MedCrypt Raises $25M in Series B Funding
Summary
MedCrypt, Inc., a San Diego, CA-based proactive cybersecurity solution provider for medical devices, raised $25m in Series B funding round. The company intends to use the funds to scale their cryptography, behavior monitoring, and vulnerability inventory products across various types of medical devices, from small devices like glucose monitors to hospital-based surgical robots, and to expand its engineering team to advance medical device cybersecurity products and services. Led by Mike Kijewski, CEO, MedCrypt combines cybersecurity technology products with management consulting, decision science, and regulatory strategy focused on supporting medical device manufacturers. The company currently provides enhanced security features and services for seven of the top 10 medical device manufacturers as well as startups and mid-sized companies. This round of funding brings the company’s total to date to $34.4m.