A sample of companies operating within the cyber risk quantification sector has been provided herein purely for reference and no recommendation is made, nor information is given that is not within the public domain and freely available.
Similarly, the information provided on funding at the lower section of this page is provided as illustrative and makes no comment or assert that the information is current. Indeed, with some companies failing or exiting the sector through acquisition, the information demonstrates how start-ups are funded as a means of initiation, followed by a growth strategy and an exit as part of the venture capital/private equity operating model.
Quantar Solutions Limited has not sought external venture capital or private equity funding due to the ethos of seeking the correct solution to the cyber risk quantification problem, rather than receiving funding with the intention of exiting through a trade sale at a future date with a rapid revenue growth objective derived through the funder. All of Quantar’s research, software and systems development has been funded through revenues arising from cyber risk and regulatory compliance consulting and from programme management fees from major re/insurance companies across Europe.
| Company | Core Focus | URL | |
|---|---|---|---|
| Cybercube | Cyber risk analysis and portfolio risk/security using symantec platform | https://www.cybcube.com/ | San Francisco, CA |
| Corax (Liquidated) | Cyber underwriting analytics using ML predictive modelling | https://www.coraxcyber.com/how-it-works/ | London, UK |
| Pivotpoint Risk Analytics | Financial impact valuation using bayesian modelling of data | https://www.cyberpointllc.com/cyvar.php | Baltimore, MD |
| Guidewire/Cyence | Measuring financial impact of cyber through data analytics | https://www.guidewire.com/products/cyence | Foster City, CA |
| Paladin Cyber | Risk assessment and insurance coverage bundled | https://www.meetpaladin.com/protection-suite | San Francisco, CA |
| Risk Lens | Cyber risk financial quantification and mitigation measurement | https://www.risklens.com/cyber-risk-quantification | Spokane, WA |
| Bay Dynamics | Cyber value at risk/ behavioural analytics for security assessment | Now Broadcom – Risk Fabric a Legacy Product | New York, NY |
| De Nexus | Cyber resilience delivered from the cloud for the industrial enterprise, (re)insurance providers, and ILS investors. | https://www.denexus.io/ | Sausalito, California |
| Carpe Data | Data acquisition and mining for risk assessment/predictive scoring | https://carpe.io/products/commercial/measure-predict/ | Santa Barbara, CA |
| Coalition | Cyber security/insurance bundling for SME’s | https://www.coalitioninc.com/data-platform | San Francisco, CA |
| At Bay | Cyber security/insurance bundling for SME’s | https://www.at-bay.com/offering.html | Mountain View, CA |
| Finjan Cybersecurity | Uses Risklens/Holds patent portfolio for licensing | https://www.finjan.com/about/our-cybersecurity-business | Palo Alto, CA |
| Cyberwrite | Cyber insurance underwriting technology/aggregation | https://cyberwrite.com/technology/ | Israel (Operating in San Francisco, CA) |
| Metricstream | Regulatory compliance/GRC risk assessment | https://www.metricstream.com/products/cyber-grc.htm | Palo Alto, CA |
| Bitsight | Security assessment and rating platform for underwriting | https://www.bitsight.com/uses/cyber-insurance | Cambridge, MA |
| Threat Informer | Automated risk assessment plaform for underwriting | https://www.cfcunderwriting.com/en-gb/resources/news/2020/01/cfc-acquires-insuretech-threatinformer/ | London, UK |
| Security Scorecard | Security assessment and scoring for cyber insurance | https://securityscorecard.com/solutions/insurance | New York, NY |
| QuanTemplate | Data Analytics for Reinsurance | https://www.quantemplate.com/product | Gibraltar |
| Dream Quark | AI for relationship mapping for underwriting | https://www.dreamquark.com/ | Paris, France |
| Insurity/Valen | Data aggregation and analytics | https://www.insurity.com/solutions/insurity-data-analytics-solutions/ | Hartford, CT |
| AnalyzeRe | Data and cat modelling for reinsurance | https://analyzere.com/solutions/real-time-analytics/ | Halifax, Canada |
| Envelop Cyber | AI Cyber risk modelling | https://www.enveloprisk.com/ | London, UK |
| Cyber Risk Analytics | Pre-breach Data Analytics Ratings | https://www.cyberriskanalytics.com/#platform | Richmond, VA |
| Redseal | Analysis in network infrastructure and risk scoring | https://www.redseal.net/solutions/cyber-insurance/underwriters/ | Sunnyvale, CA |
| Kenna Security | Security risk scoring and predictive analytics | https://www.kennasecurity.com/the-science-behind-kenna/ | San Francisco, CA |
| Verisk Analytics | Insurance risk analytics using multiple sources of data | https://www.verisk.com/insurance/insights/emerging-risks/cyber-risk/ | Jersey City, NJ |
No representations are made as to the accuracy or current status of the data in this table. The information is provided from publicly available data from multiple sources online.
