SoftBank Vision Fund is a subsidiary of Softbank Group that specializes in growth capital and social impact investments. Sectors that the fund invests in include the internet of things, artificial intelligence (AI), robotics, communications infrastructure, telecoms, computational biology, biotech, cloud technologies and software, consumer internet businesses, financial technology, and mobile apps. The Fund is designed to be a catalyst for technology progress in anticipation that it will expand SoftBank's capabilities, accelerating progress towards SoftBank 2.0. It aims to invest in businesses and foundational platforms that SoftBank believes to revolutionize and innovate the world tomorrow.

SoftBank Vision Fund

Alpha Intelligence Capital (AIC) is an entrepreneurs-led, entrepreneurs-invested, global closed-end private venture capital fund. It invests in deep Artificial Intelligence/Machine Learning (AI/ML) technology-based companies. (AI is the science of self-learning software algorithms that execute tasks otherwise typically performed by humans.) We believe that AI is the Future. Our core focus lies in companies in the early stages (Seed to Series B), with deep expertise in the algorithmic sciences and their application to developing breakthrough products and to solving real business problems. Our investment committee and advisory team come from executive level positions at Fortune 500 companies and successful startups, universities, private equity firms, ventures and funds. With a long history and strong background in a variety of industries, we use our expert experience to promote both long and short-term wealth generation.

Alpha Intelligence Capital

BlackPine is a private investment firm. Their firm provides financing solutions to companies and asset owners with presence in Greater China. They target opportunities where they can take an active role in the business and co-operate with management to help develop strategies both domestically and abroad. Their approach to investing enables them to leverage their long term relationships with strategic partners and portfolio companies to source and manage deals. These relationships, together with their strong intermediary network allow them to maintain a close pulse to business activities in the region.

BlackPine

MS Amlin is a leading global specialty commercial insurer and reinsurer with operations in the Lloyd's, UK, Continental European and Bermudian markets.   Comprising Mitsui Sumitomo's London and Bermuda-based operations and the historic Amlin businesses, MS Amlin specialises in providing insurance cover for a wide range of risks to commercial enterprises and reinsurance protection to other insurers around the world.  It is wholly owned and fully supported by the financial strength and scale of MS&AD of Japan, the eighth largest non-life insurer in the world.

MS Amlin

Integra Partners caters to the financial services industry with capital, advisory service, and opportunities to connect with investors. Integra Partners was founded by Christiaan Kaptein and Jinesh Patel in July 2015. It is based in Singapore.

Integra Partners

This foundation supports causes that provide aid to alleviate suffering.  In particular, we focus on action in philanthropy which helps address: 1. Aging in place 2. Allergies - raising awareness, education for service providers and providing  solutions for sufferers 3. Aid for those in the path of adversity - providing emergency preparedness and disaster prevention

Capikris Foundation

Envelop Risk

Envelop Risk Analytics is a cyber insurance specialists, combining insurance expertise with artificial intelligence-driven cyber risk modeling.

Bristol-based Envelop Risk offers AI-based underwriting and cyber risk modeling services for insurers to price cyber insurance policies. Cyber-tooth, the company’s proprietary machine learning model can assess over 2,000 attributes for each company and has a database of more than 3 million insurance policies to use as a reference for assessing losses. The model can provide insurers with assessments of factors such as occurrence probabilities, loss tables, and value at risk.

The latest line of defense against rising cyber attacks

Cyber Insurance

Allianz-backed Coalition and Envelop Risk for cyber reinsurance | The Insurer posted on the topic

Bristol-based Envelop Risk offers AI-based underwriting and cyber risk modeling services for insurers to price cyber insurance policies. Cyber-tooth, the company’s proprietary machine learning model can assess over 2,000 attributes for each company and has a database of more than 3 million insurance policies to use as a reference for assessing losses. The model can provide insurers with assessments of factors such as occurrence probabilities, loss tables, and value at risk.In combination with its underwriting technology, the company also provides cyber reinsurance capacity for insurers with a maximum limit of USD 50 million along with white-label solutions for insurers to build a cyber insurance product based on Envelop Risk’s underwriting technology.Key customers and partnershipsIn September 2023, Envelop <a href="https://sp-edge.com/updates/21855">announced a new partner program</a>, Cyber Partnership Platforms, to enable cyber insurance cedents to enter the reinsurance market. The company also announced a partnership with Lloyd’s of London reinsurer Apollo to launch a special purpose arrangement specializing in cyber reinsurance.Funding and financialsIn September 2021, Envelop Risk raised USD 130 million in Series B funding led by SoftBank Vision Fund 2. The company expects to use the funding to expand its underwriting operations in London and Bermuda along with growth into new markets globally and in products other than cyber insurance.

