The Source for Cyber Insurance News, Insights and Data
Eye Security has clinched a €36 million Series B funding in a significant move for Europe’s cybersecurity field. The investment was led by J.P. Morgan Growth Equity Partners and supported by existing backers Bessemer Venture Partners and TIN Capital. This influx of funds will amplify Eye Security’s endeavors to safeguard businesses throughout Europe against growing … Read more
PitchBook reports the market ended 2023 on a low note. “In Q4 2023, insurtech startups generated $1.3 billion across 102 deals, representing declines of 22.3% and 15.7% from Q3,” reports PitchBook’s Q4 2023 Insurtech Report. The deal data company reported only one bright spot in the quarter: financing for annuity-related start ups. The financing … Read more
CyberCube’s recent study on cyber catastrophe bonds sheds light on the diversification opportunities within this evolving asset class. The firm’s analysis is of four 144A cyber catastrophe bonds issued in the fourth quarter of 2023. This brought in $415 million of new capital, which is detailed in their white paper, “Digital Ties and Natural Divides: … Read more
In a significant development for the cyber risk management sector, KYND, a pioneer in cyber risk management technologies, has announced a major investment. This financial backing comes from Verisk, a global leader in data analytics and technology, alongside continued support from BGF, a growth capital investor in the UK and Ireland. Founded in 2018 by … Read more
Formerly known as Paladin Cyber, Upfort has raised $8 million from SYN Ventures, with participation from Eniac Ventures and Fika Ventures (Upfort seed investor). Valuation was not disclosed. The company describes itself as a cyber security and insurance platform that can improve underwriting for cyber liability insurance. “Upfort’s proprietary cybersecurity technology streamlines the cyber insurance purchase and underwriting process … Read more