Medigate, a NYC-based IoT and medical device security and asset management platform, closed a $30M Series B funding round.
The round, which brought total funding to $50M, including a Series A round completed in 2019, was led by new investor Partech, with participation from existing investors YL Ventures, U.S. Venture Partners (USVP) and Blumberg Capital, as well as Maor Investments.
The company intends to use the funds to expand operations and its business reach.
Led by Jonathan Langer, CEO and Co-Founder, Medigate provides a dedicated medical device security and asset management platform, enabling providers to deliver secure, connected care. With it, hospital networks can safely operate all medical devices on their network, enabling deployment of existing and new devices to patients while ensuring privacy and safety.
The solution addresses patient safety and privacy by automatically locating, identifying and managing the security posture of all devices connected to the network, in addition to powering clinical engineering with the device data they’ve never had available before to manage their fleet of medical devices.