Blackwell Security secures $13M to empower healthcare cybersecurity with Catalyst.

TLDR:

Blackwell Security raises $13 million in funding co-led by General Catalyst and Rally Ventures to enhance healthcare cybersecurity operations.
The funding will support the expansion of their Managed Healthcare Extended Detection and Response (MHXDR) offering, tailored for securing patient data and defending patient care.

Blackwell Security, a specialized cybersecurity solutions provider for the healthcare sector, announced a $13 million round of funding co-led by General Catalyst and Rally Ventures. The funding aims to strengthen security operations in healthcare, particularly through their Managed Healthcare Extended Detection and Response (MHXDR) offering. This funding will also facilitate the expansion of Blackwell’s offerings within the U.S. market.

With the increasing importance of resilience in healthcare operations, cybersecurity initiatives are crucial to safeguard patient data from evolving cyber threats and regulatory pressures. Blackwell’s MHXDR offering is equipped with HIPAA compliance to enhance security operations in healthcare delivery settings and reduce the number of false alerts for security analysts. The new funds will also support the expansion of capabilities such as healthcare threat intelligence and automated response.

Additionally, Blackwell actively collaborates with design partners, including health systems and General Catalyst’s Health Assurance Network, to enhance their MHXDR offering and improve cybersecurity access for healthcare companies. In line with this, cyber security expert Geyer Jones has been appointed as their first Chief Executive Officer to lead the company through its next phase of growth.

Overall, Blackwell Security’s focus on healthcare cybersecurity and the funding received from General Catalyst and Rally Ventures will enable the company to continue innovating, safeguarding healthcare cybersecurity, and improving security posture across the healthcare industry as a whole.

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