When was Medtronic founded?

Medtronic was founded in 1949 and raised its 1st funding round 60 years after it was founded.

Where is Medtronic located?

Medtronic is headquartered in Minneapolis, United States. It is registered at 710 MEDTRONIC PARKWAY, MINNEAPOLIS, United States, 55432, MN.

Who is the current CEO of Medtronic?

Earl Bakken of Medtronic. They have also founded 1 company.

How many employees does Medtronic have?

As of Sep 30, 2026, the latest employee count at Medtronic is 100909.

Is Medtronic a funded company?

Medtronic is a funded company, having raised an undisclosed amount across 17 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Mar 06, 2009.

When was the latest funding round of Medtronic?

Medtronic's latest funding was a $***** Grant (prize money) round on Oct 01, 2022, with participation from 1 investor.

What is the annual revenue of Medtronic?

Annual revenue of Medtronic is more than $1B as on Apr 24, 2026

Where does Medtronic rank among its competitors?

Medtronic ranks 1st amongst 2721 active competitors, of which 97 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Biorad Medisys, which secured $47.9M in May, 2024.

Who are the top competitors of Medtronic?

Medtronic's top competitors include Boston Scientific, Abbott and BD. Among them, Biorad Medisys secured the most recent funding round in May, 2024.

Medtronic - 2026 Company Profile, Team, Funding, Competitors & Financials

Medtronic is a public company based in Minneapolis (United States), founded in 1949 by Bill Peine, Palmer Hermundslie and Earl Bakken. It operates as a Manufacturer of medical technology and healthcare solutions. Medtronic has raised an undisclosed amount in funding. The company has 2721 active competitors, including 97 funded and 178 that have exited. Its top competitors include companies like Boston Scientific, Abbott and BD.

Company Details

Manufacturer of medical technology and healthcare solutions. The company develops and produces a wide range of medical devices, therapies, and services designed to treat chronic diseases and improve patient health outcomes. Its portfolio includes cardiac rhythm management, neurological devices, surgical tools, and patient monitoring systems used by healthcare professionals worldwide.

Website: www.medtronic.com/
Social
Email ID: *****@medtronic.com
Phone Number: +1 **********
Registered Address: 710 MEDTRONIC PARKWAY, MINNEAPOLIS, United States, 55432, MN

Key Metrics

Founded Year

1949

Location

Minneapolis, United States

Stage

Public

Latest Funding Round

Grant (prize money), Oct 01, 2022, $*****

Investors

Greyrock Investments & 27 more

Ranked

1^st among 2721 active competitors

Annual Revenue

$1B+ as on Apr 24, 2026

Employee Count

100,909 as on Sep 30, 2026

Investment & Acquisitions

Pi-Cardia & 168 more

Similar Companies

Boston Scientific & 2735 more

Exit Details

Public

View Medtronic's full profile

Medtronic is associated with 9 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MEDTRONIC, INC. CIN: 1014310 , United States, Active	Aug 27, 1976	-	-	-
Medtronic Inc CIN: 64670 , United States, Active		$1B+ (As on Apr 30, 2014)	95000 (As on Dec 31, 2025)	-
Medtronic, Inc. CIN: 001t000000WmVdLAAV , United States, Active	Jul 15, 1976	-	-	-
MEDTRONIC A/S CIN: 59967517 , Denmark, Deadpooled	Dec 29, 1942	-	-
MEDTRONIC PLC CIN: 1613103 , United States, Active		$1B+ (As on Apr 24, 2026)	-	-
MEDTRONIC ENGINEERING AND INNOVATION CENTER PRIVATE LIMITED CIN: U73100TG2011PTC073723 , India, Active	Apr 06, 2011	₹500 - ₹1,000 Cr (As on Mar 31, 2026)	1114 (As on Sep 30, 2024)
MOZARC MEDICAL INDIA PRIVATE LIMITED CIN: U74999KA2022FTC163852 , India, Active	Jul 15, 2022	₹50 - ₹100 Cr (As on Mar 31, 2025)	18 (As on May 01, 2026)
COVIDIEN HEALTHCARE INDIA PRIVATE LIMITED CIN: U51397HR2002FTC040216 , India, Amalgamated	May 03, 2002	₹100 - ₹500 Cr (As on Mar 31, 2016)	-
INDIA MEDTRONIC PRIVATE LIMITED CIN: U33110MH1993PTC204814 , India, Active	Oct 04, 1993	₹1,000+ Cr (As on Mar 31, 2025)	1199 (As on May 01, 2026)

Medtronic got listed on Dec 28, 1984.

