Fundraising Fox

MedCrypt

YC W19

San Diego, US Β· Founded 2016 Β· 16 employees Β· 9 known investors

Medcrypt provides cybersecurity products and strategic consulting to medical device manufacturers to ensure devices are secure by design and meet regulatory requirements. The company combines technology solutions with management consulting and decision science to support the medical device industry.

Also known as Medcrypt Β· MedCrypt, Inc.

CybersecurityHealthtechMedical DevicesSaaSHealthcareUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadershipΒ· Y Combinator alumni (W19)

MedCrypt was founded in 2016 by Mike Kijewski and Eric Pancoast.

MKMike Kijewski
Mike Kijewskiin𝕏Founder
EPEric Pancoast
Eric Pancoastin𝕏Founder

Investors Β· 9

Also in the syndicate Β· 2

Dexcom VenturesJohnson & Johnson Innovation – JJDC, Inc.lead

Company profile

researched Aug 2026

Medcrypt (MedCrypt, Inc.) is a San Diego-based provider of cybersecurity products and services for medical device manufacturers (MDMs). The company positions itself as combining cybersecurity technology products with management consulting, decision science, and regulatory strategy focused exclusively on the medical device sector, with the stated goal of helping manufacturers build devices that are secure by design and bring connected clinical technology to market.

Its current commercial focus is MSI, described as a single platform for medical device cybersecurity compliance that combines tools, data, and expert support to meet FDA requirements. The platform is organized in three stages: a readiness assessment that scores a manufacturer's submission documentation across FDA-relevant domains and identifies gaps; a remediation stage that flags issues an FDA reviewer would catch and helps build compliant documentation from scratch; and an ongoing stage covering automated self-audits, vulnerability monitoring, and alerts when regulatory guidance changes. A free five-minute readiness check is offered as an entry point, alongside threat-model reviews.

Alongside the platform, Medcrypt offers pre-market and post-market services. Pre-market work includes regulatory cybersecurity readiness, threat modeling and risk mitigation, cybersecurity maturity assessments, PKI and cryptography analysis, FDA hold-letter response, and integration of SBOM generation, vulnerability scanning, and security testing into the software development lifecycle using FDA-recognized frameworks such as TIR-57/SW96. Post-market services cover continuous monitoring, cybersecurity risk management and prioritization based on patient-safety impact, SBOM validation and monitoring, incident response, and maintenance of regulatory compliance across a device's lifecycle. Earlier product descriptions cite cryptography, behavior monitoring, and vulnerability inventory products spanning devices from glucose monitors to hospital-based surgical robots.

Founding story

Medcrypt was founded in 2016 with the stated aim of addressing cybersecurity concerns in the medical device manufacturing sector so that connected medical devices would be as safe and secure as technologically possible. CEO Mike Kijewski previously founded Gamma Basics, a radiation oncology software startup acquired by Varian Medical Systems in 2013; CTO Eric Pancoast was a co-founder of the same company. The company's timeline frames its founding against FDA cybersecurity guidance issued in 2014 and 2016, and it has said the FDA's October 2018 premarket cybersecurity guidance update aligned closely with the solution it began developing in 2016.

Business model

Medcrypt sells cybersecurity software and platform access (MSI) together with consulting and regulatory services to medical device manufacturers, spanning pre-market submission preparation and post-market lifecycle compliance. Services are offered on a project basis, with a stated guarantee for new customers that Medcrypt will support them through all FDA feedback until cybersecurity documentation is accepted, with no hidden fees or handoffs.

Revenue derives from cybersecurity products/platform subscriptions and from consulting and regulatory services engagements delivered to medical device manufacturers; specific pricing is not disclosed.

Traction

Publicly stated traction includes 140+ medical device manufacturers as customers, 13 of the top 50 global MDMs, 200+ projects delivered across 60+ clients, a 100% FDA approval rate since 2023, and, as of 2022, security features and services for seven of the top 10 medical device manufacturers. Cumulative disclosed funding reached $34.4 million after the 2022 Series B.

Latest developments

The company's current positioning centers on MSI, a platform combining readiness scoring, documentation remediation, and continuous post-approval compliance monitoring, together with a free readiness check. Recent content addresses 2026 regulatory changes, including FDA inspections under the QMSR quality framework, the EU Cyber Resilience Act's mandatory vulnerability reporting starting September 11, 2026, and regulators' use of AI to detect inconsistencies in submissions. Medcrypt has also announced a partnership with Thirdwayv on medical device cybersecurity and interoperability.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

The company describes itself as the first firm to combine cybersecurity technology products with management consulting, decision science, and regulatory strategy focused entirely on medical device manufacturers. It reports serving 140+ medical device manufacturers, including 13 of the top 50 global MDMs, and stated in 2022 that it provided security features and services to seven of the top 10 medical device manufacturers.

