With Today’s Complex Medical Device Ecosystems, The Timing’s Right for MedCrypt’s Proactive Cybersecurity Solutions

Over the past decade, the Internet of Medical Things (IoMT) – ecosystems of digitally-powered and connected devices from hospitals to homes – has permeated all aspects of healthcare and our lives. Because of these developments, today we find ourselves on the precipice of several converging trends that warrant proactive response, including:

• the growing complexity of connected healthcare ecosystems as technologies as diverse as medical devices, wearables, implants, robotics, AI tools and software solutions accelerate in digital sophistication,
• the dramatic increase of healthcare cybersecurity threats because of this evolving technology landscape,
• and the emergence of a toughening regulatory environment that’s raising the bar for device manufacturers, to make sure all stakeholders can operate safely, securely and in a compliant way.

This convergence of trends has created the perfect timing for a company like MedCrypt, an organization that’s steadily been building its proactive cybersecurity offerings for the past four years, and servicing the breadth of interconnected stakeholders who are advancing healthcare technology. This positions MedCrypt to deliver best-in-class solutions that have the potential to set new standards for the entire IoMT industry. ?

At Intuitive Ventures, our digital ecosystem investment strategy is all about advancing the field of minimally invasive care by backing startups working on solutions that can unlock better outcomes across the patient pathway. We see improvements in cybersecurity as a critical enabler of that goal and something the entire industry serves to benefit from. That’s why, when we first met up with Mike Kijewski and saw the world class technical depth and industry knowledge he had drawn together, and we noticed MedCrypt’s accelerating traction with top-tier medtech customers, we could immediately get behind his vision for a more secure future.

?Please join us in congratulating MedCrypt on the announcement of its $25 million Series B financing. We’re proud to have invested in the round alongside our industry peers at Johnson & Johnson Innovation, as well as top tier co-investors ENIAC, Section 32, and Dolby Family Ventures. With this capital, MedCrypt will develop exciting new products, address additional market segments, and expand its engineering team to support the company’s growing product portfolio and customer base.?

Together, we look forward to setting the industry standard for ‘secure by design’ product infrastructure as more healthcare leaders work to overcome the ever-evolving cybersecurity in healthcare.