MedCrypt, a San Diego-based provider of cybersecurity solutions for medical devices, recently closed a $25 million Series B funding round. The startup sells its software to medical devices manufacturers so they can enhance the security of their products, which range from pacemakers to CT scanners.
The model can be used to outline the steps involved in a ransomware attack and thereby enabling healthcare providers to block the attackers themselves at each step.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
San Diego-based medical device startup MedCrypt struck a partnership with Blackberry QNX, an operating system developed by Blackberry for embedded systems.
With the funding, which came from Section 32, Eniac Ventures and Y Combinator, the company will advance its technology and add new employees to its sales and engineering teams.
Eniac Ventures led the seed round. Nex Cubed, Oronoco Investments, Sway Ventures and Friedman BioVentures also participated.
The cybersecurity startup identified about six basic security features that should be present on all devices, all of which MedCrypt plans to make available to companies through downloadable code.
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.