CyberCube, a San Francisco, CA-based cyber risk analytics company, raised $50M in Growth funding.
The round, which brings its total capital raised to over $100M, was led by Morgan Stanley Tactical Value, with participation from Forgepoint Capital, Hudson Structured Capital Management, MTech Capital, Stone Point Capital and Scott G. Stephenson.
The company intends to use the funds to accelerate growth and expand operations.
Led by Pascal Millaire, CEO, CyberCube delivers cyber risk analytics for the insurance industry. With data access and multi-disciplinary analytics, the cloud-based platform helps insurance organizations quantify cyber risk to facilitate placing insurance, underwriting cyber risk and managing cyber risk aggregation. Its enterprise intelligence layer provides insights on millions of companies globally and includes modeling on thousands of points of technology failure. CyberCube models cyber risk to allow insurers and brokers to understand their portfolios’ exposure to cyber threats while enabling their clients to protect themselves. Its products also aid underwriters in their evaluation of individual commercial risks during the underwriting process.
The company provides a wide range of products that include:
- – Broking Manager, for brokers to better advise their clients on risk transfer.
- – Portfolio Manager, a scenario-based catastrophe model that empowers portfolio-level insights for senior leadership decision-making.
- – Account Manager, giving insurance underwriters a unique view of each risk they assess with actionable insights.
- – CyberConnect, which integrates analytics through application programming interfaces (APIs), seamlessly integrating into existing workflows.
In 2022 alone, the company announced strategic partnerships with Relm Insurance, Elpha Secure, Kapnick, Relay, EXL, AkinovA, Baldwin Risk Partners, McGill and Partners, CyberAcuView, QBE, Kroll, URS, Cooper Gay, RT ProExec, Duck Creek Technologies, Majesco, Fermat Capital Management, TrueNorth, and Converge Insurance, which is also a Forgepoint company.
FinSMEs
19/12/2022