In an insurance sector where historical actuarial tables do not exist, analytics are key for everything from underwriting to risk mitigation and response.
From the press release: “…$50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and key investors from Stone Point Capital. Scott G. Stephenson, former Chairman, President and CEO of Verisk, also participated in the financing and will join the CyberCube board as a director. This latest financing brings CyberCube’s total capital raised to over $100 million.”
Source: CyberCube Announces $50 Million in Growth Capital Financing to Further Advance Cyber Risk Analytics