Hmatix, a cybersecurity provider which protects medical devices and industrial IoT, has launched from stealth.
In addition to becoming public, the company has raised $500,000 in seed funding, from unnamed backers.
The company has launched an autonomous, hardware-based, endpoint cybersecurity solution to protect industrial IoT systems. Its services are able to defend hospital and industrial IT departments from cyberattacks and ransomware.
Hmatix works by automatically learning device behaviour and building a baseline of network traffic. Any anomalies detected is automatically blocked in real-time to help stop potential attacks.
By using the technology, clients can lower MTTR and management costs due to its autonomous configuration and response.
The company helps organisations reach NIST Cybersecurity Framework Tier 4.
Hmatix Chief Product Officer Sunil Menon said, “It’s important for any cybersecurity solution to be nimble and react quickly to or anticipate evolving threats. Complexity is the number one enemy of security. This is where we stand out from rest of the crowd.”
Founded in 2017, the company is led by Dev Gandhi who was the former co-founder of Nexage.
Earlier in the year, fellow enterprise IoT security startup Armis raised $30m in its Series B which was led by Red Dot Capital Partners. The company claims to eliminate the IoT security blind spot, protecting enterprises from the threat of unmanaged or rogue devices and networks.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
