Companies · Medical Devices

MedCrypt Inc.Winter 2019Active

SOLANA BEACH · CA, USA · Medical Devices · refined from filed group “Other Technology · founded 2018 · https://www.medcrypt.co

Diligence memoA one-page analyst read on MedCrypt Inc. — recommendation, valuation, rhythm, risks.
$39.7M
Total raised · real
4
Rounds
0.3×
Latest step-up
Top 9%
Sector rank · raised
Series B
Latest stage · inferred · Tue Feb 04 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

MedCrypt Inc. has raised $40M over 4 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the medical devices sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 17 mo ago; this sector typically re-raises about every 16 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Medical Devices

MedCrypt Inc. is one of 233 Medical Devices companies tracked from SOLANA BEACH, CA, USA, on record since 2018. By capital raised it ranks among the largest (ahead of 92% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

MedCrypt gives medical device vendors cybersecurity features in a few…

MedCrypt has developed a security toolkit that allows medical device developers to focus on diagnosing and treating disease, while ensuring their devices comply with security regulations and best practices. And since each installation of our software communicates with our MedCrypt network, we can use machine learning-based transaction monitoring algorithms to detect anomalous behavior, thwarting attacks in real time. This centralization of transaction data allows us to facilitate "Threat Sharing" between device vendors, helping build a community of device vendors offering the most secure devices possible. MedCrypt protects medical devices against malicious hacking. Each installation of our software communicates with our MedCrypt network, allowing us to use machine learning-based transaction monitoring algorithms to detect anomalous behavior, thwarting attacks in real time. This centralization of transaction data allows us to facilitate "Threat Sharing" between device vendors, helping build a community of device vendors offering the most secure devices possible. If someone hacks your connected thermostat, you’re uncomfortable. If someone hacks your pacemaker, you could be dead. MedCrypt is bringing modern software security technologies to an important, but underserved technology sector.

CybersecurityHealthcareMedical Devicesai/mlcybersecuritymedical-devices
Find MedCrypt Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
18
Investors (latest)
2025-02-04
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$125M$250M$375M$500MPre-Seed · 2016-08-01 Raised $740K (real) Modeled valuation $27M (est)$740K$27MPre-Seed2016Series A · 2019-05-02 Raised $5.5M (real) Modeled valuation $132M (est)$5.5M$132MSeries A2019Series B · 2022-10-04 Raised $25M (real) Modeled valuation $308M (est)$25M$308MSeries B2022Series B · 2025-02-04 Raised $8.3M (real) Modeled valuation $46M (est)$8.3M$46MSeries B2025+$5.5M+$25M+$8.3MCumulative $40M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$740K · 2016
Series A$5.5M · 2019no Seed on file
Series B$25.2M · 2022
Series B extension$8.3M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$45.6M
Base estimate est.
$18.7M
Conservative case
$72.8M
Upside case
$46.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the medical devices sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $27.3M · 2016-08-012016Series A · modeled $131.6M · 2019-05-02Series B · modeled $308.0M · 2022-10-04Series B · modeled $45.6M · 2025-02-042025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
61%
Survival probability
41% low · 75% high
1.41×/yr
Annual markup
1.71×/yr upside case
1.4 yr
Elapsed time used
1.4 yr actual, capped for stale marks
medical devices
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
34 mo
Avg between rounds
$4.7M/yr
Capital velocity
9.9 yr
On record since
2016
First round
4
Rounds on file
How it compares to the market

Benchmarked against 233 companies in Medical Devices. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 16× above median
This company$39.7M
Sector median$2.6M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.5× of median
This company$8.3M
Sector median$16.7M
Modeled value — vs sector median (estimate, all stages) 3.0× above median
This company$45.6M
Sector median$15.4M

