Cylera

Cylera

Focused on protecting healthcare devices from cyber attacks.

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DateInvestorsAmountRound
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$26.0m

Series B
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues00000000000000000000
% growth--107 %14 %28 %
EBITDA00000000000000000000
Profit00000000000000000000
EV00000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x
R&D budget00000000000000000000

Source: Dealroom estimates

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More about Cylera
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Cylera is a cybersecurity company founded by Timur Ozekcin and Paul Bakoyiannis.

Ozekcin's background in a prior medical device venture, Heuristics Health, provided the foundational insight for Cylera's mission. This experience highlighted the increasing security risks associated with the proliferation of connected devices in healthcare.

Cylera's core business is providing a cybersecurity platform specifically designed for the healthcare Internet of Things (IoT). The company serves healthcare organizations, from hospitals to clinics, that are managing a growing number of connected medical and IoT devices. The business model is primarily software-as-a-service (SaaS), offering subscriptions to its platform.

The platform addresses the critical need to protect patient data, ensure the operational continuity of medical devices, and comply with regulatory requirements. It works by creating a comprehensive inventory of all connected assets within a healthcare network. For each device, it conducts a detailed risk analysis, identifying vulnerabilities and potential threats. The system provides real-time threat detection and offers actionable steps for mitigation, helping to prevent security breaches. This includes monitoring for anomalous behavior and unauthorized access, thereby safeguarding the entire healthcare delivery environment.

Keywords: healthcare cybersecurity, IoT security, medical device security, asset intelligence, threat detection, risk analysis, network visibility, patient data protection, operational continuity, SaaS

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