What is Forest Devices?
Founded in 2015, Forest Devices is a specialized medical technology startup dedicated to addressing the critical time-sensitivity of stroke treatment. The company's flagship innovation, AlphaStroke, represents a significant advancement in diagnostic capabilities, designed to identify stroke symptoms in any environment. By enabling rapid detection, the technology aims to drastically reduce long-term disability for stroke victims by facilitating immediate access to life-saving interventions. As a key player in the medtech sector, Forest Devices leverages its strategic location in Pittsburgh to tap into a robust ecosystem of healthcare innovation and engineering talent.
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
A prominent venture development organization that provides capital and operational support to early-stage technology companies in the Pittsburgh region.
PPP
Public-Private Partnership
Undisclosed Investor
An institutional backer providing essential capital to support the research and development of medical diagnostic hardware.
What's next for Forest Devices?
With the recent infusion of capital, Forest Devices is well-positioned to accelerate the commercialization and regulatory pathways for its AlphaStroke platform. The strategic focus will likely shift toward expanding clinical validation studies and optimizing the device for broader integration into emergency medical services. As the company transitions into a more mature phase of its lifecycle, the emphasis will remain on scaling manufacturing capabilities and establishing partnerships with major healthcare providers. This strategic roadmap is designed to solidify the company's market share in the diagnostic space while maintaining its core mission of improving patient outcomes through technological precision.
See full Forest Devices company page
