Security Experts:

Connect with us

Hi, what are you looking for?



Healthcare IoT Security Firm Cylera Closes $10 Million Series A Round

Healthcare IoT cybersecurity and intelligence provider Cylera today announced that it has raised $10 million in Series A funding. To date, the company has secured $17 million in funding.

Healthcare IoT cybersecurity and intelligence provider Cylera today announced that it has raised $10 million in Series A funding. To date, the company has secured $17 million in funding.

Founded in 2017 and headquartered in New York City, Cylera seeks to protect both healthcare organizations and patients, providing a security and analytics platform that aims to deliver asset management, risk analysis, and threat detection for IoT, ICS, and IoMT (Internet of Medical Things).

Cylera seeks to secure the entire connected environment, providing insights and recommendations that simplify response, accelerate remediation, and improve the decision making process.

Cylera’s Series A funding round was led by Concord Health Partners and Maverick Ventures. Previous investors include Dreamit Ventures, Great Oaks Venture Capital, Red Bear Angels, and Samsung NEXT.

The funds will help the company expand to new global markets, as well as make its technology available for new verticals. Furthermore, Cylera plans to expand its research and development, customer success, channel support, and sales and marketing teams.

“Over the past year there has been a further acceleration of the digitalization and adoption of IoT devices across hospitals, pharmaceutical companies, biotech, life sciences and manufacturing in an effort to decrease operational risk and increase efficiencies. […] With our latest round of funding, Cylera is fueling the next phase of innovation to safeguard organizations against attacks on connected devices,” Cylera co-founder and CEO Timur Ozekcin said.

Related: HD Moore Banks $5M Funding for Rumble Asset Management

Related: Aqua Security Hits Unicorn Status After $135 Million Funding Round

Related: Cyber Insurance Company Coalition Raises $175 Million

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this webinar to learn best practices that organizations can use to improve both their resilience to new threats and their response times to incidents.


Join this live webinar as we explore the potential security threats that can arise when third parties are granted access to a sensitive data or systems.


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.


Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...


The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.


No one combatting cybercrime knows everything, but everyone in the battle has some intelligence to contribute to the larger knowledge base.

Cloud Security

Microsoft and Proofpoint are warning organizations that use cloud services about a recent consent phishing attack that abused Microsoft’s ‘verified publisher’ status.


A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...

Risk Management

The supply chain threat is directly linked to attack surface management, but the supply chain must be known and understood before it can be...