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Cyber Insurance coverage Analytics Agency CyberCube Raises $50 Million

By Ionut Arghire on December 21, 2022

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CyberCube, a supplier of cyber danger analytics for insurance coverage firms, this week introduced that it has raised $50 million in a brand new funding spherical that brings the entire raised by the agency to $105 million.

The brand new funding spherical was led by Morgan Stanley, with participation from Forgepoint Capital, Hudson Structured Capital Administration (Bermuda) Ltd., MTech Capital, and angel buyers.

Based in 2015, the San Francisco-based CyberCube helps insurers and brokers perceive their portfolios’ publicity to cyber threats. The corporate’s options additionally help underwriters in evaluating business dangers.

Along with merchandise tailor-made particularly for brokers and underwriters, CyberCube’s software-as-a-service providing additionally consists of Portfolio Supervisor, a scenario-based disaster mannequin, and CyberConnect, which integrates analytics into present workflows.

CyberCube plans to make use of the brand new funding to advance product growth and to speed up go-to-market growth.

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