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.

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.

Ionut Arghire is an international correspondent for SecurityWeek.

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