What is Forest Devices?
Founded in 2015 and based in Pittsburgh, Forest Devices is a medical device startup focused on revolutionizing stroke detection. The company is developing AlphaStroke, a pioneering device designed for rapid stroke identification in any environment. Its mission is to significantly reduce the long-term disability associated with stroke by accelerating patient access to critical treatments. The company's commitment to innovation in emergency medical technology positions it as a key player in the medtech landscape.
How much funding has Forest Devices raised?
Forest Devices has raised a total of $3.7M across 3 funding rounds:
Debt
$1.3M
Angel/Seed
$2.3M
Debt
$131K
Debt (2017): $1.3M, investors not publicly disclosed
Angel/Seed (2018): $2.3M led by Innovation Works
Debt (2021): $131K supported by PPP
Key Investors in Forest Devices
Innovation Works
Innovation Works is a prominent seed-stage venture capital firm based in Pittsburgh, known for its focus on supporting technology startups and fostering regional economic development.
PPP
Public-Private Partnership
What's next for Forest Devices?
The recent major strategic investment in Forest Devices signals a pivotal moment for the company, likely enabling it to scale its operations, advance the AlphaStroke technology through regulatory pathways, and expand its market reach. This capital infusion is expected to accelerate the commercialization of their stroke detection solution, potentially transforming emergency stroke care and improving patient outcomes globally. The company's focus on addressing a critical unmet need in healthcare suggests a strong potential for future growth and impact.
See full Forest Devices company page
