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Resilience

Cyber Insurance
Segments:
Pure play cyber insurers
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Product stage:
Growth
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Resilience (formerly known as Arceo.ai) is a cyber insurance provider, covering incidents of business interruption costs, responding costs, and extortion losses for businesses with revenue between USD 100 million and USD 5 billion. Resilience’s claims process is handled by a 24/7 in-house team that will also assist the covered companies with incident response. Resillience’s insurance products are underwritten by Homeland Insurance Company and it has licenses to operate in all 50 US states.

In October 2023, Resilience announced it was increasing its cyber insurance coverage to GBP 10 million (~USD 12.1 million) for insureds in the UK and Europe, backed by a strategic partnership with RSA Insurance and R&W Accredited.

The company offers a ransomware readiness framework to help enterprises prepare and plan for ransomware attacks. It also offers a platform that helps build cyber health strategies, monitor cyber risk on an ongoing basis, and implement readiness measures to cyber incidents.

In May 2023, Resilience introduced a holistic cyber risk solution allowing organizations to assess, quantify, and manage cyber risk. This solution integrates Resilience’s insurance coverage with an AI risk management platform, a decision and risk action plan, expert support, and an advocacy program to build an organization’s cyber culture.

Funding and financials

The company’s last funding round was in September 2019 where it raised USD 37 million led by Lightspeed Venture Partners and Founders Fund.

Cyber Insurance

Cyber Insurance

Key stats
Featured companies
38
Total funding (USD)
3.3 Bn
Total addressable market (USD)
17.9 Bn
Key competitors
 
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Product Overview
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Product Metrics
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Company profile
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EDGE Insights

Cybersecurity (Q3 2023): Funding rebounds, as big-ticket M&As make comeback
Cybersecurity (1H 2023): Regulations and GenAI advancements keep sector busy amidst investment dip

Recent Updates

M&A
Feb 21, 2024
Resilience acquires BreachQuest to bolster cyber risk management capabilities
Cyber Insurance
Product updates
Jan 30, 2024
Resilience expands cyber risk coverage to companies with USD 10 billion in revenue
Cyber Insurance
Product updates
Oct 4, 2023
Resilience increases cyber insurance coverage to GBP 10 million
Cyber Insurance
Funding
Aug 8, 2023
Resilience raises USD 100 million in Series D funding
Cyber Insurance
Product updates
May 1, 2023
Resilience launches a cyber risk solution
Cyber Insurance
Funding
Nov 22, 2021
Resilience raises USD 80 million in Series C funding
Cyber Insurance

Company Brief


HQ location:
275 Madison Ave New York NY USA
Founded year:
2016
Employees:
101-250
Total Funding:
USD 217.0 million
Last Funding
USD 100.0 million, Aug 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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