Asimily Receives Strategic Investment from MemorialCare Innovation Fund

Asimily, a Sunnyvale, CA-based risk management platform for IoT devices and web-connected equipment, received an investment of undisclosed amount.

The company received a strategic commitment from MemorialCare Innovation Fund, which followed the one from Ridge Ventures, which led Asimily’s most recent round.

The company intends to use the funds to accelerate the development of new platform tools and to expand within the healthcare industry.

Led by Shankar Somasundaram, CEO, Asimily has built a risk management platform that secures IoT devices for medical, diagnostic, life sciences, and pharmaceutical companies in the healthcare industry. With an extensive knowledge base of IoT and security protocols, the platform inventories and classifies every device across a healthcare organization, both connected and standalone. Because risk assessment—and threats—are not a static target, Asimily monitors healthcare organizations’ devices, detects anomalous behavior, and alerts operators to remediate any identified anomalies.

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 healthcare organizations an investigative tool for incident response and forensics to reveal the specific tactics and techniques that an attacker is using.

The platform now secures more than 20 million medical IoT devices and analyzes more than 1000 terabytes of data daily to safeguard those devices from risk.