MedCrypt, Inc., a cybersecurity solution provider for medical devices, has raised $25 million in a Series B VC funding round.
This round included strategic investments by Intuitive Ventures, Johnson & Johnson Innovation – JJDC, Inc. (JJDC), and participation by institutional investors Section 32, Eniac Ventures, Anzu Partners, and Dolby Family Ventures.
MedCrypt raised $34.4 million to date.
MedCrypt will use the VC funding 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. The funds will also be used to expand MedCrypt’s engineering team.
MedCrypt provides security features and services for seven of the top 10 medical device manufacturers as well as startups and mid-sized companies.