202015 Sep
Medigate Raises $30M in Series B Financing to Meet Rising Demand for Healthcare IoT Security
Type
Funding Rounds
Source
Businesswire
Summary

“We are very appreciative of the continued support we receive from our investors at YL Ventures, USVP and Blumberg Capital and are excited to add Partech and Maor Investments to our team as we enter in the next phase of our growth.” Gartner has forecasted that the number of connected devices will grow to 25 billion by 2021. Medigate has continued its tremendous growth by demonstrating how comprehensive device data leads to new ROI and cost savings in healthcare delivery organizations around the world, from the largest health systems to specialty hospitals. “Their growth over the last two years is evidence that securing unmanaged devices is top of mind for healthcare leaders.” Yoav Leitersdorf, managing partner at YL Ventures, shared, “Medigate is powered by an extraordinary team that has outperformed even our highest expectations. It brings together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages across multiple continents, with over €1.3B investment capacity. YL Ventures accelerates the evolution of portfolio companies via strategic advice and U.S.-based operational execution, leveraging a powerful network of CISOs and global industry leaders.

Classifications
  • Healthcare
  • General Healthcare
  • Security
  • Medical Equipment Software
  • Web and Content Management
  • Data Warehousing Software
  • Data Management
  • Business Intelligence
  • Virtualization & Network Resources
  • Facilities Management
  • Computerized Maintenance Management