Claroty Completes Acquisition of Healthcare Industry IoT Security Leader, Medigate |

Claroty Completes Acquisition of Healthcare Industry IoT Security Leader, Medigate |

NEW YORK, January 10, 2022 / PRNewswire / – Clarity, the security company for cyber-physical systems (CPS) in industrial, healthcare and enterprise environments, today announced that it has completed the acquisition of meditate, a first healthcare IoT security company. The acquisition uniquely positions Claroty to secure the Extended Internet of Things (XIoT) by providing unparalleled visibility, protection and threat detection for all connected organizations through a comprehensive solution.

“Highly interconnected CPSs have become ubiquitous in industrial and healthcare environments in recent years to drive innovation, resilience, sustainability and better health outcomes. However, greater connectivity creates greater exposure to risk, with serious consequences for patient safety, public safety, and the environment, ”said Yaniv Vardi, CEO of Claroty. Together, Claroty and Medigate will combine our deep domain expertise and specialized technologies into a comprehensive platform that will extend to all types of CPS and connected devices to secure the XIoT. We envision a future where the cyber worlds and physical will securely connect to support our lives, and with Medigate’s talented team and powerful capabilities, we have what it takes to make this vision a reality. “

Ransomware attacks affecting CPS in all affected sectors records in 2021, and 82% of health systems have reported IoT cyber attacks in the past 18 months alone. This has led to a wave of new security regulations urging and even forcing organizations to take action.

“By joining forces between Medigate and Claroty, we are the only cybersecurity company that can provide an industry-leading solution for all critical assets in the healthcare, industrial and enterprise environments that make up the XIoT,” said Jonathan Langer, co-founder and CEO of Medigate. “Our combined talent, technology and intellectual property allow us to truly change the way organizations identify, secure and manage these connected assets at scale, delivering even greater value to our customers. “

The acquisition was funded by Claroty’s $ 400 million Series E, announced in december 2021. The cycle was led by SoftBank Vision Fund 2, Bessemer Venture Partners, Schneider Electric, Rockwell Automation, Standard Investments, Team8 and ISTARI (a global cybersecurity platform established by Temasek). Clarity increased $ 635 million To date, making it the best-funded cybersecurity company in industry (OT), healthcare (IoMT), and enterprise IoT.1

About Medigate

Medigate, a Claroty company, is the industry’s first and leading dedicated IoT healthcare security platform, enabling healthcare providers to deliver connected care securely. Medigate merges its in-depth understanding of medical workflows and proprietary protocols with the reality of today’s cybersecurity threats, so hospitals can confidently connect and operate all clinical assets on their network while ensuring the confidentiality and patient safety. To date, Medigate has won more than 40 industry awards, including the 2021 Best in KLAS for IoT Security in Healthcare, the SINET Innovator Award, the Fast Company’s Most Innovative Company Award and figure in Forbes’ Top 20 IoT Startups to Watch.

About Clarity

Claroty enables organizations to secure cyber-physical systems in industrial (OT), healthcare (IoMT) and enterprise (IoT) environments: the Extended Internet of Things (XIoT). The company’s unified platform integrates with customers’ existing infrastructure to provide a full suite of controls for visibility, risk and vulnerability management, threat detection and secure remote access. Backed by the world’s largest investment firms and industrial automation suppliers, Claroty is deployed by hundreds of organizations at thousands of locations around the world. The company is headquartered at New York City and is present in Europe, Asia Pacific, and Latin America.

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1 Source via internal company analysis of Crunchbase data.

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SOURCE Clarity


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