Revive Solutions
Healthcare technology company develop automated external defibrillator
About Revive Solutions
Revive Solutions, Inc. operates as a healthcare technology company focused on developing a next-generation automated external defibrillator (AED) to address Sudden Cardiac Arrest (SCA).
The company was founded in mid-2017 by Rory Beyer, who serves as CEO, and Sameer Jafri, the company's President and COO. Their mission is to increase survival rates from SCA, which have remained stagnant for years. In September 2019, the company rebranded to Avive Solutions, Inc. following a trademark dispute. The founding team aimed to tackle the accessibility issues plaguing the AED market, such as lack of portability, intimidating user interfaces, and high costs.
Revive Solutions is developing a modernized, ultra-portable, and affordable AED paired with software solutions. The business model centers on the commercial launch of this device upon receiving FDA approval. The product is designed to be easy to use and maintain, making it accessible to a broader consumer market beyond trained health professionals. By creating a more user-friendly device, the company targets the gap in the market for readily available AEDs where they are most needed. To fund the completion of its regulatory submission and prepare for commercial launch, the company has successfully raised capital. In December 2018, Revive Solutions announced a $3.4 million seed financing round led by Greenbox Venture Partners, with participation from Rock Health, HealthTech Capital, and Hippocrates VC, bringing its total funds raised to over $6 million at the time.
The company's core product is an advanced AED designed to be more intuitive for bystanders during an emergency. Sudden Cardiac Arrest is a leading cause of death, and immediate access to an AED is critical for survival. Revive's device aims to overcome the limitations of existing defibrillators, which are often seen as intimidating and difficult to use without training. The accompanying software solutions are intended to revolutionize emergency response to cardiac arrest incidents.
Source: Dealroom company dataAt a glance
- Founded
- 2017
- Headquarters
- Brisbane, United States
- Sector
- Biotech & Life Sciences
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
HealthTech Capital
Hippocrates Ventures
Rock Health
Series A1 investor entered at this stage
IrishAngels
Source: Dealroom Talent Intelligence.
Global footprint
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