Trava, an Indianapolis, IN-baserd integrated cyber risk management and insurance platform, closed a $3.5m seed funding round.
The round was led by TDF Ventures with participation from High Alpha Capital and M25.
The company plans to use the new funding to invest in data science and machine learning expertise to accelerate development of its insurance analytics platform.
Led by Co-Founder and Chief Executive Jim Goldman, former VP of security governance, risk management, and compliance at Salesforce with over 30 years of experience in cyber security and risk management, Trava provides a platform to protect small- and medium-sized businesses from the potential damage of cyber threats. By integrating assessment, mitigation, and insurance into a cyber risk management platform, the system enables business owners and IT professionals to operate secure, productive businesses without fear of interruption or loss caused by cyber incidents.
Alongside a network of IT MSP, MSSP, and insurance channel partners, Trava works with customers to assess existing vulnerabilities and cyber maturity, then helps them develop and implement cyber risk management and transfer programs to meet vendor review requirements.