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Product updates
Funding
SecondSight raises USD 3 million in seed funding; launches an AI-powered cyber insurance platform
Cyber Insurance
Oct 12, 2022
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Cyber Insurance

Cyber Insurance

Oct 12, 2022

SecondSight raises USD 3 million in seed funding; launches an AI-powered cyber insurance platform

Product updates
Funding

  • SecondSight, an AI-driven cyber insurance startup, has raised USD 3 million in an oversubscribed seed round led by Tim Crown (co-founder of Insight Enterprises) with participation from Indiana Ventures, Cook Ventures, and Flywheel Fund among other investors.

  • This announcement also marks the company’s emergence from stealth. In addition to this, the company launched an AI-driven cyber insurance platform that facilitates “inside-out” underwriting.

  • The funds will be utilized to accelerate its go-to-market efforts in the cyber insurance sector.

  • Founded in 2019, SecondSight provides an autonomous 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. SecondSight is used by several carriers and managing general agents (MGAs) and it expects to partner with the largest cyber insurance wholesale broker in North America.

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