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 May 31, 2026, the latest employee count at Medtronic is 97677.

Is Medtronic a funded company?

Medtronic is a funded company, having raised an undisclosed amount across 16 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 30, 2025

Where does Medtronic rank among its competitors?

Medtronic ranks 3rd amongst 2142 active competitors, of which 87 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was GE Healthcare, which secured $440K in Sep, 2025.

Who are the top competitors of Medtronic?

Medtronic's top competitors include Boston Scientific, Abbott and GE Healthcare. Among them, GE Healthcare secured the most recent funding round in September, 2025.

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

Company Details

Manufacturer of medical devices and technology for complex health conditions. This entity produces equipment and therapies designed to address intricate physiological issues and chronic ailments. The core focus involves developing healthcare systems and tools that support clinical interventions and disease management. Research and development efforts center on creating instrumentation for cardiac health, diabetes care, and stroke prevention. These offerings provide practitioners with specialized equipment to optimize treatment outcomes and patient recovery paths.

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

New Enterprise Associates & 28 more

Ranked

3^rd among 2142 active competitors

Annual Revenue

$1B+ as on Apr 30, 2025

Employee Count

97,677 as on May 31, 2026

Investment & Acquisitions

RapidPulse & 167 more

Similar Companies

Boston Scientific & 2157 more

Exit Details

Public

View Medtronic's full profile

Medtronic is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MEDTRONIC A/S CIN: 59967517 , Denmark, Deadpooled	Dec 29, 1942	-	-
Medtronic, Inc. CIN: 001t000000WmVdLAAV , United States, Active	Jul 15, 1976	-	-	-
MEDTRONIC ENGINEERING AND INNOVATION CENTER PRIVATE LIMITED CIN: U73100TG2011PTC073723 , India, Active	Apr 06, 2011	₹500 - ₹1,000 Cr (As on Mar 31, 2025)	1114 (As on Sep 30, 2024)
MEDTRONIC PLC CIN: 1613103 , United States, Active		$1B+ (As on Apr 30, 2025)	-	-
Medtronic Inc CIN: 64670 , United States, Active		$1B+ (As on Apr 30, 2014)	-	-
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)

Medtronic got listed on Dec 28, 1984.

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

Medtronic has raised funding over 16 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 29 institutional investors.

Here is the list of recent funding rounds of Medtronic:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2022	6652751	Grant (prize money)	8486668	8764520	2229843	4825608
Mar 14, 2021	4168673	Grant (prize money)	6296589	7235245	4832844	Europa
Mar 01, 2021	8075681	Grant (prize money)	3955211	2223886	9417640	Europa

Access funding benchmarks and valuations. Sign up today!

View details of Medtronic's funding rounds and investors

The founders of Medtronic are Massimiliano Pipino, Bill Peine, Palmer Hermundslie and Earl Bakken. Earl Bakken is the CEO of Medtronic.

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

Massimiliano Pipino: CFO of Medtronic.
Contact Info: 1 email address
Bill Peine: Founder & Lead, Medtronic Robotics Technology Development Center of Medtronic.
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 97,677 employees as of May 26. Here is Medtronic's employee count trend over the years:

Uncover Medtronic's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Medtronic include Boston Scientific, Abbott and GE Healthcare. 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	Boston Scientific 1979, Marlborough (United States), Public	Wide range of medical devices	-	JANA Partners, Endeavour Vision & 10 others	81/100
2nd	Abbott 1888, Libertyville (United States), Public	Developer of medical devices, generic pharmaceuticals, and nutrition products	-	MSN Laboratories, Digital Pharma Lab & 12 others	80/100
3rd	Medtronic 1949, Minneapolis (United States), Public	Manufacturer of medical devices and technology for complex health conditions	-	New Enterprise Associates, Greyrock Investments ... & 27 others	80/100
4th	GE Healthcare 1892, Chicago (United States), Public	Manufacturer of medical imaging systems and clinical patient monitoring equipment	$29.1M	Gates, gov.il & 5 others	78/100
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	69/100
6th	Baxter 1931, Deerfield (United States), Acquired	Provides biosciences, medication delivery and renal products	-	Bregal Sagemount, Triodos Investment Management ... & 7 others	68/100
7th	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
8th	Stryker 1941, Kalamazoo (United States), Acquired	Manufacturer of 3D-printed orthopedic products	-	Gefinor Capital, Castle Investment Management ... & 6 others	66/100
9th	SAGE Therapeutics 1971, Boston (United States), Acquired	Developer of drug candidates for the treatment of rare CNS disorders	$106M	Foresite Capital, Orbimed & 12 others	66/100
10th	HOYA 1941, Shinjuku (Japan), Public	Developer of a wide range of medical devices	-	-	66/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Medtronic's competitors? Click here to see the top ones

Medtronic has made 94 investments in companies including RapidPulse and CoreMap. 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
Jul 16, 2026	Investments	RapidPulse	2021	Miami (United States)
Jun 18, 2026	Investments	CoreMap	2017	Burlington (United States)
Jun 04, 2026	Investments	CereVasc	2015	Auburndale (United States)