CyberCube Analytics, a San Francisco, CA-based cyber risk analytics company for the insurance industry, raised $35m in Series B funding.
The round was led by HSCM Bermuda and ForgePoint Capital. In conjunction with the funding, Michael Millette, Founder and Managing Partner at HSCM Bermuda, will join CyberCube’s Board of Directors.
The company intends to use the funds to continue to expand its cyber data and analytics platform as well as its go-to- market efforts beyond globally leading insurance institutions to regional and national insurance institutions.
Led by Pascal Millaire, CEO, CyberCube delivers software-as-a-service for cyber aggregation modeling and individual risk underwriting to insurance and reinsurance entities to enable data- driven decisions on cyber catastrophe management, capital allocation, and individual risk underwriting.
The company’s enterprise intelligence layer provides insights on millions of companies globally and includes modeling on over one thousand single points of technology failure.