by Ori Kitov, April 21, 2022
The world of cyber transactions has been tumultuous in recent years, with many expecting an exponential growth, and more recently, following Russia’s attack on Ukraine, the field has received the spotlight.
The last time I wrote here, I explained what the future wars would look like, I mentioned the maternity hospital attack in Ukraine, and estimated that since hospitals are not “out of the game”, they would need cyber defense services as well as entities.
In my opinion, a company whose technology will be defiantly implemented in very many hospitals in a few years’ time is Medigate (keep reading and you’ll see why).
Medigate, as its founders were graduates of the Israeli Intelligence Corps, was a promise from the very first moment. What is so special about Medigate is that it chose from its very beginning to go for a product designed and designated primarily for hospitals across the IoT space (IoMT). In this sense, the founders deserve double credit, not only did they know how to develop fine technology, but they also recognized the need to carry out segmentation in the cyber field, and provided “special treatment” to hospitals cyber needs. It was certainly innovative, and it turns out that an excellent business move as well.
Medigate’s product provides visibility to all medical devices connected to the network, and allows full identification of the types of devices, as well as analysis and understanding of the protocols, communication and behavior of each device on the network.
Through the mapping of medical devices, Medigate’s product makes it possible to identify unusual patterns that may indicate attempts at cyber-attacks that may harm the safety of devices and private medical information of patients.
In addition, Medigate provides an alleged first-of-its-kind capability for managing and analyzing the data collected by the devices for the purpose of managing the medical device inventory in organizations.
Medigate was founded in 2017 and since, has raised an aggregated amount of $50.4M, in 3 rounds
In December 2021, Claroty, the cyber giant, announced it entered an agreement to acquire Medigate as part of Claroty mission to secure all cyber-physical systems (CPS) across industrial, healthcare, and enterprise environments. The above investment brought Medigate total funding to $635 million, making it the most well-funded cybersecurity company in the industrial (OT), healthcare (IoMT), and enterprise IoT sector.
