantable device to maintain airway openness for sleep apnea.
Remote for activating and managing therapy sessions.
App for tracking sleep data and sharing with doctors.
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Funding Insights of Inspire Medical
Inspire Medical has successfully raised a total of $109M across 4 strategic funding rounds. The most recent funding activity was a Series F round of $37.5 million completed in November 2016. 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series F — $37.5M
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First Round
First Round
(08 Jun 2009)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Series F - Inspire Medical | Valuation | Amzak Health |
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| May, 2014 | Amount | Series E - Inspire Medical | Valuation | Orbimed | |
| May, 2012 | Amount | Series C - Inspire Medical | Valuation | Medtronic , TGap Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Inspire Medical
Inspire Medical has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Medtronic, Kleiner Perkins and Orbimed. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Amzak Health is engaged in venture investments in life sciences.
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Founded Year | Domain | Location | |
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Investments are made by OrbiMed in global healthcare innovations across biopharmaceuticals and related fields.
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Founded Year | Domain | Location | |
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Venture capital firm backed by Johnson & Johnson
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Inspire Medical
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Inspire Medical
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Inspire Medical Comparisons
Competitors of Inspire Medical
Inspire Medical 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 Cryosa, Apnex Medical, LinguaFlex, ImThera Medical and Zelegent, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A therapeutic medical device is provided for treating sleep disorders.
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| domain | founded_year | HQ Location |
Develops an active implant for treating sleep apnoea through hypoglossal nerve stimulation.
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| domain | founded_year | HQ Location |
Tongue retractor device for sleep apnea
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| domain | founded_year | HQ Location |
Implantable neurostimulation devices for obstructive sleep apnea are developed.
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| domain | founded_year | HQ Location |
Physician tools for treating sleep disorders are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Inspire Medical
Frequently Asked Questions about Inspire Medical
When was Inspire Medical founded?
Inspire Medical was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Inspire Medical located?
Inspire Medical is headquartered in Maple Grove, United States. It is registered at Maple Grove, Minnesota, United States.
Is Inspire Medical a funded company?
Inspire Medical is a funded company, having raised a total of $109M across 4 funding rounds to date. The company's 1st funding round was a Series C of $14.5M, raised on Jun 08, 2009.
How many employees does Inspire Medical have?
As of Dec 31, 2024, the latest employee count at Inspire Medical is 1,250.
What is the annual revenue of Inspire Medical?
Annual revenue of Inspire Medical is $802.8M as on Dec 31, 2024.
What does Inspire Medical do?
Inspire Medical was founded in 2007 in Maple Grove, United States, within the medical device sector. Neurostimulation technologies are employed to address obstructive sleep apnea. A proprietary algorithm is integrated into the devices, enabling stimulation of key airway muscles according to individual breathing patterns. Operations focus on device development and therapeutic applications for sleep disorders.
Who are the top competitors of Inspire Medical?
Inspire Medical's top competitors include Cryosa, ImThera Medical and Zelegent.
What products or services does Inspire Medical offer?
Inspire Medical offers Inspire Implant, Inspire Remote, and Inspire App.
Is Inspire Medical publicly traded?
Yes, Inspire Medical is publicly traded on NYSE under the ticker symbol INSP.
Who are Inspire Medical's investors?
Inspire Medical has 9 investors. Key investors include Medtronic, Kleiner Perkins, Orbimed, Amzak Health, and Johnson & Johnson Innovation – JJDC.
What is Inspire Medical's ticker symbol?
The ticker symbol of Inspire Medical is INSP on NYSE.