Click here to take a look at Medtronic's IPO in detail

Medtronic has raised funding over 17 rounds. Its first funding round was on Mar 06, 2009. Its latest funding round was a Grant (prize money) round on Oct 01, 2022 for $*****. 1 investor participated in its latest round. Medtronic has 28 institutional investors.

Here is the list of recent funding rounds of Medtronic:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2022	7709330	Grant (prize money)	7416062	5019941	5413417	1297147
Mar 14, 2021	2293378	Grant (prize money)	4794505	7460083	5726810	Europa
Mar 01, 2021	9904204	Grant (prize money)	8371199	3418491	9963342	Europa

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View details of Medtronic's funding rounds and investors

The founders of Medtronic are Bill Peine, Palmer Hermundslie and Earl Bakken. Earl Bakken and Geoff Martha are the CEOs of Medtronic.

Here are the details of Medtronic's key team members:

Bill Peine: Founder & VP of Research & Technology of Medtronic.
Contact Info: 1 email address
Palmer Hermundslie: Co-Founder of Medtronic.
Contact Info: 1 email address
Earl Bakken: Co-CEO of Medtronic.
Contact Info: 1 email address

View details of Medtronic's Founder profiles and Board Members

Medtronic's employee count trend

Medtronic has 100,909 employees as of Sep 26. Here is Medtronic's employee count trend over the years:

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Top competitors of Medtronic include Boston Scientific, Abbott and BD. Here is the list of Top 10 competitors of Medtronic, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Medtronic 1949, Minneapolis (United States), Public	Manufacturer of medical technology and healthcare solutions	-	Greyrock Investments, Digital Pharma Lab ... & 26 others	83/100
2nd	Boston Scientific 1979, Marlborough (United States), Public	Wide range of medical devices	-	JANA Partners, Endeavour Vision & 12 others	82/100
3rd	Abbott 1888, Libertyville (United States), Public	Developer of medical devices, generic pharmaceuticals, and nutrition products	-	MSN Laboratories, Digital Pharma Lab & 12 others	73/100
4th	BD 1897, Franklin Lakes (United States), Public	Manufacturer and distributor of medical devices, diagnostic instruments, and laboratory equipment	-	Gershon Capital, Tekla Capital Management ... & 6 others	73/100
5th	Danaher 1969, Washington, DC (United States), Public	R&D company focused on manufacturing dental equipment for multiple therapeutic areas	-	Ventana Capital Management, Bank of America	71/100
6th	Trivitron 1997, Chennai (India), Series C	Provider of medical technology and devices for healthcare industry needs	$109M	Fidelity Investments, True North & 21 others	68/100
7th	HOYA 1941, Shinjuku (Japan), Public	Developer of a wide range of medical devices	-	-	66/100
8th	Biorad Medisys 2007, Pune (India), Series A	Manufacturer of medical devices for orthopaedic, neurovascular, and endovascular procedures	$53.4M	InvAscent, BioMediCon & 5 others	65/100
9th	CONMED 1987, Utica (United States), Public	R&D company focused on manufacturing of surgical instruments for multiple therapeutic areas	-	Hudson River Capital Partners, J P Morgan Wealth Management ... & 2 others	64/100
10th	Teleflex Medical 1943, Wayne (United States), Public	Provider of medical devices for emergency medicine and various health conditions	-	Amzak Health, TATRC & 2 others	64/100

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Medtronic has made 95 investments in companies including Pi-Cardia and RapidPulse. Medtronic has also acquired 74 companies including SPR and CathWorks.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 01, 2026	Investments	Pi-Cardia	2009	Rehovot (Israel)
Jul 16, 2026	Investments	RapidPulse	2021	Miami (United States)
Jun 18, 2026	Investments	CoreMap	2017	Burlington (United States)