Security News > 2020 > April > Healthcare Cybersecurity Firm CyberMDX Raises $20 Million
New York-based healthcare cybersecurity firm CyberMDX on Tuesday announced that it has raised $20 million in a growth round, which brings the total raised by the company to date to $30 million.
The funding round was led by Sham, which is Europe's biggest insurance and risk management services provider for healthcare.
The company offers a solution that helps healthcare organizations continuously discover connected medical devices, visualize network flow, manage assets, and obtain risk assessment and security reports.
"CyberMDX has been leading the market, helping healthcare organizations identify, optimize and secure their critical assets," said Amir Magner, CEO and co-founder at CyberMDX. "Nowadays, in light of COVID-19 and unprecedented events, we see it as part of our mission to support the healthcare community in its challenging time. We are incredibly excited to be backed by strong investors with a healthy mixture of VC and strategic commercial syndicate that will enable faster execution and growth of our company's mission."
Over the past year, researchers at CyberMDX have identified vulnerabilities in infusion therapy products made by BD, and anesthesia devices and patient monitoring products made by GE Healthcare.