Asimily, a risk management platform for IoT devices and web-connected equipment, will accelerate its expansion within the health care industry with a strategic investment from MemorialCare Innovation Fund. The investment includes participation from Ridge Ventures, which led Asimily’s most recent round. Asimily will also utilize the capital to build and release innovative new capabilities for complete IoT device risk management and security, according to a press release.
Modern health care organizations — from medical and diagnostic practices to life sciences and pharmaceutical companies — depend on an ever-increasing number of web-connected devices and equipment to serve patients, customers, partners and employees, and to grow their businesses. The proliferation of the IoT in health care demands a wholly different approach to ensuring security than the existing endpoint and server infrastructure that the industry has been used to. Security risks for health care organizations have and will continue to arise from surprising new vectors, while many vulnerabilities that traditional cybersecurity solutions would otherwise flag as dangerous are inconsequential. Effective and efficient IoT device security depends on how accurately and quickly vulnerability risks can be identified, prioritized and remediated through a purpose-built solution for health care organizations.
“Asimily has led the charge in developing and delivering best-in-class vulnerability management, anomaly detection, threat investigation and incident response to customers,” the press release states. “The company continues to release innovative tools and modules that stay ahead of the fast-moving threat landscape. Among its most recent additions is a built-in policy management module that enables searching through the entire network data via a simple graphical interface (akin to Google the network data) for indicators of compromise and risky activity. Asimily’s Distributed Sniffer, also newly added, gives health care organizations an investigative tool for incident response and forensics to reveal the specific tactics and techniques that an attacker is using. Capabilities like these continue to reinforce the Asimily platform as a uniquely compressive risk management solution for the health care industry.”
“Across medical, diagnostic, life sciences and pharmaceutical companies, demand for IoT device risk management continues to rise rapidly,” Asimily CEO Shankar Somasundaram said. “The value that web-connected devices and equipment can deliver to health care businesses is clear — but how to ensure they remain secure has been a challenge for many. We’ve built our company and platform around meeting this industry need head-on. We’re excited to work with MemorialCare Innovation Fund as our strategic investor and, alongside Ridge Ventures, we are eager to put this capital to work driving business development and expediting delivery of new capabilities built to address ever-evolving IoT security threats.”
“We believe that Asimily has built an impressive team that has identified a crucial and growing market need across the broad health care industry and created a proven solution that meets requirements for IoT device security that is substantially better than anything else on the market today,” said Brant Heise, managing director, MemorialCare Innovation Fund. “We look forward to supporting Asimily’s fast-paced growth and success as it enables IoT device security and compliance throughout the health care ecosystem.”
“Asimily continues to earn considerable attention and accolades from across the cybersecurity industry. In just the first half of 2022, Asimily has earned seven major cybersecurity award wins, adding to a similarly packed slate of prestigious award recognitions throughout 2021,” the press release adds.
