ANN ARBOR, Mich., May 07, 2024 (GLOBE NEWSWIRE) -- Blackwell Security, a provider of specialized cybersecurity solutions tailored for the healthcare sector, announced today a $13M round of funding co-led by General Catalyst and Rally Ventures to help bolster security operations in healthcare. The funding will be instrumental in expanding their Managed Healthcare Extended Detection and Response (MHXDR) offering, purpose-built for the needs and complexities of securing patient data and defending patient care for healthcare companies. These new funds will also be used to broaden their offerings within the U.S. market. "As health system CEOs and physician practice leaders, the past few years have underscored the vital importance of preparation for unforeseen events as a cornerstone for survival and success," said Stephen K. Klasko, M.D., M.B.A., General Catalyst Advisor. "Anticipating potential challenges is pivotal; what may seem unintended can often be predicted. Cybersecurity and data trust emerge as the next looming 'pandemic,' and as a healthcare leader, I perceive Blackwell Security's approach to safeguarding healthcare organizations as akin to providing the essential 'PPE' in readiness for the inevitable threats to system security." With resilience in healthcare operations gaining paramount importance, urgent action is needed to bolster cybersecurity initiatives across the sector. However, without the proper resources, it's nearly impossible for healthcare organizations to successfully safeguard patient data, especially with evolving cyber threats and increasing regulatory pressures. Blackwell's MHXDR offering is designed with these challenges in mind. Equipped with HIPAA compliance, they have the ability to enhance security operations in healthcare delivery and ...