Diligence memo · auto-generated · as of July 2, 2026
MedCrypt Inc.
MedCrypt Inc. has raised $40M over 4 rounds; too few niche peers to rank its valuation yet.
Businessfiled
MedCrypt Inc. operates in Medical Devices, based in SOLANA BEACH, CA, USA. MedCrypt gives medical device vendors cybersecurity features in a few…
Sub-sector tags: Cybersecurity, Healthcare, Medical Devices, ai/ml, cybersecurity, medical-devices.
Capital & rounds (filed)filed
MedCrypt Inc. has raised $40M in disclosed capital across 4 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $25M on 2022-10-04.
Most recent recorded round closed around 2025-02-04.
Valuation (modeled)modeled
Provath models MedCrypt Inc. at approximately $46M (range $19M–$73M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 34 months.
Last raise 17 mo ago; this sector typically re-raises about every 16 months.
Raising on or ahead of the sector's normal rhythm.
The last round was 3.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 92% of Medical Devices peers (233 compared).
Modeled value ranks above 76% of those peers.
Closest niche peers: Surgical Safety Technologies Inc., Vicarious Surgical Inc..
Peoplefiled
14 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.