Israeli IoT Security Startup Cynerio raises $30m

May 23, 2021 · 1 min read
Israeli IoT Security Startup Cynerio raises $30m
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As IoT is being an integral part of a significant portion of the world, from the Kitchen to public infrastructure, hackers are stepping up their game. The Israeli Cybersecurity firm Cynerio has created a full-service security platform that’s attracting venture capital.

According to Globes:

Israeli healthcare IoT cybersecurity provider Cynerio announced that it has completed a $30 million in Series B financing round led by ALIVE Israel HealthTech Fund, Also participating in the round were existing investors, Accelmed, RDC, Swiss-based investor, MTIP, CBG owned by Vincent Tchenguiz, and a UAE based investment group.

Cynerio will use the funding to promote 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 position in North America as well as its global expansion.