Corvus offers commercial cyber insurance policies to cover cyberattacks-related incidents such as business interruption, system failure, ransomware attacks, and even regulatory fines and penalties. It uses its proprietary “Corvus Scan” platform to analyze a company’s current cybersecurity posture to determine pricing and coverage options. As part of the policy issuing process, Corvus also provides a report with IT security recommendations and access to its dedicated response teams for proactive cyber risk management. This team also works with clients during the claims process.For policyholders, Corvus also provides a virtual Chief Information Security Officer (vCISO) offering—consultative sessions with Corvus’ in-house security teams—while helping them get concessionary rates on cybersecurity solutions from companies such as SentinelOne and Tetra Defence. The company also offers cyber reinsurance, technology errors and omissions (E&amp;O) insurance, and a specific policy for ocean cargo.In June 2023, Corvus introduced a <a href="https://sp-edge.com/updates/19678">cyber risk prevention platform</a>: Corvus Signal, and an incentive program encouraging policyholders to engage with the solution.Corvus Insurance <a href="https://sp-edge.com/updates/7543?industryIds=52">acquired the cyber underwriting platform Tarian Underwriting </a>from Beat Capital Partners in January 2022. Tarian Underwriting is an underwriter of cyber and technology insurance risks that creates tailored solutions and underwrites on behalf of a consortium of Lloyd’s syndicates. The acquisition will help Corvus to expand its international footprint across Europe, Africa, and Australia, and add global underwriting capability with access to Lloyd’s cyber insurance capacity.In November 2023, Corvus <a href="https://sp-edge.com/updates/23562">announced</a> it had entered into an agreement to be acquired by property and casualty insurance giant Travelers for ~USD 435 million.Key customers and partnershipsCorvus Insurance covers companies in industries such as healthcare, retail, financial institutions, manufacturing, and construction (earning up to USD 2 billion in gross revenue), offering them a coverage limit of up to USD 10 million.In July 2022, the company expanded its <a href="https://sp-edge.com/updates/11826">partnership program </a>with global specialty insurer and reinsurer, SiriusPoint, and program management solution provider, R&amp;Q Accredited.Funding and financialsCorvus Insurance received a strategic investment of <a href="https://sp-edge.com/updates/11826">USD 100 million </a>building upon the initial investment and multi-year underwriting capacity partnership announced in September 2021. The funds were utilized to develop its Smart Cyber Insurance solutions and target policyholders globally.In March 2021, the company raised USD 100 million in a Series C funding round led by Insight Partners at a valuation of USD 750 million. The company utilized the funds to develop its underwriting capabilities, product development, and go-to-market strategies. This Series C round was extended in May 2021 by another USD 15 million led by FinTLV and Aquiline Technology Growth (ATG).The company grew its gross written premium by 250% in 2020 and had an annual premium run rate of USD 120 million during January 2021. As of March 2021, the company had an average policy size of USD 9,000 annually and employed 140 staff.

Corvus Insurance

BitSight offers a data-driven security rating system for financial services, retail, manufacturing, telecom, and cyber insurance companies. BitSight’s risk rating system is backed by a company’s historical data as well as industry benchmarks. The platform collects data from over 260 billion cyber events daily from 120 data sources. In the areas of cyber insurance, it allows insurers to determine the rate of premiums while also enabling the continuous monitoring of security posture during the coverage period. BitSight also offers cyber risk modeling services, helping businesses financially quantify enterprise cyber risk.In September 2021, BitSight acquired VisibleRisk, a cyber risk rating startup created by the credit ratings agency Moody’s Corporation and the venture capital firm Team8. BitSight integrated VisibleRisk’s cyber risk assessment capability to enhance its Financial Quantification tool to better estimate the financial exposure of an organization to cyber risk. Following the acquisition, BitSight was to set up a Risk Solutions Division that focuses on cybersecurity insights for the board of directors and C-suite executives.In August 2022, the company <a href="https://sp-edge.com/updates/12196">acquired </a>the third-party risk management startup, ThirdPartyTrust. ThirdPartyTrust was integrated into BitSight’s existing TPRM solutions to deliver real-time insights throughout the entire third-party lifecycle and extended supply chain.Key customers and partnershipsBy July 2021, the company had analyzed the security ratings of over 27,000 companies. During that period, the company claimed that 50% of all cyber insurance policies underwritten globally were by its customers and 20% of governments worldwide use BitSight data for national security. Overall, the company had over 2,300 customers globally and an employee headcount of 500 as of September 2021.Bitsight announced an <a href="https://sp-edge.com/updates/17887">expanded partnership with Moody’s Analytics </a>in April 2023, providing analysts with enhanced insights, and making Bitsight’s analytics available through Moody’s BVD Orbis database. The firm also added a response function to its TPRM platform.Funding and financialsIn conjunction with the acquisition of VisibleRisk in September 2021, BitSight also secured USD 250 million in funding from Moody’s at a valuation of USD 2.4 billion. The company utilized the funds to pursue growth and further enhance its product offerings and capabilities.

