About Medical Devices sector in Pittsburgh, United States
The Medical Devices sector in Pittsburgh, United States comprises 62 companies, including 45 funded companies having collectively raised $538M in venture capital money and private equity. Out of these, 14 are Series A+ funded.
Medical Devices sector in Pittsburgh, United States has seen 7 acquisitions. This represents almost 11.3% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes companies engaged in R&D for developing medical devices for the diagnosis and treatment of various medical conditions.
Medical Devices sector is also known as Medical Devices Solutions, Advanced Medical Devices or Digital Medical Devices.
Medical devices used for treatment, screening, and diagnosis of diseases are included in this sector. Healthcare Service Providers, Digital Health Software Solutions (Apps and Web-based solutions), Traditional Medical Devices are excluded.
Top Medical Devices Companies in Pittsburgh, United States
There are 62 Medical Devices startups in Pittsburgh, United States which include Apollo Neuroscience, ALung, PECA Labs, TandemLife, ActivAided. Out of these, 45 startups are funded, with 14 having secured Series A+ funding.
Over the past 10 years, an average of 2 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Carnegie Mellon University and Imperial College London.
Here is the list of top Medical Devices startups in Pittsburgh, United States
Developer of wearable technology for stress reduction, sleep improvement, and performance enhancement. The product uses gentle vibrations to modulate the vagus nerve, impacting heart rate variability and promoting relaxation and better sleep. It offers various vibration patterns designed to address specific needs, such as stress management, improved focus, and sleep optimization. The technology is backed by scientific research and is intended as a wellness tool to support a healthy lifestyle.
Key facts about Apollo Neuroscience
- Founded Year: 2017
- Location: Pittsburgh (United States)
- Stage: Series A
- Total Funding till date: $30.7M
- Investors: Noetic Psychedelic Fund, Republic Capital and 9 Others
- Latest Funding Round: Series A, Apr 15, 2024, $*****
- Tracxn Score: 62/100 What is this?
- Competitors Rank: 2 of 320 Competitors
2. ALung
Developer of extracorporeal CO2 removal system to supplement mechanical ventilation. TheHemolung Cartridge couples a centrifugal blood pump and gas exchange membrane into one device.
Key facts about ALung
- Founded Year: 1997
- Location: Pittsburgh (United States)
- Stage: Acquired
- Total Funding till date: $150M
- Investors: Eagle Ventures, Birchmere Ventures and 14 Others
- Latest Funding Round: Series C, May 06, 2021, $*****
- Tracxn Score: 49/100 What is this?
- Competitors Rank: 5 of 151 Competitors
3. PECA Labs
Developer of pediatric cardiac surgical devices. PECA Labs has developed the MASA valve, a synthetic valved conduit for pediatric right ventricular outflow tract reconstruction. Uses ePTFE material and RVOT-specific design to differentiate from existing alternatives. PECA is developing a valved RV-PA shunt for the treatment of hypoplastic left heart syndrome (HLHS). This device is expected to decrease the high mortality and morbidity rates associated with the Norwood Procedure.
Key facts about PECA Labs
- Founded Year: 2011
- Location: Pittsburgh (United States)
- Stage: Series B
- Total Funding till date: $22.6M
- Investors: BlueTree Allied Angels, Warren Point Capital and 5 Others
- Latest Funding Round: Series B, Nov 06, 2025, $*****
- Tracxn Score: 48/100 What is this?
- Competitors Rank: 3 of 26 Competitors
4. TandemLife
Advanced circulatory support systems and devices, educational resources, and customer support. This business provides advanced medical devices like the LifeSPARC System, ProtekDuo, TandemHeart, and TandemLung, along with procedure kits. It offers a digital resource library with downloadable guides and instructional videos for healthcare professionals. The focus is on supporting customers with clinical and customer service, addressing product questions, and handling product complaint reporting. The business is winding down its Advanced Circulatory Support Business Unit, providing educational resources and key information to assist customers during this transition. It offers specialized cannulae and accessories, emphasizing professional use and adherence to labeling guidelines for different countries. The business is committed to innovation and quality in the medical device sector, ensuring healthcare providers have access to essential tools and information.
Key facts about TandemLife
- Founded Year: 1996
- Location: Pittsburgh (United States)
- Stage: Acquired
- Total Funding till date: $33M
- Investors: Advent Life Sciences, HBM Healthcare Investments and 2 Others
- Latest Funding Round: Series C, Feb 08, 2001, $*****
- Tracxn Score: 44/100 What is this?
- Competitors Rank: 25 of 126 Competitors
5. ActivAided
Biofunctional gear optimizing posture, relieving pain, and regaining life. This company designs and develops innovative orthotics aimed at improving posture and body mechanics. They focus on creating products that bridge the gap between training, healing, and optimal physical efficiency. Their posture training products are engineered to alleviate pain and restore individuals to an active lifestyle. They offer solutions like posture training shirts and prescription-based orthotics covered by insurance. Their products are designed to work dynamically with the body, triggering muscle activation and promoting lasting posture habits. The company emphasizes smart fit design, ensuring adjustability, motion promotion, and discreet wearability. They combine medical expertise with real-world applications to deliver effective posture training, promoting strength, health, and pain relief. They cater to healthcare professionals, DME distributors, physicians, physical therapists, and industry partners, offering wholesale distribution opportunities.
