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Squid IQ

Techstars '22

San Francisco, US · 10 employees on LinkedIn · 1 known investors

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SQUID is a cloud-based medical device management platform for hospitals that integrates device data to optimize utilization, reduce costs, and free up nursing time.

Also known as SQUID · Squid iQ · SQUID iQ, Inc.

AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechSaaS

Founders & leadership

RD
Rob DavenportFounder and CEORob Davenport founded and leads Squid IQ, a cloud-based medical device management platform for hospitals. He previously operated a tech-enabled logistics company for a decade, co-founded an investment fund focused on sustainability, held leadership roles at multiple telecommunications and services firms, and began his career in private equity at major financial institutions including Goldman Sachs and Lehman Brothers.

Investors · 1

Techstarslisted by TechstarsBoulder · $220K

How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us

Company profile

researched Sep 2026

SQUID iQ, Inc. develops a cloud-based healthcare technology management (HTM) platform aimed at the way hospitals acquire, track and support medical devices. The product integrates device-related data and combines it with workflow automation to provide visibility into device capacity, utilization, location and total cost of ownership, with the stated goal of enabling full device life-cycle management.

The company frames the problem it addresses in terms of hospitals over-purchasing devices, renting equipment unnecessarily and paying for device-related services they do not use — waste it puts at more than $15 billion annually in the United States — as well as nurses spending roughly 15% of their time on unproductive device-related tasks. SQUID positions its offering as a comprehensive device management solution serving users from executives to support staff, intended to improve financial, clinical and operational support performance.

Founding story

Founded by Rob Davenport, who serves as Founder and CEO.

Business model

Software platform sold to hospitals and health systems; the company states there are no upfront costs and no hardware installation required for deployment.

Traction

Reported headcount of 1-10 employees.

▸Full profile — market position, technology, go-to-market, geography, history

Market position

Positions itself as the first comprehensive medical device management offering in the healthcare technology management category; listed in the Techstars company network under Health Care / Hospitals and Health Care.

Technology

A cloud-delivered device management platform that integrates critical device data sources and layers workflow automation on top, delivering role-specific information to users ranging from the C-suite to support staff. Deployment is described as requiring no hardware installation and no replacement of existing systems or significant IT resources.

Go-to-market

Direct enterprise sales to hospitals, with the website's primary call to action being a request for a live demonstration of the platform.

Hospitals and health systems, with users spanning executive leadership, clinical nursing teams, and biomedical/support staff.

Geography

Headquartered in San Francisco, California, United States.

History

Founded in 2021 and based in San Francisco, California.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual US hospital waste on medical devices cited by companyJan 2025$15B
EmployeesJan 20251-10
HeadcountAug 202610
Share of nurse time spent on device-related tasks cited by companyJan 202515%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Related companies · 1

SquidSquid provides AI-powered software for planning and operating electricity grids, helping network teams make better decisions through a unified network model. The platform targets utility operators and grid planners who need modern planning tools.

Companies working in the same space as Squid IQ.

▸Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Squid IQ do?
SQUID iQ is a San Francisco healthcare technology management platform for hospital medical device management.
Who founded Squid IQ?
Squid IQ was founded by Rob Davenport.
Who are Squid IQ's investors?
Squid IQ's investors include Techstars.
Where is Squid IQ headquartered?
Squid IQ is headquartered in San Francisco, US.