Ballistic Ventures Raises $360 Million to Fuel Cybersecurity Innovation: What It Could Mean for Cyber Insurance Coverage

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Ballistic Ventures has closed its second fund, gathering $360 million to fuel innovations in the cybersecurity arena. This development marks a significant milestone in the firm’s commitment to fostering the next generation of cybersecurity solutions. With the sector’s total addressable market projected to swell to between $1.5 trillion and $2 trillion, Ballistic Ventures aims to … Read more

AI to Increase Cyber Attacks Until Countermeasures Catch Up Over Next 2 Years: Lloyd’s Report

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“The impact of GenAI on the cyber landscape is likely to increase the frequency, severity, and diversity of smaller scale cyber attacks, which will grow over the next 12-24 months, followed by a plateauing as security and defensive technologies catch up to counterbalance their impacts,” predicts the report, “Generative AI: Transforming the Cyber Landscape.” The … Read more

Eye Security Locks in €36 Million to Bolster Cybersecurity Solutions for European Mid-Market

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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

Markel Bolsters Cyber Security Team with New Analyst in Singapore

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Markel, a key division of Markel Group Inc., has welcomed Ng Yao Hua aboard as a Cyber Security Analyst. He arrives to enhance cyber security underwriting capabilities in the Asia Pacific market. This appointment marks a significant addition to the company’s growing expertise in the region, demonstrating its commitment to addressing the evolving cyber security … Read more

Brutal New Numbers on Insurtech Investment Trends

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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

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