Scope Security, a health system management detection and response startup, today announced it has raised $20 million in new funding to develop cybersecurity solutions designed to address the complexity of the healthcare ecosystem.
Thrive Capital led the Series A round, with participation from SV Angel, Martin Ventures, Sound Ventures, Crossbeam and Free Solo. Including the new funding, Scope has raised $37.7 million to date, according to Crunchbase.
Scope, founded in 2019 by former Lookout Inc. chief security officer Mike Murray, offers MDR services to protect hospitals, clinics and large provider systems from cyberattacks. The company offers a customized platform of integrated technologies and services designed to detect complex attacks faced by healthcare organizations across their technology landscape.
The platform enables customers to detect complex attacks in real time and close the visibility gap between health systems and previously unmonitored medical devices, clinical technologies and electronic health records. The solution can be deployed as a complete, system-wide detection and response solution, or as a single point solution focused on the team's current visibility gap with medical devices.
Scope's platform is a solution to an important problem: cyber attacks against healthcare providers. According to the company, a recent study found that 70 percent of hospitals have experienced a "significant security incident" in the past 12 months. The damage caused by these attacks has significant near- and long-term costs to the financial health of the organization and its patients.
In addition, the COVID-19 pandemic has accelerated investment in digital innovations such as remote patient monitoring and telemedicine, creating new security vulnerabilities. Scope says health system leadership must consider its security infrastructure holistically and invest in proactive strategies that support new care delivery mechanisms while ensuring patient safety, data privacy and continuity of care.
"Over the past few years, attacks on health systems have cost millions of dollars, compromised millions of records and caused harm to patients," Murray explained in a statement. "We launched Scope Security to address the unique challenges of healthcare delivery by providing the same level of security that has long been available to financial services, industry and government organizations."
Photo: Scope Security