Cylera, a cybersecurity and intelligence company, has scored $10m in its Series A funding round, which was led by Concord Health Partners and Maverick Ventures.
Other investors in Cylera include Contour Venture Partners, Two Sigma Ventures, Dreamit Ventures, Great Oaks Venture Capital, Red Bear Angels and Samsung NEXT. With the close of the round, the company has raised a total of $17m in funding.
Funds from the round will be used to expand its presence into new global markets through strategic channel partners. Furthermore, the company hopes to bolster its technology and hire more staff across its research and development, channel support, customer success, and sales and marketing teams.
The company offers a unified cybersecurity platform for asset management, risk analysis and threat detection. Its platform helps to simplify response playbooks, decrease time to remediation and support informed decision making.
Cylera co-founder and CEO Timur Ozekcin said, “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, which can decrease operational risk and increase efficiencies.
“However, with this expanded footprint and reliance on connected devices, organizations are experiencing attacks targeted at connected medical devices, operational technology and IoT devices to extort money, impact patient care and disrupt operations. With our latest round of funding, Cylera is fuelling the next phase of innovation to safeguard organizations against cyberattacks on connected devices.”
Copyright © 2021 FinTech Global
Copyright © 2018 RegTech Analyst
