Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Healthcare IoT Cybersecurity Firm Cynerio Raises $30 Million

Healthcare IoT cybersecurity and asset management solutions provider Cynerio this week announced closing a $30 million Series B funding round. To date, the company has raised a total of $37 million.

Healthcare IoT cybersecurity and asset management solutions provider Cynerio this week announced closing a $30 million Series B funding round. To date, the company has raised a total of $37 million.

Cynerio was founded in 2017 and it has offices in Israel and New York. The company has developed a platform that is designed to secure a wide range of systems, including medical and Internet of Medical Things (IoMT), enterprise IoT, and operational technology (OT).

Its clinically-intelligent platform provides automated asset discovery, helping cybersecurity teams identify security problems on their organization’s network and solve them.

The new injection of capital will help Cynerio improve its portfolio through expanding its channel program and transforming its existing Zero Trust solutions into a full-service security platform.

Furthermore, the company plans to use the funds to accelerate development and enhance support to existing customers. It will also invest in reinforcing its position on the North American market and in expanding globally.

The new funding round was led by ALIVE Israel HealthTech Fund, with participation from existing and new investors and co-investors.

“With the additional backing of ALIVE and their expertise in the US healthcare system, we’ll be able to continue advancing our product offerings to support healthcare providers, with unparalleled threat detection, preemptive security and response capabilities, while alleviating healthcare’s coinciding operational challenges,” Leon Lerman, CEO and co-founder of Cynerio, said.

Related: Endpoint Security Provider ThreatLocker Raises $20 Million

Related: Cloud-Native Authorization Provider Styra Raises $40 Million

Related: Asset Discovery Provider Panaseer Raises $26.5 Million

Related: DevOps Security Startup Cycode Raises $20 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Management & Strategy

Industry professionals comment on the recent disruption of the Hive ransomware operation and its hacking by law enforcement.

IoT Security

Lexmark warns of a remote code execution (RCE) vulnerability impacting over 120 printer models, for which PoC code has been published.

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.

Management & Strategy

SecurityWeek examines how a layoff-induced influx of experienced professionals into the job seeker market is affecting or might affect, the skills gap and recruitment...

Funding/M&A

Tenable has launched a $25 million venture fund to place bets on early-stage startups in the exposure management space.

Cybersecurity Funding

Forward Networks, a company that provides network security and reliability solutions, has raised $50 million from several investors.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.