MEDCRYPT RAISES $5.3 MILLION USD

As medical devices continue to move towards networked technology, the need to secure those devices is ever-growing. Everything from pacemakers to insulin pumps can be vulnerable if not properly secured.

MedCrypt, a Y Combinator alum raised $5.3 million USD. The investment was led by Section 32 the investment firm founded by former Google Ventures partner Bill Maris. Other firms joining in were investors Eniac Ventures  and Y Combinator  itself.

Notable Quotes: “Internet-connected medical technology is entering the market at light speed, calling for devices to be secure by design, which leads to a heightened level of patient safety at all times.” – MedCrypt CEO Mike Kijewski