Raised more than 92% of sector peers (real $). Modeled value above 76% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$10.0M$100.0M$10.0M$100.0MCapital raised (log)Surgical Safety Technologies Inc. · Series B Raised $33.2M · modeled $70.3M (est)Vicarious Surgical Inc. · Series B Raised $55.9M · modeled $51.1M (est)MedCrypt Inc. (this company) Raised $39.7M · modeled $45.6M (est)MedCrypt Inc.
CompanyStageRaised · realValue · estvs peer med.
Surgical Safety Technologies Inc.Series B$33.2M$70.3M1.37×
Vicarious Surgical Inc.Series B$55.9M$51.1M1.00×
MedCrypt Inc. this companySeries B$39.7M$45.6M0.89×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$740K2016-08-01$4.1M$27.3M85%
Series A$5.5M2019-05-02$24.8M$131.6M90%
Series B$25.2M2022-10-04$140.0M$308.0M90%
Series B$8.3M2025-02-04$46.1M$45.6M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$740K2016-08-01
    • First recorded raise — entered as Pre-Seed.
    • 13 investors on this round.
  2. Series A$5.5M2019-05-02
    • Raised again after 33 mo — slower than the ~16 mo sector norm.
    • Round 7.4× larger than the prior — scaling up.
    • 17 investors on this round.
  3. Series B$25.2M2022-10-04
    • Raised again after 41 mo — slower than the ~16 mo sector norm.
    • Round 4.6× larger than the prior — scaling up.
    • 31 investors on this round.
  4. Series B$8.3M2025-02-04
    • Raised again after 28 mo — slower than the ~16 mo sector norm.
    • Round 3.0× smaller than the prior — bridge or down round.
    • 18 investors on this round.
Intelligence
2027 ~Q4
Modeled next raise · ~34mo cadence
$8.3M
Modeled next size est.range $8.3M$13.3M
0.3×
Last step-up
$4.7M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Gary Kurtzman7 other2022-10
Timothy Young6 other2022-10
Tamir Meiri4 other2025-02
Mike Pellini2 other2025-02
Andrew Conrad1 other2025-02
Brett Falik2022-10
Brett Hemenway Falk2016-08
Eric Hemenway Pancoast2019-05
Eric Pancoast2016-08
Gary Hemenway Kurtzman2019-05
Michael Kijewski2016-08
Michael McNeil2022-10
Timothy Hemenway Young2019-05
Vidya Murthy2025-02
Registry & provenance

MedCrypt Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1681688
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Celsee Diagnostics, Inc.Medical DevicesSeries B$40.5M$135.3Msame sector · same stage
Eximis Surgical Inc.Medical DevicesSeries B$40.6M$160.3Msame sector · same stage
Surgical Safety Technologies Inc.Medical DevicesSeries B$33.2M$70.3Msame sector · same stage
Envision Diagnostics, Inc.Medical DevicesSeries B$29.6M$625.0Msame sector · same stage
Vicarious Surgical Inc.Medical DevicesSeries B$55.9M$51.1Msame sector · same stage
EarliTec Diagnostics, Inc.Medical DevicesSeries B$27.0M$159.7Msame sector · same stage
Moxe Health CorpHealthtechSeries B$34.8M$403.8Mnetwork1 shared operator · same stage
Htg Molecular Diagnostics, IncMedical DevicesSeries B$65.3M$110.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
MedCredits, Inc.Other TechnologySeed$68.9M74%
Medcurity, Inc.OtherPre-Seed$1.2M74%
Caire Health Holdings, Inc.
Semi-Autonomous Diagnostics for Emergent Care
Medical DevicesSeries A$57.9M74%
Medsense Health, Inc.HealthtechSeries A$24.0M74%
Surgical Safety Technologies Inc.Medical DevicesSeries B$70.3M74%
CipherHealth Inc.Other TechnologySeries B$1.1B73%
Secure Authenticated Systems, Inc.CybersecurityPre-Seed$24.1M73%
Preventric Diagnostics, LLCMedical DevicesSeed$66.7M73%
Frequently asked
How much funding has MedCrypt Inc. raised?
MedCrypt Inc. has raised approximately $39.7M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is MedCrypt Inc.'s estimated valuation?
Provath's modeled valuation for MedCrypt Inc. is approximately $45.6M (modeled range $18.7M–$72.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is MedCrypt Inc. at?
MedCrypt Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Feb 04.
What does MedCrypt Inc. do and where is it based?
MedCrypt Inc. operates in the Medical Devices sector, based in SOLANA BEACH, CA, USA. MedCrypt gives medical device vendors cybersecurity features in a few…
Explore related

See where MedCrypt Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at MedCrypt Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.