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 Dec 31, 2025, the latest employee count at Medtronic is 95000.

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 2478 active competitors, of which 93 are funded. It stands 6th 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 Becton Dickinson. 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 Palmer Hermundslie, Earl Bakken and Bill Peine. It operates as a Manufacturer of medical devices and technologies for healthcare clinical applications. Medtronic has raised an undisclosed amount in funding. The company has 2478 active competitors, including 93 funded and 165 that have exited. Its top competitors include companies like Boston Scientific, Abbott and Becton Dickinson.

Company Details

Manufacturer of medical devices and technologies for healthcare clinical applications. The product portfolio includes solutions for cardiac rhythm management, cardiovascular health, diabetes management, digestive and gastrointestinal care, neurological disorders, and spinal and orthopedic surgery. Additional offerings encompass surgical robotics, patient monitoring systems, and surgical instrumentation for various medical specialties. The organization provides educational resources, training programs, and reimbursement support for healthcare professionals and clinical institutions. Patient services include information on medical conditions, treatment therapies, and device management tools.

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 & 28 more

Ranked

3^rd among 2478 active competitors

Annual Revenue

$1B+ as on Apr 30, 2025

Employee Count

95,000 as on Dec 31, 2025

Investment & Acquisitions

RapidPulse & 167 more

Similar Companies

Boston Scientific & 2494 more

Exit Details

Public

View Medtronic's full profile

Medtronic is associated with 7 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)	95000 (As on Dec 31, 2025)	-
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)
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 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	3867703	Grant (prize money)	9587494	8831517	6088394	5280107
Mar 14, 2021	8144894	Grant (prize money)	4038441	8822025	7633275	Europa
Mar 01, 2021	3290593	Grant (prize money)	3045661	4964344	7004397	Europa

Access funding benchmarks and valuations. Sign up today!

View details of Medtronic's funding rounds and investors

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

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

Palmer Hermundslie: Co-Founder of Medtronic.
Contact Info: 1 email address
Earl Bakken: Co-CEO of Medtronic.
Contact Info: 1 email address
Bill Peine: Founder & Lead, Medtronic Robotics Technology Development Center of Medtronic.

View details of Medtronic's Founder profiles and Board Members

Medtronic's employee count trend

Medtronic has 95,000 employees as of Dec 25. The total employee count is the same as what it was in Dec 24. 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 Becton Dickinson. 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 technologies for healthcare clinical applications	-	Greyrock Investments, Digital Pharma Lab ... & 27 others	80/100
4th	Becton Dickinson 1897, Franklin Lakes (United States), Public	Manufacturer of medical devices, diagnostic systems, and medication management technology	-	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	69/100
6th	Baxter 1931, Deerfield (United States), Acquired	Provides biosciences, medication delivery and renal products	-	Triodos Investment Management, Bregal Sagemount ... & 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	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
9th	HOYA 1941, Shinjuku (Japan), Public	Developer of a wide range of medical devices	-	-	66/100
10th	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

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)