BitSight

Embroker offers commercial insurance for startups, law firms, and other private companies. It covers incidents such as commercial crime, professional liabilities, and cyber insurance. Policies issued by Embroker are underwritten using data-driven models that it claims can reduce premiums for businesses by 20%.Embroker’s cyber insurance product helps companies cover against both first- and third-party financial losses resulting from cyberattacks. These include costs relating to data loss, recovery, business interruption, extortion, and fraud. Embroker also offers technological errors and omissions (E&amp;O) for technology companies. Policies issued by Embroker are backed by Clear Blue Specialty Insurance Company (reinsured by MunichRe) and as of December 2021, the company served over 20,000 users; counting companies such as Icebreaker Health, Pandia Health, Renew Energy Partners, JDJ Engineering among its clients.Key customers and partnershipsEmbroker <a href="https://sp-edge.com/updates/20434">announced partnerships </a>with cyber insurer Cowbell and password management platform Dashlane in July 2023. Cowbell’s admitted insurance product will be bundled with Embroker’s lawyer’s professional liability (LPL) offering, while Dashlane will be made available to Embroker customers at a discount.Funding and financialsDuring Q1 2021, the company surpassed USD 20 million in gross written premium and experienced a customer retention rate of 100%.The company raised USD 100 million in Series C funding in June 2021 led by FTV Capital. The company expected to use the funding to transition into a full-stack insurance carrier.

Embroker

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 <a href="https://sp-edge.com/updates/22471">announced</a> 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&amp;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 href="https://sp-edge.com/updates/18168">a holistic cyber risk solution</a> 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 financialsThe company’s last funding round was in September 2019 where it raised USD 37 million led by Lightspeed Venture Partners and Founders Fund.

Resilience

CyberCube offers a SaaS platform for insurers, reinsurers, and brokers to carry out risk modeling on potential clients, based on multiple information sources and data from over 1,000 points of failure. This facilitates underwriting decisions along with risk monitoring and stress testing to monitor ongoing portfolio risk. CyberCube also has a consultancy service line, helping insurers with bespoke underwriting assignments and other areas like strategic development and project management. The company also offers value-added services such as concierge services (to offer domain insights to clients) and staff training resources. The company launched three cyber-specific scenarios for Lloyd’s of London in January 2022. The three scenarios, including a cyber power outage, a widespread malware event, and a cloud outage event, were expected to be used as part of Lloyd’s of London’s annual Realistic Disaster Scenarios (RDS) exercise. Lloyd’s of London’s managing agents and syndicates can stress-test their risk portfolios against these scenarios and generate the necessary information on losses for Lloyd’s of London. CyberCube models can also be used in data gathering exercises for cyber-specific RDS.CyberCube’s team comprises cybersecurity, actuarial modeling, insurance, data science, and artificial intelligence professionals.In December 2023, the company launched marginal risk analysis capabilities as part of a new release of its account manager SaaS solution, leveraging catastrophe loss modeling to quantify the impact of a single account on an underwriter’s entire portfolio.Key customers and partnershipsThe company serves insurers and reinsurers across the US and Europe, counting companies such as Munich Re, Chubb, Guy Carpenter, Relm Insurance, Elpha Secure, Kapnick, and Converge Insurance among its clients.CyberCube partnered with Aviva in April 2023 to help the incumbent insurer grow its cyber book sustainably by incorporating risk modeling into its underwriting process.Funding and financialsIn December 2022, the company <a href="https://sp-edge.com/updates/15419">raised USD 50 million </a>in additional growth capital funding led by Morgan Stanley Tactical Value. The funds were utilized to accelerate the commercial development of its products and fuel its go-to-market expansion in the global insurance, reinsurance, and broking industry.

CyberCube

Provides cyber insurance as a core product, often bundled with cybersecurity solutions and a team that assists in detection and response

Provides commercial property and casualty insurance products with cyber insurance as an additional product offering

Provides solutions for insurers/brokers to obtain an overview of security health and risk exposure for potential and existing clients

Provides solutions for insurers that use AI-based approaches and predictive models to quantify the financial impact of cyber risks

Platforms under some segments are offered under a B2B SaaS model

Uses AI/ML for making underwriting decisions and claims processing

Envelop Risk has launched the Cyber Partnership Platforms, a partner program that aims to help cedents enter or expand their participation in the cyber reinsurance market. The program provides access to Envelop's underwriting, insights, and analytics, allowing partners to write customizable cyber insurance policies with A-rated reinsurance capacity. Partners will also receive claims and incident response support, treaty structuring, pricing and underwriting tools, and advisory services. In addition, Envelop has partnered with Lloyd's reinsurer, Apollo, to launch a cyber reinsurance special purpose arrangement from January 2024. This comes amid increasing capacity requirements in the cyber insurance market due to rising threat activity.

Envelop Risk

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