Kynd, a London, UK-based provider of cyber risk management solutions, raised an undisclosed amount in funding.
The round saw participation from Verisk and BGF.
The company intends to use the funds to further support its global growth plans, as well as continuing to develop cyber risk technology.
Founded in 2018 by Andy Thomas and Melanie Hayes, Kynd has developed a cyber risk monitoring platform designed to deliver instantaneous and continuous insights into the cyber risk profile of any organisation. Offering actionable, and transparent cyber risk intelligence it supports informed and rapid decision- making across the cyber eco system.
Kynd’s solutions are used by insurers and brokers, such as Beazley, Howden, and Alliant, and private equity firms such as Phoenix Equity Partners. The company has also expanded into the US with a dedicated team now based in Austin, Texas.
Commenting on the news, Andy Thomas said: “The threat of cybercrime is rising; attacks are now a question of “when” not “if” and the risk of these occurring has knock-on effects across the broader landscape. At KYND, we are committed to creating best-in-class, efficient and insight- rich tools that not only remove complexity & jargon, making cyber risks easy to identify, monitor and remediate but also enable rapid decision making in this dynamic ecosystem. We are excited to continue working with BGF and look forward to welcoming the Verisk team as we execute on our ambitious growth plans.”
FinSMEs
16/02/2024