KYND

Overview
News
Cyber Insurance?
Product stageSegments
Early
?
Risk assessment and rating
?

KYND, a UK-based cyber risk rating startup develops an API-based cyber risk technology platform custom-built for companies in the insurance industry. The platform collects and processes data to assess the cyber risk of companies and presents the information to insurers, brokers, and their clients in layman terms. The company provides meaningful insights into the cyber risk exposure of the companies and also offers value-added services to continuously monitor the cyber exposure of the insureds and provide alerts on new risks. KYND also offers a team of experts that complement its platform to offer clients further analysis.

The firm announced plans to expand into the US cyber insurance market in June 2023, establishing a team in Houston, Texas to cater to new and existing clients based in North America.

Key customers and partnerships

KYND recorded a 1000% growth in annual recurring revenue (ARR) since June 2020 and has entered into partnerships with high-profile insurance and brokerage companies such as Beazley, Howden, Paragon, and Alliant.

Funding and financials

In January 2022, the company raised GBP 3.25 million (USD 4.46 million) from BGF, a UK-based growth capital investor. The funds were expected to be utilized to develop its cyber risk technology for new product launches and to accelerate its growth in the UK and globally.

HQ location:
No 4 The Grain Store, 70 Weston Street London GBR
Founded year:
2018
Employees:
11-50
IPO status:
Private
Total funding:
USD 9.4 mn
Last Funding:
USD 3.3 mn (Secondary Market; Feb 2024)
Last valuation:
USD 24.6 mn (Feb 2024)
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Company profile
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