Boston-based Health IT Startup Announces $20M Series A Funding
- TWIDH

Boston-based Health IT Startup Announces $20M Series A Funding

Q&A with David Ting, Founder, and CTO of Tausight

Tausight’s mission is to solve one of the most challenging healthcare CIOs, CISOs, and their IT organizations: ensuring the confidentiality, integrity, and availability of patients’ PHI.

Protecting patient healthcare information is the #1 cybersecurity objective within the $3 trillion U.S. healthcare industry. Healthcare has many data security software tools and defensive strategies already in place, but they fall short in fully securing healthcare’s uniquely challenging IT infrastructure. Further, with the advent of the COVID-19 crisis and even more remote care, the patient data “attack surface” has increased exponentially. The need for what we are building has never been greater.

Tausight was founded in 2018 by David Ting, the cofounder and former CTO of Imprivata and a former appointee to the U.S. Department of Health and Human Services Health Care Industry Cybersecurity Task Force. Tausight is a patient data security startup to reduce healthcare cyber incidents using a more proactive risk management philosophy. We deeply understand the complex intricacies of the healthcare infrastructure. We have been working very closely with healthcare’s leading CIOs and CISOs to secure better their patient’s protected health information (PHI).

Backed by top-tier healthcare technology investors, Polaris Partners and Flare Capital Partners, our team has spent the last two years single-mindedly focused on developing a cutting-edge, multi-patented platform technology that will help secure and de-risk PHI across a now increasingly decentralized healthcare ecosystem. Tausight is an exciting place to be at a critical time for healthcare, and the best time to join us is right now.

What motivated you to start Tausight? 

I am often asked this question by healthcare CIOs and CISOs who want to understand why I am starting this new company. The answer is that I, Tausight’s CEO Dave Dickinson, and the rest of the team take it as a personal challenge to solve a critical problem that is plaguing healthcare organizations, from the smallest critical care unit to the largest academic institutions. Over the years, we have seen the complexity of healthcare IT systems and the challenges healthcare CIOs and CISOs face even with a full cybersecurity stack – so the mission of our team is to build something specifically designed for the “people of healthcare” – patients, clinicians, and IT personnel – based on our experience from working with hundreds of CIOs, CISOs, and hospitals. We want to provide purpose-built tools that give them visibility into vulnerabilities that everyone knows exist but are impossible to find in the clinical workflow. We intend to leverage recent advances in IoT technology, data science, and new recommendations from the cybersecurity community, such as the NIST Cybersecurity Framework, to focus on what is important for healthcare – securing the clinical workflow. 

When did Tausight launch? 

Tausight was founded in 2018. We recently announced the company raised $20 million in Series A funding co-led by existing investors Polaris Partners and Flare Capital Partners, alongside new investor .406 Ventures. 

How does Tausight’s technology help protect protected health information? 

Our goal with Tausight is to help healthcare CIOs and CISOs understand the risks inherent in how PHI is used to eliminate threats. By analyzing in real-time how patient data is stored, used, and transmitted in clinical environments, Tausight helps healthcare proactively address vulnerabilities that could lead to an eventual costly cyber incident. 

Has the need/demand for this technology increased during the COVID-19 pandemic? 

The COVID-19 pandemic accelerated the adoption of new digital and mobile technologies for virtual care, creating an explosion of endpoints and expanding the attack surface. As healthcare providers embrace digital transformation, virtual care, and cloud-first strategies, the underlying IT infrastructure has increasingly become decentralized, creating many more gaps resulting in PHI being put at greater risk. With no other healthcare-specific, comprehensive solutions to discover and help secure PHI at risk in real-time on the market, technology to help solve the unique challenges that healthcare organizations face is needed now more than ever, and that’s what Tausight is focused on on on delivering. 

How does Tausight plan to use this funding? 

Tausight will use this funding to expand our go-to-market team and further build our healthcare-specific platform for securing and de-risking PHI – exposing the hidden vulnerabilities across clinical workflow that put patient data at risk. 

Boston-based Health IT Startup Announces $20M Series A Funding

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