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A company providing medical technology, service and solutions to treat chronic diseases.

Medtronic is a company providing medical technology, service and solutions to treat chronic diseases that is headquartered in Minneapolis, Minnesota and was founded in 1949 by Daniel Grossman, Earl Bakken, Palmer Hermundslie, and Patrick Wells.

Medtronic is among the largest medical device companies in the world. With over 90,000 employees and operations in 150 countries. Medtronic provides products for treating many health conditions including cardiac devices, cranial and spine robotics, insulin pumps, surgical tools, patient monitoring systems, and more.


Medtronic was founded in 1949 as a medical equipment repair shop operating out of a Minneapolis garage. Highlights from the company's history include:

  • 1957 - Created the first external, wearable, battery-powered, transistorized heart pacemaker, and commercialized the first implantable pacemaker in 1960.
  • 1977 - Introduced the prosthetic heart valve.
  • 1983 - Expanded into neuro-stimulation.
  • 1999 - Expanded into spinal care.
  • 2001 - Expanded into diabetes care
  • 2015 - Acquired Covidien a manufacturer of medical devices and supplies.
  • 2016 - Introduced the world's smallest pacemaker and the first hybrid closed-loop insulin delivery.
  • 2017 - Introduced the world's smallest implantable spinal cord stimulator.
  • 2019 - Launched Mazor X Stealth Edition system for robotic-assisted spine surgery.
COVID-19 response

Medtronic announced on March 18, 2020 they have increased the production of their ventilators by 40%, and plan to double their manufacturing and supply capacity of ventilators in response to the COVID-19 pandemic. The company will double their employees focused on manufacturing ventilators and add additional ventilator productions shifts to help increase its overall ventilator manufacturing capacity. The executive vice president and president of the Minimally Invasive Therapies Group at Medtronic, Bob White, made the following statements regarding the COVID-19 pandemic and the company's response:

Medtronic recognizes the demand for ventilators in this environment has far outstripped supply. “No single company will be able to fill the current demands of global healthcare systems. However, with all manufacturers increasing their production and through partnerships with governments, hospitals and global health organizations, Medtronic is committed to getting more ventilators into the market and to the right locations in the world to help doctors and patients dealing with COVID-19.
Post-IPO equity

On August 15, 2016 Medtronic announced raising $20 million in post-ipo equity funding from Trade Capital Funding.


April 26, 2021
Medtronic announces a partnership to interface Surgical Theater's SyncARTM augmented reality (AR) technology with Medtronic's StealthStationTM S8 surgical navigation system.
July 15, 2020
Medtronic says it aims to acquire Medicrea, maker of patient-specific, 3D-printed spine implants.

June 15, 2020
Medtronic announces a $337 million product investment from Blackstone Life Sciences to expand development of future diabetes technologies.
May 9, 2019
Philips announced collaboration with Medtronic to further advance the image-guided treatment of atrial fibrillation

Royal Philips announced a collaboration with Medtronic to further advance treatment of paroxysmal atrial fibrillation (PAF), a heart rhythm disorder.

December 19, 2018
Medtronic (NYSE:MDT) said today that it closed the $1.7 billion acquisition of Mazor Robotics (NSDQ:MZOR) and its robot-assisted surgery platform, capping the buyout with the announcement that their first jointly produced product won an FDA nod.

With today's announcement, in bringing the two companies together Medtronic aims to accelerate the advancement and adoption of robotic-assisted surgery in spine for the benefit of patients, providers, and the healthcare system more broadly," restorative therapies president Geoff Martha said in prepared remarks.

January 4, 2013
Medtronic raises a $120,000 seed round.
August 24, 2012
Medtronic raises a $8,600,000 series B round.
June 1, 2011
Medtronic raises a $18,730,400 series A round from Wellington Partners.
March 7, 2011
Medtronic raises a $2,399,250 series A round.
July 14, 2010
Medtronic raises a $15,000,000 series D round from Alloy Ventures, Delphi Ventures, Highland Capital Partners and Sutter Hill Ventures.

Funding Rounds




Further Resources


2020 Corporate Citizenship: Supporting a Global Workforce


October 28, 2020

Correction: Medtronic Continuing to Increase Ventilator Production to Address COVID-19 Pandemic

Medtronic plc


March 18, 2020

Life-transforming technology


October 12, 2021

Meditronic Explores The Next Frontier In Healthcare: Regenerative Medicine



Medtronic engineers around the globe share #WhatEngineersDo


February 17, 2022


Conor Hale
October 11, 2021
Medtronic has secured European approval for its Hugo surgical robot, clearing the way for the system to make its continental debut in multiple countries.
Conor Hale
October 1, 2021
Medtronic unveiled three new products that it's adding to its portfolio of tools for minimally invasive spine surgery. The latest offerings focus on TLIF procedures, and join up with the medtech giant's suite of navigation, AI and robotics technologies.
Andrea Park
October 1, 2021
Jeff Cambra has held top spots at Zimmer Biomet, Medtronic and more, and is now offering up that expertise to take on the role of CEO at SpinaFX.
Andrea Park
September 28, 2021
Barely a year after the Rist radial access catheter technology made its operating room debut in Chicago last September, Medtronic has progressively expanded its availability across the U.S. and now, with a freshly minted CE mark, will also bring the devices overseas.
Andrea Park
September 20, 2021
Two deaths have been linked to the recall so far, according to the FDA, in addition to 10 serious injuries and another 59 reports of device malfunctions.


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