CyberCube, a cyber risk firm, grabs $50m in growth capital from investment funds managed by Morgan Stanley.
Firms like Forgepoint Capital, MTech Capital, Hudson Structured Capital Management and others participated too. Therefore, CyberCube gas grossed above $100mn.
The firm will give access to the permission and allow insurers and brokers to understand their portfolios and their exposure to cyber threats. It will help it’s clients to shield themselves with ongoing cyber risks by it’s products.
It will have features like broking manager for brokers advise their clients on risk transfer, a scenario-based catastrophe model.
This will nurture and empower portfolio-level insights for senior leadership decision-making and account manager that gives insurance underwriters a unique view of each risk they assess with actionable insights to match with one of the best data driven software in the market race.CyberCube CEO Pascal Millaire, on an interview regarding this funding said, “This is an exciting milestone in our mission to empower modern industry and society with world-leading cyber risk analytics so everyone can make better decisions.
