Cybersecurity startup CyberMDX Technologies Inc. reckons it can take some of the pressure off healthcare providers after raising $20 million in funding.

The round, announced today, was led by Sham (Relyens Group), while existing investors Pitango Venture Capital and Qure Ventures also participated.

CyberMDX sells risk management and security software that helps healthcare organizations secure connected medical equipment, computer systems and other “internet of things” devices. The software works by automatically identifying and tracking all of an organization’s connected devices and providing real-time threat reporting and context-aware anomaly detection. If an intrusion is detected, the affected device is automatically quarantined until the threat can be investigated and neutralized, thereby protecting other devices.

In an interview with SiliconANGLE, CyberMDX co-founder and Chief Executive Officer Amir Magner said the latest funding round is timely given that countries around the world are battling to contain the coronavirus pandemic. He explained that healthcare organizations need to ensure their systems and medical equipment run smoothly during this crisis, since any problems will only exacerbate the pressure they’re already under.

“We understand the current pressures and the shortage of staff at hospitals, yet know that cybersecurity concerns can’t be neglected,” Magner said. “There have been a handful of cyberattacks in recent weeks, whereby certain entities and hackers are trying to take advantage of the vulnerable situation of hospitals. It is always critical for healthcare delivery organizations to detect and protect their network, to ensure patient care is not affected.”

Relyens Group CEO Dominique Godet said CyberMDX’s offering is “well-timed with the rapidly increasing demand for solutions that help ensure hospitals continue running smoothly.”

Magner told SiliconANGLE that CyberMDX plans go beyond its immediate goal of helping the healthcare community to get through the current crisis, and that it will use today’s funding to expand into new geographic regions.

Image: CyberMDX/Facebook