Medical Device Cybersecurity Startup MedCrypt Raises $1.9M

MedCrypt, an Encinitas, Calif.–based medical device cybersecurity technology provider, raised $1.9m in seed funding.

The round was led by Eniac Ventures with participation from Sway Ventures, Nex Cubed, Oronoco Investments and Friedman BioVentures.

The company intends to use the funds to accelerate the commercial deployment of its software.

Led by Mike Kijewski, CEO and co-founder, MedCrypt provides cryptographically embedded cybersecurity software for medical device makers, which includes customers Reflexion Medical, QuiO and more. The software allows medical device vendors to build products that are Secure By Design and monitor behavior of these devices once they are deployed.

MedCrypt-enabled devices will be ensured they meet the FDA cybersecurity regulations and will provide the hospital or medical facility security team with a solution to encrypt, monitor and protect in real-time.

This additional financing brings the company’s total to-date funding to $3m. Existing additional investors include Safeguard Scientifics and Long River Ventures.



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