Tausight, a Burlington, MA-based healthcare's AI-powered data security company, has raised $6 million in additional financing.
The round was led by Polaris Capital, with participation from Flare Capital Partners and .406 Ventures.
The new capital will fuel expanded market presence and customer growth, as well as continued investment in the company's patented AI technology designed to protect healthcare's most sensitive data from cyber-attacks.
"This additional funding reflects our continued momentum as we expand Tausight's AI-based data security platform to more segments of the healthcare ecosystem so the industry can take proactive steps to protect its data from cyber threats," said David Ting, Tausight's founder, and Chief Technology Officer.
Tausight recently launched an AI-powered PHI Security Intelligence platform, automating the identification and classification of electronic protected health information (PHI) for enhanced patient data protection. Further platform expansion aims to address more healthcare data categories, targeting critical customer needs and new market segments.
Company: Tausight, Inc.
Raised: $6.0M
Round: Unknown
Funding Month: August 2023
Lead Investors: Polaris Capital
Additional Investors: Flare Capital Partners and .406 Ventures
Company Website: https://www.tausight.com/
Software Category: Healthcare's AI-powered Data Security
About the Company: Founded in 2018 by David Ting and led by Frank Nydam, Tausight is healthcare's first AI-powered data security company with a vision of reducing the success of healthcare-specific cybersecurity incidents. Tausight’s healthcare data security platform is trained using a patented algorithm to find ePHI on devices, data stores, and cloud assets. Tausight is designed to fit into the unique, decentralized environment of healthcare.
Source: https://www.prnewswire.com/news-releases/tausight-announces-additional-6-million-in-financing-301900528.html