| COMPANY | INVESTMENT | ||
| 1 | Trident Capital (Forgepoint) | https://forgepointcap.com/companies/ | CyberCube |
| 2 | Symantec Ventures | https://www.symantec.com/theme/symantec-ventures | CyberCube |
| 3 | New Enterpise Associates | https://www.nea.com/ SWANATAHN now left NEA) | Cyence/Guidewire |
| 4 | Institutional Venture Partners | https://www.ivp.com/ | Cyence/Guidewire |
| 5 | Dowling Capital Partners | https://www.dowling.com/about-us/our-affiliates | Cyence/Guidewire |
| 6 | Aquiline Technology Growth | https://www.atgvc.com/ | Carpe Data |
| 7 | Dell Technologies Capital / Paladin Capital Group/ Osage Venture Partners | https://www.delltechnologies.com/en-us/capital.htm | Risklens |
| 8 | Paladin Capital | https://www.paladincapgroup.com/ | Paladin Cyber |
| 9 | Finjan Holdings | https://www.finjan.com/ | Finjan Cyber |
| 10 | Cylon | N/A – Incubator London (need the actual inveestors names) | Threat Informer |
| 11 | Lightspeed Ventures | https://lsvp.com/ | At Bay |
| 12 | SixThirty Ventures | https://sixthirty.co/ | Arx Nimbus |
| 13 | LocalglobeVC | https://localglobe.vc/ | At Bay |
| 14 | Warburg Pincus | https://www.warburgpincus.com/ | Bitsight Technologies |
| 15 | Menlo Ventures | https://www.menlovc.com/ | Bitsight Technologies |
| 16 | GGV Capital | https://www.ggvc.com/ | Bitsight Technologies |
| 17 | Singtel Innov8 | http://innov8.singtel.com/ | Bitsight Technologies |
| 18 | ClearSky | http://www.clear-sky.com/ | Preempt |
| 19 | Blackstone | https://www.blackstone.com/ | Preempt |
| 20 | Intel Capital | http://www.intelcapital.com/ | Preempt |
| 21 | General Catalyst | https://www.generalcatalyst.com/ | Preempt |
| 22 | Tola Capital. | https://www.tolacapital.com/ | InSights Cyber Intelligence |
| 23 | Norwest Venture Partners | https://www.nvp.com/ | Agari |
| 24 | Scale Venture Partners | https://www.scalevp.com/ | Agari |
| 25 | Battery Ventures | https://www.battery.com/ | Agari |
| 26 | Greylock Partners | https://www.greylock.com/ | Agari |
| 27 | First Round Capital | https://firstround.com/ | Agari |
| 28 | Alloy Ventures | http://www.alloyventures.com/ | Agari |
| 29 | Balderton Capital (London) | https://www.balderton.com/ | Tessian |
| 30 | Accel Partners | https://www.accel.com/ | Tessian |
| 31 | Insight Venture Partners | https://www.insightpartners.com/ | Recorded Future |
| 32 | CVC Capital Partners | http://www.cvc.com/ | Skybox Security |
| 33 | Pantheon | https://www.pantheon.com/ | Skybox Security |
| 34 | Nokia Growth Partners | https://www.ngpcap.com/ | SecurityScorecard |
| 35 | Spring Mountain Capital | https://springmountaincapital.com/ | Prevalent Networks |
| 36 | Fulcrum Equity Partners | https://www.fulcrumep.com/ | Prevalent Networks |
| 37 | Insight Venture Partners | https://www.insightpartners.com/ | Prevalent Networks |
| 38 | Sutter Hill Ventures | https://www.shv.com/ | Redseal |
| 39 | Leapfrong Ventures | https://leapfrog-ventures.com/en/ | Redseal |
| 40 | Icon Ventures | https://iconventures.com/ | Redseal/Fireeye |
| 41 | Sequoia Capital | https://www.sequoiacap.com/ | SecurityScorecard |
| 42 | Evolution Equity Partners | https://evolutionequity.com/ | SecurityScorecard |
| 43 | BOLDstart Ventures | https://www.boldstart.vc/ | SecurityScorecard |
| 44 | Comcast Ventures | https://www.comcastventures.com/ | Bay Dynamics |
