Memorial Care Innovation Fund leads round with other leading health system investors Rex Health Ventures and Ballad Ventures to scale market growth in Censinet RiskOps
BOSTON, January 11, 2023–(BUSINESS WIRE)–Censinet, the leading provider of healthcare risk management solutions, today announced $9 million in funding led by MemorialCare Innovation Fund including Rex Health Ventures and Ballad Ventures, bringing the Company’s total funding to more than $22 million. Existing investors LRVHealth, HLM Venture Partners, Schooner Capital, Excelerate Health Ventures, and Cedars Sinai, participated in the round as well.
“Censinet’s mission is to take the risk out of healthcare,” said Ed Gaudet, CEO and Founder at Censinet. “With the number of breaches escalating and ransomware now a direct threat to patient safety, the need for the healthcare industry to transform cyber risk management has never been more urgent. Censinet’s unique risk exchange enables providers, payers, and vendors to collaboratively manage third party and enterprise risk, continuously improving risk posture in real-time and strengthening cybersecurity across all healthcare organizations.”
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