Total Amount Raised: $26M
Lead Investor: Polaris Capital
Other Participants: Flare Capital Partners and .406 Ventures
Company's Purpose for Funding:
- Bolster its market presence and foster customer growth.
- Sustain and magnify investments in its patented AI technology.
Location: Burlington, MA
Leadership: Founded by healthcare security pioneer, David Ting and presently directed by healthcare visionary, Frank Nydam
Product/Service: Tausight is a healthcare-centric AI-powered data security organization. The company’s mission is rooted in its dedication to diminish the triumph of healthcare-specific cyberattacks.
Tausight unveiled its magnified AI-driven PHI Security Intelligence platform. This innovation automates the discernment and categorization of electronic protected health information (PHI), thus bolstering the security measures for healthcare patients’ most confidential data.
The platform’s expansion will cover an extensive range of sensitive healthcare data categories, empowering them to address pivotal customer requirements and branch out into fresh healthcare market sectors.