What is Medcrypt?
Founded in 2016, Medcrypt operates at the intersection of cybersecurity and medical technology. Unlike general-purpose security firms, the company is composed of medical device experts dedicated to embedding modern security features directly into the next generation of healthcare hardware. Their market position is defined by a proactive approach to threat mitigation, ensuring that devices—ranging from diagnostic tools to surgical robotics—are resilient against evolving cyber threats. By providing the necessary cryptographic and security infrastructure, Medcrypt enables manufacturers to focus on clinical innovation while maintaining the highest standards of patient safety and data privacy.
How much funding has Medcrypt raised?
Medcrypt has raised a total of $32.9M across 4 funding rounds:
Angel/Seed
$739K
Angel/Seed
$1.9M
Series A
$5.3M
Series B
$25M
Angel/Seed (2016): $739K with participation from Safeguard Scientifics
Angel/Seed (2018): $1.9M led by Nex Cubed, Oronoco Investments, Friedman BioVentures, Sway Ventures, and Eniac Ventures
Series A (2019): $5.3M supported by Y Combinator, Section 32, and Eniac Ventures
Series B (2023): $25M featuring Dexcom Ventures, Intuitive Ventures, and Johnson & Johnson
Key Investors in Medcrypt
Johnson & Johnson
Johnson & Johnson is a global healthcare company that develops pharmaceuticals and medical technologies, providing innovative medicines and surgical products worldwide.
Y Combinator
Established in 2005, Y Combinator is a premier startup accelerator that provides seed funding and mentorship to high-growth technology businesses.
Sway Ventures
Sway Ventures is a venture capital firm that invests in transformative innovations, supporting industry-disrupting founders across foundational sectors like finance and technology.
What's next for Medcrypt?
With the support of its latest capital injection, Medcrypt is well-positioned to accelerate its product development roadmap and expand its footprint across the global healthcare landscape. The company is expected to leverage these resources to deepen its integration with major medical device manufacturers, further standardizing security protocols across the industry. As healthcare systems continue to digitize, Medcrypt's role as a foundational security layer will likely become even more critical, potentially paving the way for future strategic partnerships or market expansion into adjacent healthtech verticals. The focus remains on scaling its specialized team and refining its security-as-a-service offerings to meet the rigorous demands of enterprise-level healthcare providers.
See full Medcrypt company page
