Bigfoot Biomedical

Bigfoot Biomedical

Digital platform for insulin management and monitoring

About Bigfoot Biomedical

Simplify's Rating
Why Bigfoot Biomedical is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$224.7M

Headquarters

Milpitas, California

Founded

2014

Overview

Bigfoot Biomedical provides solutions for individuals with Type 1 and Type 2 diabetes who need insulin therapy through a digital drug delivery platform that simplifies insulin management. This platform operates as a service, offering ongoing support and remote monitoring, allowing healthcare providers to track patients' health data efficiently. The company partners with healthcare providers and uses a subscription-based model for revenue, ensuring continuous access to their services. Bigfoot Biomedical aims to make diabetes care simpler and more accessible, reducing the burden of diabetes and improving health equity.

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Simplify's Take

What believers are saying

  • Integration with AI-driven analytics enhances personalized insulin dosing capabilities.
  • The rise of telehealth expands Bigfoot's remote monitoring capabilities.
  • FDA's focus on digital health accelerates Bigfoot's product development.

What critics are saying

  • Increased competition from Surf Bio's drug stabilization platform in low-income countries.
  • Challenges in integrating technology with Abbott's systems post-acquisition.
  • Narrowing focus to pen-based systems may limit market opportunities.

What makes Bigfoot Biomedical unique

  • Bigfoot Biomedical offers a comprehensive digital drug delivery platform for insulin management.
  • The company integrates Abbott's FreeStyle Libre CGM for real-time glycemic alerts.
  • Bigfoot Biomedical employs a subscription model for continuous support and monitoring.

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Funding

Total Funding

$224.7M

Above

Industry Average

Funded Over

6 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Company News

Business Wire
Apr 30th, 2024
Surf Bio Announces $1.6 Million Non-Dilutive Grant

PALO ALTO, Calif.--(BUSINESS WIRE)--Surf Bio, Inc., a biopharmaceutical company commercializing a novel drug stabilization platform, has received a $1.6 million grant from the Bill Melinda Gates Foundation. The grant will provide funding to evaluate the use of the company’s lead technology toward increasing the thermostability and deliverability of a monoclonal antibody in low- and middle-income countries. Surf Bio’s novel polymer technology enables the formulation of biologics at higher concentrations and in a more thermostable form than is currently available. Surf Bio's technology offers significant opportunities for improving the accessibility of advanced therapeutics in low- and middle-income countries by eliminating the requirement for refrigeration and enabling subcutaneous administration of biologics. “Surf Bio’s stabilization platform enables pharmaceutical formulations and delivery in resource-constrained settings that are not currently possible with today’s technologies,” said Bryan Mazlish, co-founder and CEO, Surf Bio. “We are thrilled to receive support from the Bill Melinda Gates Foundation to advance the use of our technology to enable greater access to biologics in low- and middle-income countries.”

Pharm Tales
Sep 11th, 2023
Abbott Partners With Bigfoot Biomedical To Integrate Diabetes Devices

Abbott partners with Bigfoot Biomedical to integrate Diabetes devices.

HME News
Sep 8th, 2023
In brief: AAHomecare survey, Bigfoot sale, Medtronic lawsuit

ABBOTT PARK, Ill. and MILPITAS, Calif. - Abbott will acquire Bigfoot Biomedical, a developer of smart insulin management systems.

Finsmes
Sep 6th, 2023
Abbott to Acquire Bigfoot Biomedical

Abbott (NYSE: ABT) is to acquire Bigfoot Biomedical, a Milpitas, CA-based company developing smart insulin management systems for people with diabetes

PR Newswire
Sep 5th, 2023
Abbott to Acquire Bigfoot Biomedical, Furthering Efforts to Develop Personalized, Connected Solutions for People with Diabetes

ABBOTT PARK, Ill. and MILPITAS, Calif. , Sept. 5, 2023 /PRNewswire/ -- Abbott (NYSE: ABT ) and Bigfoot Biomedical today announced a definitive agreement for Abbott to acquire Bigfoot, a leader in developing smart insulin management systems for people with diabetes.

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