Axonius, a cybersecurity firm, has acquired Cynerio, an Israeli healthcare IoT cybersecurity startup, for US$180 million.

The total deal value could reach US$250 million based on performance milestones.

This move marks a strategic expansion for Axonius into the healthcare and critical infrastructure sectors.

Cynerio, founded in 2018 by Leon Lerman and Daniel Brodie, secures medical devices against cyberattacks.

It has raised about US$50 million from investors like ALIVE Israel HealthTech Fund, RDC, and MTIP.

Most of its 70 employees across Israel, the US, and Europe are expected to join Axonius.

The acquisition is expected to increase Axonius’ annual recurring revenue by tens of millions within a year and enhance its medical device security offerings.