B

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.

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About Bigfoot Biomedical

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

Industries

Data & AnalyticsEnterprise SoftwareHealthcare

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$259.5M

Headquarters

Milpitas, CA

Founded

2014

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Simplify's take

What believers are saying

  • Bigfoot reported smartloop AID trial enrollment across Stanford, Sansum, and Colorado in 2026.
  • Abbott's 2026 diabetes portfolio gives Bigfoot distribution, manufacturing, and reimbursement muscle.
  • Connected insulin ecosystems fit payers demanding fewer hypoglycemia events and richer remote monitoring.

What critics are saying

  • Abbott completed Bigfoot's acquisition in 2023, eliminating independent strategic control.
  • Smartloop still depends on FDA approval and multi-site trial execution before commercialization.
  • Abbott can shelve Bigfoot's roadmap entirely, killing the standalone brand.

What makes Bigfoot Biomedical unique

  • Abbott owns Bigfoot's smart insulin pen-cap IP and connected diabetes workflow since 2023.
  • Bigfoot Unity remains the first FDA-cleared connected insulin pen-cap system.
  • Its CGM-linked dosing recommendations tie sensors, pen caps, and clinician instructions together.

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Funding

Total Funding

$259.5M

Above

Industry Average

Funded Over

9 Rounds

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

Growth & Insights and Company News

6 month growth

-24%

1 year growth

-25%

2 year growth

-25%
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
Sep 11th, 2023
Abbott Partners With Bigfoot Biomedical To Integrate Diabetes Devices

Abbott partners with Bigfoot Biomedical to integrate Diabetes devices.

HEM 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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