Sayata Labs, a Tel Aviv, Israel-based enterprise-grade risk assessment solution for SMBs, emerged from stealth with $6.5m in seed funding.
The round was led by Elron.
The company intends to use the funds to accelerate global operations in the cyber insurance market.
Led by Asaf Lifshitz, Co-Founder and CEO, Sayata uses advanced cybersecurity and data science expertise to provide insurers with the ability to quickly and accurately assess cyber risk, as well as provide existing and potential insureds with actionable mitigation recommendations that improve their cyber risk posture.
The company is already partnering with AXA, a global insurance leader, to enhance the firms’ cyber risk capabilities.