By Matt Kinsella
We are excited to announce our latest investment in Cylera, a leader in the healthcare IoT cybersecurity market.
Medical devices are increasingly connected to hospital networks, with an average of 15–20+ devices per hospital room. This maximizes operational efficiency but unfortunately increases the risk for cyberattacks on patients and healthcare organizations. There seemingly is a new ransomware attack on a hospital every day. Cylera’s cybersecurity platform continuously finds new, existing and unknown assets/devices, provides risk analysis, and detects threats (known and unknown) for critical medical devices such as ventilators, infusion pumps, imaging devices and laboratory equipment. In other words, they keep the bad guys from messing with the patients.
In this vulnerable time, Cylera’s centralized, consolidated IoT security solution is more essential than ever. This fresh round of capital will ensure Cylera can expand its next phase of innovation to protect medical devices and treat all patients in the most secure way.
Congratulations to Tim, Sean, Paul and the entire team at Cylera. You all are machines and it’s really great to see all your hard work produce serious results. I’m grateful to be a part of it.
The views expressed herein are solely the views of the author(s) and are not necessarily the views of Maverick Capital, Ltd. or any of its affiliates. They are not intended to provide, and should not be relied upon for, investment advice.