Modulus

What Modulus does

Modulus, Inc. is a privately-held contract manufacturer founded in 1972 and headquartered at 518 Sycamore Drive, Milpitas, California, in the heart of Silicon Valley. The company provides end-to-end product development and manufacturing services to enterprise customers across medical, consumer, and industrial verticals, with a specialization in ultra-low power microelectronics, miniaturization technologies such as Multi-Chip Modules (MCMs) and flex circuits, and the design and manufacture of Class II and Class III medical devices including implantable neurostimulators, pacemakers, gastric pacemakers, and remote patient monitoring systems. It is ISO 13485:2003 and ISO 9001:2008 certified and operates a Class 100 clean room. Customers disclosed on the company website include Daqri, FE3, Intrapace, Rani, Theradome, and Pelagic.

The company's core technical differentiation centers on implantable device manufacturing capabilities, including custom feed-throughs, hermetically sealed titanium cans with in-house laser welding and helium leak testing, modular headers with MICS antennas, and standardized building blocks such as MICS radio transceivers and power management subsystems. Its vertically integrated Milpitas facility includes an in-house machine shop with CNC equipment, injection molding, laser welding and cutting machines, and helium leak test machines, alongside a referenced San Jose manufacturing facility. These capabilities support a modular rapid prototyping system that optimizes functional blocks including sensor interface, RF communications, display, and power management, intended to shorten customer time to market.

Modulus generates revenue through three streams: contract manufacturing services (full-scale production including small clinical-trial runs and volume production), design and engineering services (concept, microelectronics, firmware, mechanical, industrial, and system design), and rapid prototyping services (modular prototyping plus firmware development support). Pricing is quote-based and not publicly disclosed. The company engages enterprise customers via direct field sales, with program managers serving as single points of contact across the product lifecycle from design through prototyping, pre-production, and volume production. Distribution is domestic, with products shipped from the Silicon Valley facility. Since 2010, ownership has rested with Mir Imran, an inventor and life-sciences entrepreneur holding over 300 patents and the founder of InCube Labs, with day-to-day operations led by Abbas Khorsand, who has been with the company since 1976.

Name

Modulus

Legal name

Modulus, Inc.

Website

https://modulusinc.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

11–50 employees

Short description

Modulus, Inc. is a privately-held Silicon Valley contract manufacturer founded in 1972, specializing in ultra-low power microelectronics, miniaturization, and Class II/III medical device design, prototyping, and volume production for enterprise customers.

Ownership category

akta.pro rank

Headquarters

HQ city

San Jose

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Contract Manufacturing Services: Full-service contract manufacturing from design and engineering through production, including small production runs for clinical trials and volume production for medical, consumer, and industrial products.
2. Design and Engineering Services: Comprehensive product development services including concept, design, microelectronics, firmware design, mechanical engineering, industrial design, and system design engineering.
3. Rapid Prototyping Services: Modular prototyping services allowing optimization of functional blocks and firmware development support, including small production runs for animal trials and early clinical studies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Modulus is a contract manufacturer and product development firm established in 1972 in Silicon Valley. The company provides end-to-end design, engineering, and manufacturing services for medical (Class II and Class III), consumer, and industrial products, with deep expertise in ultra-low power microelectronics, miniaturization technologies (Multi-Chip Modules and flex circuits), and custom implantable device fabrication.

Product overview

Modulus is a contract manufacturer and product development firm established in 1972, offering comprehensive design and engineering services plus full-scale manufacturing capabilities. The company operates a unified service model combining Product Development, Ultra-Low Power Microelectronics, Firmware Design, Mechanical Engineering, and Manufacturing services (PCB Assembly, Plastic/Metal Components, Custom Implantables, Automated Testing, and Quality/Reliability). Key products span industrial applications (Scuba Dive Computers, Gas Detectors, Wireless Meter Readers, LCD Glasses, Electronic Lockboxes, Wireless Retail Tags) and medical devices (Class II diagnostic instruments, Class III implantable devices including neurostimulators, pacemakers, gastric pacemakers, cardiac monitors, and remote patient monitoring systems). The company specializes in ultra-miniaturization using hybrid development approaches with Multi-Chip Modules and flex circuit technologies. Modulus holds ISO 13485 and ISO 9001 certifications with Class 100 clean room capabilities for medical device manufacturing.

