Medical security startup CyberMDX raises $20 million to help hospital IT operate safely and efficiently

CyberMDX, the Israeli-American company providing cybersecurity in the Internet of Medical Things arena, has secured $20 million in funding. The round was led by Sham (Relyens group), a European provider of healthcare insurance and risk management, with participation from existing investors Pitango Venture Capital and Qure Ventures. CyberMDX helps hospital IT and biomedical teams secure and manage all network connected devices. Essentially, its technology platform automates and simplifies how devices are identified and protected, plus offers insight into operational efficiency. Amir Magner, CEO and co-founder of the security startup, calls the investment round “a healthy mixture of VC and strategic commercial syndicate” that will accelerate global expansion and go-to-market activities. Founded in 2017 by Magner and Moti Shniberg, with current headquarters in New York City, the company has raised $30 million to date.