Medcrypt emphasizes a services team staffed by former FDA reviewers and policy experts β€” including staff with prior FDA CDRH premarket review and technology policy experience β€” a stated 100% FDA approval rate since 2023 across 200+ projects and 60+ clients, reduction of AINN response time from 180 days to 45-60 days, and a guarantee to support new customers through all FDA feedback until cybersecurity documentation is accepted.

Technology

Medcrypt's technology includes cryptography libraries that let device vendors secure data in transit and at rest with a few lines of code, remote real-time behavior monitoring to alert vendors to suspicious activity, and vulnerability inventory and SBOM validation and monitoring. The MSI platform ingests a manufacturer's existing documentation, scores submission readiness across FDA-relevant domains, flags deficiencies in FDA terminology, generates compliant documentation, and provides automated self-audits, vulnerability monitoring, and guidance-change alerts.

Go-to-market

The company markets directly through its website with low-friction entry points β€” a free five-minute submission readiness check with no login or sales call and bookable threat-model reviews β€” and segments prospects by regulatory situation (received an AINN or hold letter, submitting within six months, board-level portfolio readiness). It also uses content on regulatory change (QMSR, EU Cyber Resilience Act, AI in regulatory review), press releases, and partnerships such as one with Thirdwayv on medical device cybersecurity and interoperability.

Medical device manufacturers and healthcare technology companies, ranging from startups and mid-sized companies to large global MDMs, including makers of small connected devices such as glucose monitors and of hospital-based systems such as surgical robots.

Geography

Headquartered in San Diego, California, with a customer base focused on the U.S. FDA regulatory environment and services addressing international regulators, including EU Cyber Resilience Act vulnerability reporting requirements beginning September 11, 2026.

History

Founded in 2016, Medcrypt participated in Y Combinator's Winter 2019 batch and announced a $5.3 million Series A in May 2019 led by Section 32, bringing total funds raised to $8.4 million at that time. In November 2022 it announced a $25 million Series B with strategic investment from Intuitive Ventures and Johnson & Johnson Innovation – JJDC and participation from Section 32, Eniac Ventures, Anzu Partners, and Dolby Family Ventures, bringing funding to date to $34.4 million (the company's own about page cites $36.4 million to date after the Series B and also lists Dexcom Ventures among Series B participants). The company has since expanded from cryptography, behavior monitoring, and vulnerability inventory products into regulatory services led by former FDA reviewers and the MSI compliance platform.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
AINN response timeJan 2026Reduced from 180 days to 45-60 days
Clients served by services teamJan 202660 clients
FDA approval rateJan 2026100%
Medical device manufacturer customersJan 2026140 customers
Projects deliveredJan 2026200 projects
Share of top 10 medical device manufacturers servedNov 2022Seven of the top 10 medical device manufacturers
Top 50 global MDMs as customersJan 202613 customers
Total funding raised to dateNov 2022$34.4M
Total funding raised to date (company-stated after Series B)Jan 2022$36.4M

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Timeline Β· 4

launches, deals, and filings
Nov 2022
MedCrypt raises $25M Series B

MedCrypt announced a $25M Series B with strategic investments from Intuitive Ventures and Johnson & Johnson Innovation – JJDC, and participation from Section 32, Eniac Ventures, Anzu Partners, and Dolby Family Ventures. Funds were earmarked for scaling cryptography, behavior monitoring, and vulnerability inventory products and expanding the engineering team. Total funding to date reached $34.4 million.

$25M source β†—

Jan 2022
Partnership with Thirdwayv on medical device cybersecurity and interoperability

Thirdwayv, a provider of secure software solutions for connected medical devices, and Medcrypt announced a partnership to advance medical device cybersecurity and interoperability.

source β†—

May 2019
MedCrypt announces $5.3M Series A led by Section 32

MedCrypt announced a $5.3 million Series A led by Section 32 with participation from Eniac Ventures and Y Combinator, to expand its sales and engineering teams and further develop its technology. The round brought total funds raised to $8.4 million.

$5.3M source β†—

Jan 2019
Graduated from Y Combinator Winter 2019 batch

MedCrypt participated in Y Combinator's Winter 2019 batch.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does MedCrypt do?
Medcrypt sells cybersecurity software and ex-FDA-reviewer consulting that help medical device makers meet regulatory requirements.
Who founded MedCrypt?
MedCrypt was founded by Mike Kijewski, Eric Pancoast in 2016.
Who are MedCrypt's investors?
MedCrypt's investors include Y Combinator, Eniac Ventures, Section 32, Anzu Partners, Intuitive Ventures, LRVHealth, S32.
Where is MedCrypt headquartered?
MedCrypt is headquartered in San Diego, US.