MedCrypt, a San Diego, Calif. – based medical device cybersecurity software provider, raised $5.3m in Series A funding.
The round was led by Section 32, with participation from Eniac Ventures and Y Combinator.
The company, which brings total funds raised to $8.4 million, will use the funds to expand its team, adding new members in sales and engineering roles, and further develop its technology.
Led by founder and CEO Mike Kijewski and Vidya Murthy, vice president of operations, MedCrypt provides a security software platform that allows device vendors to use cryptography to secure data traveling between or stored on devices. The system then provides remote, real-time monitoring to alert medical device vendors of suspicious behavior that may yield potential security threats to their company, devices and patients.
The company was part of Y Combinator’s Winter 2019 batch.