Cleveland Medical Devices

Cleveland Medical Devices

Is this your company? Claim your profile to update info and connect with investors.
Claim profile

Private Company

Total funding raised: $2M

Overview

CleveMed is a privately held, commercial-stage company that has pivoted from a research firm to a focused provider of home sleep testing solutions. Its core offerings include the SleepView® family of portable monitors, a direct-to-patient fulfillment service (SleepView SM Direct), and a secure web portal for data management. The company targets the vast undiagnosed obstructive sleep apnea (OSA) market with a vertically integrated model combining FDA-cleared devices, accredited testing services, and proprietary software, supported by a significant intellectual property portfolio. Leadership under President & CEO Hani Kayyali has driven consistent double-digit growth by establishing strategic partnerships and securing investments.

Sleep DisordersObstructive Sleep Apnea

Technology Platform

Integrated platform of FDA-cleared portable sleep monitors (Sapphire, SleepScout, SleepView®), a secure cloud-based web portal for data management/analysis, and direct-to-patient fulfillment services. Platform is supported by a significant IP portfolio covering diagnosis and therapy management.

Funding History

2
Total raised:$2M
Debt$500K
Grant$1.5M

Opportunities

The massive undiagnosed OSA patient population (32M+ in U.S.) and the systemic shift towards home-based testing create a large and growing market.
Expansion into adjacent channels like primary care, corporate wellness, and retail clinics offers significant growth potential beyond traditional sleep labs.

Risk Factors

Intense competition from larger medical device companies and evolving reimbursement policies for home sleep tests pose significant market and financial risks.
Execution risks in scaling the direct-to-patient service model and dependence on private investment for growth are also key challenges.

Competitive Landscape

CleveMed competes in the crowded home sleep testing market against major players like ResMed (ApneaLink), Philips, and numerous other device manufacturers and service providers. Its differentiation lies in its vertically integrated model combining proprietary devices, accredited services, and a secure software platform, offering a flexible end-to-end solution to healthcare providers.