About QT Medical
QT Medical is a company based in Torrance (United States) founded in 2013 by Chang Ruey-Kang.. QT Medical has raised $12 million across 2 funding rounds from investors including HHS, Quanta Computer and CDIB Capital. QT Medical operates in a competitive market with competitors including AliveCor, ZOLL AEDs, Bardy Diagnostics, Cardiotrack and Monitra Healthcare, among others.
- Headquarter Torrance, United States
- Founders Chang Ruey-Kang
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Sectors
HealthcareTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12 M (USD)
in 2 rounds
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Latest Funding Round
$12 M (USD), Series B
Sep 26, 2023
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Investors
HHS
& 6 more
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Employee Count
Employee Count
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Funding Insights of QT Medical
QT Medical has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $12 million completed in September 2023. 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 2
- Last Round Series B — $12.0M
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First Round
First Round
(18 Aug 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series B - QT Medical | Valuation | CDIB Capital | |
| Aug, 2014 | Amount | Grant - QT Medical | 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 QT Medical
QT Medical has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include HHS, Quanta Computer and CDIB Capital. 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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PE firm investing in Asia
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Founded Year | Domain | Location | |
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Cathay Capital is engaged in global investment and transformation.
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Founded Year | Domain | Location | |
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VC firm focusing on technology companies
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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 QT Medical
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - QT 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 |
Qt Medical Comparisons
Competitors of QT Medical
QT 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 AliveCor, ZOLL AEDs, Bardy Diagnostics, Cardiotrack and Monitra Healthcare, 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 |
Medical devices and software for emergency care are developed.
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| domain | founded_year | HQ Location |
Develops and markets the Carnation Ambulatory Monitor
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| domain | founded_year | HQ Location |
AI-based EGC data capture and analysis platform
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| domain | founded_year | HQ Location |
Ambulatory cardiac monitoring devices and solutions
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| domain | founded_year | HQ Location |
Portable ECG devices and heart health monitors are manufactured.
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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 Qt Medical
Frequently Asked Questions about QT Medical
When was QT Medical founded?
QT Medical was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is QT Medical located?
QT Medical is headquartered in Torrance, United States. It is registered at Torrance, California, United States.
Who is the current CEO of QT Medical?
Chang Ruey-Kang is the current CEO of QT Medical. They have also founded this company.
Is QT Medical a funded company?
QT Medical is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Grant of $1.9M, raised on Aug 18, 2014.
What does QT Medical do?
QT Medical was founded in 2013 in Torrance, United States, where ECG devices and cardiac health monitoring tools are developed. Operations focus on the QT ECG, a portable 12-lead smart device that transfers data to a mobile app. This tool is utilized by patients for home monitoring of chronic heart failure and arrhythmias, supporting data sharing with healthcare providers in the medical devices sector.
Who are the top competitors of QT Medical?
QT Medical's top competitors include AliveCor, ZOLL AEDs and Cardiotrack.
Who are QT Medical's investors?
QT Medical has 7 investors. Key investors include HHS, Quanta Computer, CDIB Capital, Cathay Capital, and Taiwania Capital.