Key facts about ActivAided
- Founded Year: 2011
- Location: Pittsburgh (United States)
- Stage: Acquired
- Total Funding till date: $175K
- Investors: Innovation Works, Carnegie Mellon University and 3 Others
- Latest Funding Round: Grant (prize money), May 13, 2013, $*****
- Tracxn Score: 42/100 What is this?
- Competitors Rank: 1 of 13 Competitors
Companies founded year-on-year in the Medical Devices sector in Pittsburgh
6 Medical Devices startups in Pittsburgh were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | 2 |
2023 | - |
2022 | - |
2021 | 3 |
2020 | 1 |
2019 | 6 |
2018 | 6 |
2017 | 5 |
Stage-wise distribution of Medical Devices sector companies in Pittsburgh
Out of the total 62 Medical Devices companies in Pittsburgh, 45 have secured funding. Among them, 14 have reached Series A or higher, and 10 to Series B or beyond.
Founded - 62
Funded - 45
Series A+ - 14
Series B+ - 10
Series C+ - 8
Company Stage | No. of companies |
|---|---|
Founded | 62 |
Funded | 45 |
Series A+ | 14 |
Series B+ | 10 |
Series C+ | 8 |
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Funding Trends in the Medical Devices sector in Pittsburgh
Total funding year-on-year in the Medical Devices sector in Pittsburgh
The Medical Devices sector in Pittsburgh saw a total funding of more than $230M in the last 10 years. The most amount of funding was in 2017 at more than $87.6M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $13.1M |
2024 | $15.7M |
2023 | $10.7M |
2022 | $25.4M |
2021 | $13.8M |
2020 | $15.6M |
2019 | $19.2M |
2018 | $10.3M |
2017 | $87.6M |
Recent Funding Rounds in Medical Devices in Pittsburgh
In the year 2025, till December 2025, Medical Devices companies in Pittsburgh have raised $5.4M in equity funding across 4 rounds.
In the same period last year (i.e. till December 2024), Medical Devices companies in Pittsburgh had raised $14.8M across 3 rounds.
So, 2025 has seen a 63.4% drop in funding in Medical Devices companies in Pittsburgh as compared to 2024.
Here are some recent, important funding rounds in Medical Devices companies in Pittsburgh:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9211 | Dec 11, 2025 | ||
Series B | 2683 | Nov 06, 2025 | - | |
Seed | 7943 | Sep 15, 2025 | - | |
Seed | 8283 | May 20, 2025 | - | |
Series B | 5006 | Dec 12, 2024 | - |
Top Investors in Medical Devices in Pittsburgh
Pittsburgh Life Sciences Greenhouse is the top investor in Medical Devices companies in Pittsburgh based on number of companies invested.
Here are some top investors in Medical Devices companies in Pittsburgh:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Pittsburgh (United States) | ||
State College (United States) | - | |
Pittsburgh (United States) | ||
Pittsburgh (United States) | ||
Pittsburgh (United States) | ALung and Cohera Medical |
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M&A activity in Medical Devices sector in Pittsburgh
In the year 2022, till May 2022, 1 acquisition happened in Medical Devices sector in Pittsburgh. Last year, in 2021, a total of 1 acquisition happened in Medical Devices sector in Pittsburgh.
Here are some recent, important acquisitions in Medical Devices sector in Pittsburgh:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | May 05, 2022 | ||
Business Acquisition | Dec 27, 2021 | ||
Business Acquisition | Feb 14, 2018 | ||
Business Acquisition | Sep 15, 2016 | ||
Business Acquisition | Apr 30, 2013 |
Acquisition trends in Medical Devices sector in Pittsburgh
Here are the acquisition trends in Medical Devices sector in Pittsburgh:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 1 |
2021 | 1 |
2020 | - |
2019 | - |
2018 | 1 |
2017 | - |
Colleges which produce the most Medical Devices companies in Pittsburgh
Companies founded by alumni from top colleges in the Medical Devices in Pittsburgh
Most number of Medical Devices startups in Pittsburgh have been founded by alumni from Carnegie Mellon University and Imperial College London.
College | No. of companies |
|---|---|
Carnegie Mellon University | 7 |
Imperial College London | 1 |
Total funding in Medical Devices companies founded by alumni from top colleges in Pittsburgh
In the last 10 years, Carnegie Mellon University graduates' Medical Devices companies in Pittsburgh have raised the most funding among top colleges. Imperial College London alumni are second.
College | Total Funding |
|---|---|
Carnegie Mellon University | $33M |
Imperial College London | $554K |
Top News in Medical Devices in Pittsburgh
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PECA Labs Adds Joseph E. Bavaria, MD to Board of DirectorsBusiness Wire•Jul 30, 2024•PECA Labs, Jefferson Health
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Cardiovascular Implant Company PECA Labs Names Three New Board MembersBusiness Wire•Jul 18, 2023•PECA Labs
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First Successful in-Human Implant of PECA Labs’ MASA Valve CompletedMedical Product Outsourcing•Jun 14, 2023•PECA Labs
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Reach Neuro wins FDA breakthrough nod for movement restoration platformMassDevice•Apr 10, 2023•Reach Neuro
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