Wednesday, October 4, 2023

CyberCube raises USD 50 million to expand its risk analytics platform for the insurance sector

By ET Bureau - December 20, 2022 1 Mins Read

CyberCube-raises-USD-50-million-to-expand-its-risk-analytics-platform-for-the-insurance-sector (1)

CyberCube Analytics Inc., a startup that specializes in cyber risk analytics, announced that it has raised an additional USD 50 million in growth capital, bringing its total funding to date to more than USD 100 million.

In addition to Scott Stephenson, the former CEO of Verisk Analytics Inc., the round included existing investors such as Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and Stone Point Capital as well as investment funds managed by Morgan Stanley Tactical Value.

Also Read: Sweep, a Salesforce software no-code configuration tool, raises USD 28 million

The startup stated that the funds from the most recent round would be used to speed up its go-to-market expansion in international markets and support the commercial development of products that aim to quantify cyber risk.

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