Differentiator

Problem solved

Functional benefit

Products and services

• Design and Engineering Services Comprehensive product development services spanning concept, design, microelectronics, firmware design, mechanical engineering, industrial design, system design engineering, DFM/DFT, and hybrid development for ultra-miniaturization using Multi-Chip Modules and flex circuit technologies. Targeted at enterprise customers building innovative medical, consumer, and industrial products.
• Contract Manufacturing Services Full-service contract manufacturing including rapid prototyping, PCB design/assembly/test, plastic and metal component fabrication, custom implantables, automated testing, pre-production and volume production, final assembly and test, packaging/labeling/shipping, program management, and supply chain management. Includes Class 100 clean room and Class II/III medical device manufacturing with ISO 13485:2003 certification.
• Implantable Medical Device Manufacturing Specialized manufacturing of Class III implantable medical devices including neurostimulators, pacemakers, gastric pacemakers, and cardiac monitors using proprietary custom feed-throughs, headers with MICS antennas, and hermetically sealed titanium cans. Targeted at medical device companies needing FDA-compliant implantable manufacturing.

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Triple Ring TechnologiescoreStrategic or Co-development Partner · 1 January 2004Preferred development partner offering complete services through all stages of product innovation including concept, feasibility, design, engineering, and manufacturing. Specializes in electronics, optics, biophotonics, and digital imaging. Located in Newark, CA. Partnership enables customers to access combined capabilities of both companies to shorten time to market while minimizing risk.
• IDEOminorStrategic or Co-development Partner · 1 January 1991Global innovation and design firm using human-centered, design-based approach to help organizations innovate and grow. Has 550 employees across offices in Palo Alto, Boston, Chicago, London, Munich, New York, San Francisco, Shanghai, Tokyo, and Singapore.
• InCube LabscoreStrategic or Co-development PartnerLife sciences research lab providing expertise in design and development of medical devices including drug delivery platforms, implantable devices, biomaterials, and wireless patient monitoring systems. Led by Mir Imran, who holds over 200 patents and has founded more than 20 life sciences companies including the first FDA-approved Automatic Implantable Cardioverter Defibrillator. Mir Imran acquired Modulus in 2010.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Minnetronix Medical: Minnetronix is a medical device design and contract manufacturing firm specializing in active electronic medical devices and Class II/III systems. It directly overlaps Modulus in electronics-heavy medical device manufacturing, firmware development, and regulated production for OEMs.
• Tegra Medical: Tegra Medical is a contract manufacturer of precision medical devices and components, including minimally invasive and implant-adjacent products. Its combination of tight-tolerance machining, assembly, and Class cleanroom manufacturing closely mirrors Modulus's vertically integrated medical manufacturing model.
• Cirtec Medical: Cirtec Medical is a contract manufacturer focused on active implantable devices, minimally invasive delivery systems, and complex interventional products. Its capabilities in microelectronics, hermetic packaging, and Class cleanroom assembly make it a direct competitor to Modulus in Class III implantables.
• Donatelle: Donatelle is a medical device contract manufacturer offering design, precision machining, molding, and assembly for Class II and Class III devices. It competes with Modulus for outsourced manufacturing of regulated medical products from emerging and mid-sized OEMs.
• Cretex Medical: Cretex Medical is a contract manufacturer serving medical device OEMs with precision machining, assembly, and component manufacturing. Its focus on complex medical components and full device builds aligns with Modulus's medical contract manufacturing services.
• Phillips-Medisize: Phillips-Medisize (a Molex company) is a medical device contract manufacturer with strong capabilities in electronics, drug delivery, and connected diagnostics. It competes with Modulus for outsourced design and manufacturing of regulated, electronics-intensive medical products.

Broad incumbents

• Flex: Flex is a global contract manufacturer with a sizable medical device division offering design, manufacturing, and supply chain services for Class II/III products. It competes with Modulus across many of the same microelectronics-intensive medical programs, but at a far larger scale.
• Jabil Healthcare: Jabil operates a large healthcare segment providing medical device design, manufacturing, and supply chain solutions. Its scale, global footprint, and dedicated medical clean room capacity overlap with Modulus's service offering, positioning it as a broad incumbent alternative.
• Sanmina: Sanmina is a global contract manufacturer with a medical division focused on complex Class II/III devices, diagnostics, and imaging systems. It overlaps with Modulus in regulated electronics manufacturing and miniaturization but operates at much greater scale and geographic breadth.

Regional players

• Planet Innovation: Planet Innovation is an Australian medical device product development and contract manufacturing firm focused on diagnostics and connected medical products. It is comparable to Modulus in vertical scope but operates in a different geography, serving APAC and global medtech clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modulus