The round adds to $225 million already raised by the company. The round was led by Intact Ventures, an affiliate of Resilience’s primary capacity provider, with participation by Lightspeed Venture Partners, General Catalyst and Founders Fund.
“’Securing a digital world at enterprise scale requires fundamental behavior change,’ said Arif Janmohamed, Partner at Lightspeed Venture Partners, which first invested in Resilience during its Series A round. ‘We have been long-term believers in the Resilience team because they set out to fill this critical gap from day one. We are incredibly excited to see them executing on this vision over the past several years and we look forward to how they’ll help the market tackle cyber risk in the future.’”
Resilience reports that 100% of clients for its cyber risk management solution avoided a ransomware extortion in 2002, with the firm reporting 67% lower losses than the total insurance base.
This success led to a loss ratio that was three times lower than the 2022 industry average.