Bigfoot Biomedical

Bigfoot Biomedical

Digital insulin management with remote monitoring

Overview

Bigfoot Biomedical provides a subscription-based digital drug delivery platform for insulin management, delivered through partnerships with healthcare providers. The platform combines patient-facing tools with remote physiologic monitoring to track glucose, insulin usage, and other health data, offering ongoing support and services rather than a one-time product. It integrates with provider workflows to enable RPM, allowing clinicians to monitor patients remotely and adjust therapy as needed. The company differs from competitors by focusing on a service-based, provider-centered approach that emphasizes simplicity, accessibility, and health equity, backed by Silicon Valley expertise. Its goal is to reduce the daily burden of diabetes, broaden access to effective insulin management, and help healthcare providers deliver optimal care.

About Bigfoot Biomedical

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

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$259.5M

Headquarters

Milpitas, California

Founded

2014

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Simplify's Take

What believers are saying

  • Real-world study shows Bigfoot Unity improves glycemic control for MDI therapy patients.
  • Abbott's September 2023 acquisition provides resources for personalized diabetes solutions expansion.
  • FDA clearance in May 2021 enables market access for type 1 and type 2 diabetes management.

What critics are saying

  • Abbott integration delays disrupt Unity's FreeStyle Libre 2 dependency within 6-12 months.
  • Medtronic MiniMed 780G and Tandem Control-IQ dominate closed-loop market in 12-24 months.
  • Payers deny subscription model reimbursement as non-durable equipment in 6-18 months.

What makes Bigfoot Biomedical unique

  • Bigfoot Unity offers first FDA-cleared smart pen caps integrating FreeStyle Libre 2 CGM data.
  • Unity supports major brands of disposable long-acting and rapid-acting insulin pens.
  • System delivers insulin dose recommendations via subscription model with real-time hypo alerts.

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Funding

Total Funding

$259.5M

Above

Industry Average

Funded Over

9 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt 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.”

Pharmtales.com
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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