CyberMDX raises $20 million to improve healthcare cybersecurity and protect critical assets

The funds will be used to develop CyberMDX’s platform for hospitals’ operational security and efficiency.

Healthcare systems are currently under extreme pressure as they work to combat the COVID-19 pandemic. To help them in their efforts, on April 7, healthcare cybersecurity company CyberMDX announced it had raised $20 million in funding to secure hospital networks and critical assets.

“CyberMDX has been leading the market, helping healthcare organizations identify, optimize and secure their critical assets,” Amir Magner, CEO and co-founder at CyberMDX, said in a press release. “In light of COVID-19 and the unprecedented international impact, we see it as part of our mission to support the healthcare community in these challenging time. We are incredibly excited to be backed by strong investors, with backgrounds in both capital and commercial markets. For us, this is key to quickly executing of our company’s mission and growing of our ambition.”

The funds will be used to develop CyberMDX’s platform for hospitals’ operational security and efficiency. CyberMDX is working to provide hospitals with an end-to-end risk management and operational efficiency solution designed to automate and simplify the way devices are identified, protected, and utilized.

CyberMDX has raised $30 million in total. The most recent fundraising effort was led by  Relyens group, an insurance and risk management provider for healthcare. Pitango Venture Capital and Qure Ventures also participated.

“We are very excited to be leading this funding round,” Relyens group CEO, Dominique Godet said in the release. “CyberMDX is a leader in the healthcare cybersecurity arena and their offering is well timed with the rapidly increasing demand for solutions that help ensure hospitals continue running smoothly. We look forward to collaborating with and supporting them as they accelerate into their next wave of expansion.”

Rebecca Addison

Industrial Cyber Editor. Rebecca Addison is a former newspaper editor with a decade of experience in the media industry. During her career, she has interviewed world leaders and corporate CEOs, and covered topics ranging from blockchain and CBD to healthcare and education.