HomeUSACensinet Raises $9M in Funding

Censinet Raises $9M in Funding



Censinet, a Boston, MA-based provider of healthcare risk management solutions, raised $9M in funding.

The round was led by MemorialCare Innovation Fund, Rex Health Ventures and Ballad Ventures, with participation from LRVHealth, HLM Venture Partners, Schooner Capital, Excelerate Health Ventures, and Cedars Sinai.

The company intends to use the funds to accelerate growth and expand operations.

Led by CEO Ed Gaudet, Censinet provides Censinet RiskOps, a cloud-based risk exchange of healthcare organizations working together to manage and mitigate cyber risk. Purpose-built for healthcare, Censinet RiskOps delivers total automation across all third party and enterprise risk management workflows and best practices. With a Digital Risk CatalogTM of over 34,000 vendors and products, automated corrective action plans, real-time portfolio management, and Board-ready reporting with actionable insights, customers manage and mitigate third-party risk across the entire vendor and product lifecycle.