Cybersecurity Startup Cynerio Raises $7 Million

Israel-based Cybersecurity company Cynerio Israel Ltd. raised a $7 million seed round, the company announced Wednesday. The round was led by Rafael Development Corporation Ltd. the corporate venture capital arm of Israeli defense company Rafael Advanced Defense Systems, Israel-based venture fund Accelmed, and Swiss-based healthcare-sector capital fund MTIP.

Cynerio develops cybersecurity protections for medical devices, comparing network behavior with a database of medical workflows.

Founded in 2017, the company is based in Ramat Gan, a Tel Aviv suburb. It employs 20 people.