Arceo.ai, a San Francisco, CA-based provider of an end-to-end cyber risk analytics and insurance platform, secured $37m in funding.
The round was led by Lightspeed Venture Partners and Founders Fund with participation from CRV and UL Ventures. In addition, Hemant Shah, founder and former CEO of RMS, a catastrophe risk modeling company, joined Arceo’s Board of Directors.
The company intends to use the funds to continue to expand operations.
Founded in 2016 by Vishaal Hariprasad, CEO, Arceo.ai provides a cyber risk analytics and insurance platform that enables insurers and brokers to assess, underwrite, and manage cyber risks using AI for advanced and dynamic risk assessment.
The company also has offices in Chicago, Baltimore, and New York.