Qmedinnovations
2 known investors
QMed Innovations builds autoclavable IoT hardware and analytics software for tracking medical device instruments and inventory.
Also known as QMed Innovations · QMed Innovations Inc. · QMed Innovations, Inc.
Investors · 2
Also in the syndicate · 1
Company profile
researched Aug 2026QMed Innovations, Inc. is a Middletown, Rhode Island-based medical device technology company that develops hardware and software asset-tracking systems for medical device manufacturers, distributors and providers. Its products, Quest and Quest Tote, are fully autonomous Internet of Things tracking solutions that monitor the daily location of instrument sets and inventory. According to the company, Quest is the first asset tracking solution able to withstand the high temperatures and pressures of the autoclave sterilization process required in the medical device industry.
The offering combines an autoclavable, autonomous cellular IoT device with a predictive analytics software reporting engine that applies machine learning and artificial intelligence, delivering real-time asset performance, logistics and analytics data intended to help customers maximize asset utilization and streamline supply chains. Founder and CEO Victor (Vic) Nunes has publicly discussed the company's approach to instrument and implant logistics, including in an August 2022 episode of the Inside Orthopedics podcast.
Business model
QMed Innovations supplies hardware and software asset-tracking systems - the Quest and Quest Tote IoT devices paired with a predictive analytics reporting engine - to medical device manufacturers, distributors and providers, positioning the data and analytics as a means of maximizing capital investment in instrument assets.
Traction
The Series A announcement in September 2021 stated that momentum began in 2019 and accelerated in 2021, and that over a dozen leading medical device manufacturers were using Quest and Quest Tote to track daily inventory location. A third-party business database profile lists the company at 11-50 employees with annual revenue in the $5M-$20M range.
Latest developments
In September 2021 the company closed a Series A financing led by RJ Valentine Ventures/The MBA Group to accelerate growth. In August 2022 founder and CEO Vic Nunes discussed the company on the Inside Orthopedics podcast. The company has been listed as a past sponsor of the LogiMed USA conference.
▸Full profile — market position, technology, go-to-market, geography
Market position
The company positions itself in the asset-tracking market for medical devices; at the time of its Series A announcement it stated that more than a dozen leading medical device manufacturers used its Quest and Quest Tote products. Its lead investor cited a Gartner projection of asset tracking growing from under $1 billion in 2021 to nearly $26 billion by 2030, with $6.7 billion in market volume expected by 2026.
QMed states that Quest is the first asset tracking solution capable of withstanding the high temperatures and pressures of autoclave sterilization, a requirement specific to the medical device industry, and that its IoT trackers operate fully autonomously with daily location monitoring.
Technology
The core technology is an autoclavable, autonomous cellular IoT tracking device paired with a predictive analytics software reporting engine using machine learning and artificial intelligence. The system performs autonomous daily location monitoring and reports real-time asset performance, logistics and analytics. Quest is described as the first asset tracking solution able to survive autoclave sterilization temperatures and pressures. A third-party profile lists Apache HTTP Server, Google Analytics, Google Font API, HubSpot and MySQL in its technology stack.
Go-to-market
Sales are directed at medical device manufacturers, distributors and providers, with customer pilots of the Quest product; the company has used industry event sponsorship (LogiMed USA) and industry podcast appearances for visibility, and stated that Series A proceeds would expand go-to-market strategies and drive adoption.
Medical device manufacturers, distributors and providers, including owners of surgical instrument cases and implant/instrument logistics operations in orthopedics.
Geography
Headquartered at 1005 Aquidneck Avenue, Middletown, Rhode Island 02842, United States.
Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsEpisode 43 of the Inside Orthopedics podcast featured a 58-minute discussion with Vic Nunes, CEO and founder of QMed Innovations, on instrument and implant logistics and the Quest product.
QMed Innovations announced a closed Series A financing led by RJ Valentine Ventures/The MBA Group to accelerate growth and expand go-to-market efforts; no amount was disclosed.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 6
primary sources listed
- QMed Innovations, Inc. | LogiMed USAlogimedusa.wbresearch.com · web
6 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Qmedinnovations do?
- QMed Innovations builds autoclavable IoT hardware and analytics software for tracking medical device instruments and inventory.
- Who are Qmedinnovations's investors?
- Qmedinnovations's investors include Slater Technology Fund.