SecondSight

SecondSight provides an AI-driven cyber insurance platform that continuously discovers, classifies, and analyzes an organization’s threat landscape, quantifies risk severity based on an organization’s digital assets and liabilities across thousands of risk factors, and calculates business costs that would be incurred if a digital asset was compromised. The company’s AI-driven cyber insurance platform facilitates “inside-out” cyber insurance underwriting.

The company provides automated vulnerability and threat detection assessment to identify attack-surface vulnerabilities. It also provides cybersecurity features such as multi-factor authentication, cyber awareness training, incident response, and endpoint detection.

SecondSight offers its platform under a SaaS subscription model for up to USD 499 per year.

Key customers and partnerships

SecondSight is used by several carriers and managing general agents, and it expected to partner with the largest cyber insurance wholesale broker in North America. The company serves brokers including USI and INSUREtrust.

Funding and financials

In October 2022, the company raised USD 3 million in an oversubscribed seed round led by Tim Crown (co-founder of Insight Enterprises). This announcement also marked the company’s emergence from stealth. The funds were utilized to accelerate its go-to-market efforts in the cyber insurance sector.