About iRhythm Tech
iRhythm Tech is a company based in San Francisco (United States) founded in 2006.. iRhythm Tech has raised $109.23 million across 10 funding rounds from investors including St. Jude Medical, Leland Stanford Junior University and New Leaf Venture Partners. The company has 2,000 employees as of December 31, 2024. iRhythm Tech operates in a competitive market with competitors including AliveCor, Imperative Care, ZOLL AEDs, Biotricity and CardiacSense, among others.
- Headquarter San Francisco, United States
- Employees 2000 as on 31 Dec, 2024
- Stage Public
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Sectors
HealthcareTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Irhythm Technologies, Inc.
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Annual Revenue
$591.84 M20.13as on Dec 31, 2024
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Net Profit
$-113.29 M8.2as on Dec 31, 2024
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EBITDA
$-56.72 M38.31as on Dec 31, 2024
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Total Equity Funding
$109.23 M (USD)
in 10 rounds
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Latest Funding Round
$27.34 M (USD), Series E
Mar 12, 2015
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Investors
St. Jude Medical
& 10 more
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Employee Count
2000
as on Dec 31, 2024
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IPO & Listings of iRhythm Tech
iRhythm Tech is a publicly listed company on the NASDAQ with ticker symbol IRTC 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.
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Software Development Team
146 people
Leadership Team
53 people
Sales and Marketing
34 people
Senior Team
29 people
Operations Team
25 people
Human Resources and Administration
22 people
Key Team
13 people
Legal and Compliance
11 people
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Funding Insights of iRhythm Tech
iRhythm Tech has successfully raised a total of $109.23M across 10 strategic funding rounds. The most recent funding activity was a Series E round of $27.34 million completed in March 2015. 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 10
- Last Round Series E — $27.3M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2015 | Amount | Series E - iRhythm Tech | Valuation | Novo Holdings | |
| Apr, 2013 | Amount | Series D - iRhythm Tech | Valuation | Norwest Venture Partners | |
| Nov, 2012 | Amount | Series C - iRhythm Tech | Valuation |
investors |
| 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 iRhythm Tech
iRhythm Tech has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include St. Jude Medical, Leland Stanford Junior University and New Leaf Venture Partners. 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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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Private equity and venture capital fund focused on the healthcare sector
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Founded Year | Domain | Location | |
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Stage-agnostic investments in US life sciences are managed.
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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 iRhythm Tech
| 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 - iRhythm Tech
| 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 |
Irhythm Tech Comparisons
Competitors of iRhythm Tech
iRhythm Tech 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 AliveCor, Imperative Care, ZOLL AEDs, Biotricity and CardiacSense, 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 |
Cardiac monitoring devices and applications are provided for heart health.
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| domain | founded_year | HQ Location |
Access catheters for neurovascular stroke treatment are provided.
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| domain | founded_year | HQ Location |
Medical devices and software for emergency care are developed.
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| domain | founded_year | HQ Location |
Developer of medical remote monitoring solutions that help prevent and manage chronic diseases
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| domain | founded_year | HQ Location |
Provider of sensor to monitor heart arrhythmia and vital signs
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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 Irhythm Tech
Frequently Asked Questions about iRhythm Tech
When was iRhythm Tech founded?
iRhythm Tech was founded in 2006.
Where is iRhythm Tech located?
iRhythm Tech is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is iRhythm Tech a funded company?
iRhythm Tech is a funded company, having raised a total of $109.23M across 10 funding rounds to date. The company's 1st funding round was a Series C of $1.5M, raised on Jun 01, 2006.
How many employees does iRhythm Tech have?
As of Dec 31, 2024, the latest employee count at iRhythm Tech is 2,000.
What is the annual revenue of iRhythm Tech?
Annual revenue of iRhythm Tech is $591.84M as on Dec 31, 2024.
What does iRhythm Tech do?
iRhythm Tech was founded in 2006 in San Francisco, United States, and operates in the health technology sector. Wearable patches known as Zio monitors are offered to capture continuous heart rhythm data over extended periods. Data collected is stored on the device and transmitted to a cloud platform for analysis at the end of monitoring. An accompanying mobile app supports physicians in reviewing results for diagnostic purposes.
Who are the top competitors of iRhythm Tech?
iRhythm Tech's top competitors include AliveCor, Imperative Care and Biotricity.
Is iRhythm Tech publicly traded?
Yes, iRhythm Tech is publicly traded on NASDAQ under the ticker symbol IRTC.
Who are iRhythm Tech's investors?
iRhythm Tech has 11 investors. Key investors include St. Jude Medical, Leland Stanford Junior University, New Leaf Venture Partners, Norwest Venture Partners, and California Health Care Foundation.
What is iRhythm Tech's ticker symbol?
The ticker symbol of iRhythm Tech is IRTC on NASDAQ.
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