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Saluda Medical

Health Tech & Medtech · Sydney, Australia · Founded 2013 · IPO 2025

Dedicated to improving the lives of people by providing personalized, responsive, and efficient neuromodulation therapy (spinal cord stimulation ) MoreLess

Saluda Medical is a pioneering healthcare startup that operates in the field of neuromodulation, specifically spinal cord stimulation (SCS). The company has developed a unique technology that measures the spinal cord's physiological response to stimulation, using Evoked Compound Action Potentials (ECAPs). ECAPs are electrical signals generated by the nervous system, and Saluda's technology allows for the first time, an objective measurement of these signals in the spinal cord.

The company's primary product is the Evoke® System, which uses ECAPs to provide smart neuromodulation therapy. This system listens and responds to each patient's unique neural signature, providing a more personalized and effective treatment. The Evoke® System has shown clinical superiority in a double-blinded, randomized clinical trial, demonstrating enduring patient outcomes.

Saluda Medical's business model revolves around providing this innovative technology to clinicians and healthcare providers. By offering a more objective and accurate measure of neural activation, the company empowers clinicians to provide more consistent pain relief to their patients. This is particularly important as neural activation is the mechanism that drives pain inhibition.

In terms of future potential, Saluda's proprietary SmartLoop™ technology could have broad applications in the field of neuromodulation, including therapies such as vagal nerve, sacral nerve, and deep brain stimulation. This suggests that the company has a significant growth potential in the expanding market of neuromodulation therapies.

Keywords: Neuromodulation, Spinal Cord Stimulation, Evoked Compound Action Potentials, Evoke® System, Neural Activation, Pain Relief, SmartLoop™ Technology, Healthcare Providers, Clinicians, Neural Signature.

Valuation $501M
Revenue $70M
Total funding $500M–1B

Company overview

Saluda Medical company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2013
Headquarters
Sydney, Australia
Employees
482
Open positions
15
Dealroom signal
72.1
client focusb2btechnologyDeep Techsub industryMedical Devicesbusiness modelManufacturingindustryHealthsectorNeurologysectorNeuromodulation and NeurostimulationsectorChronic DiseasesectorSpinoutsectorTech for PatientssectorHard Techsectorpain caresectorDT and LSsectorscience-based

Valuation & funding

Saluda Medical funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
POST IPO DEBTDebt Jun 2026 $25M Perceptive Advisors
IPOOther financing Dec 2025 $65M $501M Undisclosed
LATE VCOther financing Dec 2025 $149M $501M Undisclosed
LATE VCOther financing Jan 2025 $100M $750M Wellington Management · The Rise Fund (TPG) · Action Potential Venture Capital · Piper Heartland Healthcare Capital
LATE VCOther financing Apr 2023 $150M $600M Action Potential Venture Capital · T. Rowe Price · TPG · Fidelity Investments
GROWTH EQUITY VCOther financing Mar 2022 Redmile Group · Fidelity Investments
LATE VCOther financing Jun 2019 Redmile Group · Boston Scientific · PneumRx
SERIES DOther financing May 2017 Action Potential Venture Capital
SERIES BOther financing Feb 2015 BioScience Managers Limited
SPINOUTOther financing Jan 2013 CSIRO
Showing 10 recorded eventsUnlock the complete deal history →

Growth signals

Saluda Medical website traffic

Latest recorded traffic for Saluda Medical is 7.1K monthly website visits, down 12.3% over the last three months. Saluda Medical's team declined 1% over the past year.

Latest monthly visits7.1K 3-month web change-12.3% 1-year team growth-1%
Monthly website visits91 observations · Dec 2018–Jul 2026
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Comparisons

Saluda Medical compared with similar companies

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Showing 8 of the closest matchesCompare every metric →

Talent graph

Saluda Medical's talent

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Team profiled 19 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

13 investors on Saluda Medical's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series A 1 investor entered at this stage
BioScience Managers Limited
Series B+ 11 investors entered at this stage
Action Potential Venture Capital
Redmile Group
PneumRx
Boston Scientific
Fidelity Investments
Wellington Management
T. Rowe Price
TPG
The Rise Fund (TPG)
Piper Heartland Healthcare Capital
Perceptive Advisors
Other known 1 additional known investor
CSIRO

Global footprint

Where Saluda Medical has talent and traffic

Workforce by country
8 countries with
team presence
🇺🇸 United States61.6%
🇦🇺 Australia24.1%
🇩🇪 Germany5.3%
🇬🇧 United Kingdom3.7%
🇳🇱 Netherlands2.9%
Top 5 of 8 shown

In the news

Latest news about Saluda Medical

Recent press, funding announcements, and product moves mentioning Saluda Medical — open to read from the original sources.

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Market sentiment

What the market is saying about Saluda Medical

An AI-synthesized read of the highest-engagement posts about Saluda Medical on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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