Led by Andreessen Horowitz, the round included participation from Stone Point Ventures and EOS Venture Partners. Use of proceeds include expanding sales and building out the platform for an “end-to-end response process.”
“CYGNVS (an acronym of CYber GuidaNce Virtual Space) empowers organizations to reduce their risk before a cyber crisis through preparation and practice and then reduce cost and impact of a cyber crisis with a guided, accelerated response.”
The company calls out its focus on the cyber insurance industry. “Today, CYGNVS insurance customers together represent half the cyber insurance market and CYGNVS is being rolled out to clients by leading insurers and brokers complementing their cyber insurance policies.”
AIG worked with CYGNVS to identify requirements in the market identified through the carrier’s large cyber insurance portfolio. “AIG helped CYGNVS develop the requirements by providing guidance based on AIG’s experience, expertise and thought leadership in cyber claim resolutions, enabling CYGNVS to develop a robust platform to address the problems of organizations worldwide.”
CYGNVS Inc. today emerged from stealth backed by $55 million in series A funding and unveiled its pioneering guided cyber crisis platform purpose-buil
Source: CYGNVS™ Launches First-Ever Guided Platform for Cyber Crisis Preparedness and Response Management