Cynerio Raises $30m in Series B Funding
Cynerio, a provider of Healthcare IoT cybersecurity and asset management solutions, announced today that it secured $30m in Series B funding.
The investment round was led by ALIVE Israel HealthTech Fund, Israel’s pioneering HealthTech investment fund, headed by former health system officials, medical professionals, and veteran medtech entrepreneurs.
Existing investors, global VC Accelmed, RDC, Elron’s joint venture with Rafael, and Swiss-based growth investor, MTIP, also participated in the funding round. ALIVE co-investors, CBG London investment company owned by Vincent Tchenguiz, also participated in the round and additional co-investors will join as well, including a leading UAE based investment group.
Cynerio will use the funding to fully realize its vision of being the healthcare industry’s go-to cybersecurity and asset management solution by expanding its channel program, forming strategic partnerships with leading solution providers and expanding its clinically-intelligent toolbox of preemptive and proactive Zero Trust solutions into a full-service, responsive security platform.
The funding will further support the acceleration of technological development and enhance support to Cynerio’s existing customers, while reinforcing its leading position in North America as well as its global expansion.
“It’s critical to have partners who intimately understand the healthcare industry and its exceptional needs, especially now with the unprecedented pressures COVID-19 has introduced. Cynerio is extremely grateful for the continued faith and support of Elron, Accelmed and MTIP,” said Leon Lerman, CEO and co-founder of Cynerio.
“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.”