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Top 4 Medical IoT Software Companies Under $1M Revenue (September 2026)

As of September 2026, Latka tracks 4 medical IoT software companies under $1M in annual revenue. They have combined revenues of $1.7M and employ 24 people. They have raised $2M.

Every company below sells medical IoT software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.

What Medical IoT Software Companies do

Medical IoT Software refers to a category of solutions that leverage Internet of Things (IoT) technologies to monitor, manage, and improve healthcare services. These software applications are used in various scenarios, primarily including remote patient monitoring, telemedicine, and asset tracking within healthcare facilities. They facilitate the collection and transmission of patients' health data via connected devices, enabling healthcare providers to deliver timely care and interventions. Typical features of Medical IoT Software may include real-time data analytics, alerts and notifications for abnormal health metrics, and comprehensive dashboards for healthcare professionals. Such software empowers patient engagement by allowing individuals to actively monitor their health conditions through wearables or mobile applications. Common buyer personas for these solutions include healthcare providers, IT managers in healthcare institutions, and operations managers focused on enhancing patient care and optimizing resource usage.

Companies
4
Revenue
$1.7M
Funding
$2M
Employees
24

Filters

Sorting: Highest -> Lowest

Filters

Top Medical IoT Software Companies Under $1M Revenue

Showing 4 of 4 companies ranked by annual revenue.

1Sonavi Labs logo
Sonavi Labs

Baltimore, Maryland, United States

Operator of a medical device and software company intended for developing modern medical products that analyze body sounds for the diagnosis of diseases. The company has developed a product line of technologies varying from smart stethoscopes to wearable systems using active acoustics and computerized body sound analysis to inform clinical decisions, enabling users and clients to replace alternative diagnosis tools that are not widely available, especially in non-traditional clinical environments, such as home, emergency medicine and resource-poor areas.

Revenue
$559.8K
Year founded
2017
Team size
8
2ExploreIT Sp. z o.o. logo
ExploreIT Sp. z o.o.

Warsaw, Mazowieckie, Poland

ExploreIT - delivering full-service software development with a focus on medical device software (IoT) creating web & mobile applications and cloud platforms for patients and medical personnel. Explore IT is creating easy-to-use MDR certified software healthcare solutions ensuring constant diagnosis and communication between doctors and patients with cutting edge UI/UX design of its applications. What we do: - Telemedical web platforms - Medical device software and communication protocols - Medical algorithms - Mobile app development (native and cross platform) - Patient engagement solutions - Wearable technology support and integration What we offer Co-creation of the concept - support in getting the most of investment in IT Research first! - validating user research data at the early project stages - reduced development cost. Fast and accurate - best in class medical algorithms, comparative analysis with the industry standards leveraging the medical credibility. Up in the cloud - reducing the cost of maintenance and assuring scalability in the long term. Controlled agile - flexibility combined with a highly controlled production environment adjusted to the medical software requirements. Quality driven process - strict testing procedures and support in the certification documentation development. What we deliver: Crossing technological boundaries - we are the first in the world, who made available 24-hour Holter via the web SaaS service. For this advancement, our client Cardiolink S.A. received the polish 2019 innovation award. From one minute into milliseconds - this is how we have optimized algorithms detecting 21 irregularities in a heartbeat for 24 hours Holter 92 out of 100 points excellent - this is how our users - pregnant women - judged the patience module in KTG systems during the first usability test. Finding unexpected sales channels - we have designed mechanisms supporting sales by converting patients into a new marketing channel

Revenue
$440K
Year founded
2015
Team size
4
3HMD Labs logo
HMD Labs

San Francisco, California, United States

Stealth mode SaaS operating at the intersection of digital transformation and intelligent medical devices

Revenue
$395.3K
Year founded
2020
Funding
$2M
Team size
9
4AI Medical Solutions logo
AI Medical Solutions

Barcelona, Cataluña, Spain

AI Medical Solutions es un proveedor de tecnología sanitaria que busca acelerar la integración de la salud digital y la IA para impulsar la innovación en la asistencia sanitaria. Con un enfoque actual en la salud ocular, AI Medical Solutions está cambiando el panorama de la atención oftalmológica al hacer que las...

Revenue
$330K
Year founded
2023
Team size
3

Frequently asked questions about Medical IoT Software Companies Under $1M Revenue

How many medical IoT software companies under $1M in annual revenue are there?

Latka tracks 4 medical IoT software companies under $1M in annual revenue. Together they generate $1.7M in annual revenue and employ 24 people.

Which medical IoT software company under $1M in annual revenue is the largest?

Sonavi Labs is the largest, with $559.8K in annual revenue, founded in 2017.

How much revenue does a typical medical IoT software company under $1M in annual revenue make?

The average medical IoT software company in this list makes $431.3K a year, across 4 companies with reported revenue.

Who are the leading Medical IoT software vendors under $1M in annual revenue?

Ranked by annual revenue, the leaders are Sonavi Labs, ExploreIT Sp. z o.o., HMD Labs and AI Medical Solutions.

How much funding have medical IoT software companies under $1M in annual revenue raised?

The 4 medical IoT software companies under $1M in annual revenue tracked here have raised $2M in disclosed funding between them.

Related Vertical Industry Software categories

Inclusion Criteria

- The product must enable remote monitoring of patient health data through connected devices. - It should include data analytics features to interpret and act on collected health metrics. - The software must support secure data transmission and storage to comply with healthcare regulations. - It should provide tools for integration with existing healthcare systems and electronic health records (EHRs). - Not just a simple data collection tool; must also provide insights and alerts for healthcare professionals.