| 45 | Carrick Capital Partners | https://www.carrickcapitalpartners.com/ | Bay Dynamics |
| 46 | Valar Ventures, Starfish Ventures | https://valar.com/ | UpGuard |
| 47 | Square Peg Capital | https://www.squarepegcap.com/ | UpGuard |
| 48 | Paladin Capital Group | https://www.paladincapgroup.com/ | RiskSense |
| 49 | Epic Ventures | http://www.epicvc.com/ | RiskSense |
| 50 | C5 Capital | https://www.c5capital.com/ | IronNet Cyber Security |
| 51 | Thoma Bravo | https://www.thomabravo.com/companies | Riskonnect |
Other Funding Data & SEC Filings Relating to Funding
| RANKING | COMPANY | INCORPORATED | FUNDING ROUND | Amount | SUPPLIER |
| V HIGH | Bay Dynamics (Acquired by Broadcom) | 2014 | Series A 2014 | $8,025,000 | Comcast Ventures |
| Series B 2016 | $23 Mln | Carrick Capital Partners | |||
| Estimated $13.7 Mln annual revenue | |||||
| V HIGH | Nehemia Security | 2015 | Acquired Triumfant 2016 | Triumfant Funded to $11,853,889 | |
| Acquired Siege Technologies 2016 | Undisclosed/Estimated $4 Mln (Product: Eprouvette: Threat Quantification) | ||||
| Previously Moreover Technologies | $30 Mln | Sold to Verisgn + Sold to PE Group + Sold to Lexis Nexis | |||
| V HIGH | Risklens | 2018 (Formerly CXOWare Inc) | Series A 2017 | $5,159,700 | Ossage Venture Partners + Paladin Capital + Dell Technologies |
| Risklens | Series B 2019 | $20,551,002 | Paladin Capital + Ossage + Dell + F Prime Capital | ||
| Risklens | Series A 2015 | $600000 | |||
| Risklens | Series A 2015 | $1 Mln | |||
| V HIGH | RSA Archer (Dell Technologies) | Part of EMC Acquisition | N/A | N/A | RSA Security Revenues 2015: $564 Mln. 54% US: $304 Mln |
| V HIGH | Secure Systems Innovation Corp SSIC | 2013 | |||
| V HIGH | Unisys READ IN CONJUNCTION WITH SSIC (uses SSIC as core of Unisys TrustCheck) | N/A | N/A | ||
| HIGH | Cybercube | 2018 | Easrly Stage Series A | $15 Mln | Symantec Ventures + Forgepoint Capital |
| HIGH | Corax Cyber | 2013 | Seed May 2015 | $900K | Angel |
| Corax Cyber | Seed December 2015 | $1.6 Mln | Angel | ||
| Corax Cyber | Seed September 2016 | $900K | Angel | ||
| Corax Cyber | Seed May 2017 | $1.8 Mln | Angel | ||
| HIGH | Arx Nimbus | 2016 | Seed November 2018 | $100000 | Six Thirty Cyber |
| HIGH | Six Thirty Cyber (backers of Arx Nimbus) | ||||
| HIGH | Cytegic (Israeil; Operates US Entity) | 2012 | Angel Round 2015 | $9.4 | Angel Investor |
| HIGH | Converged Security Solutions (note: uses RiskLens Product) | 2018 (Merger of Evolver & eVigilant) | Private Equity Round | $5-18 Mln | Tecum Capital Partners (subordinated debt and equity via BMO Harris Bank) |
| HIGH | Guidewire Cyence | 2001 | Series A 2016 | $40 Mln | IVP + NEA + Dowling Capital Partners |
| Acquired by Guidewire 2018 | $275 Mln | Guidewire | |||
| Cyence Annual subscription revenue 2017 $8.1 Mln | |||||
| HIGH | Pericertum (note uses Arx Nimbus Product) | ||||
| HIGH | PivotPoint Risk Analytics | ||||
| HIGH | Resolver (acquired Wynyard Methodware product 2018) | 2000 | Series C | $16.2 Mln | Secondary Market |
| Series C | $20 mln | Klass Capital via LBO | |||
| HIGH | Risksense | 2015 | Series A 2016 | $7 Mln | Paladin Capital Group |
| Series A 2017 | $7 Mln | Paladin Capital Group | |||
| Series B 2018 | $12 Mln | Spring Mountain Capital + NightDragon Security | |||
| MEDIUM | Avaluation | ||||
| MEDIUM | Axio | ||||
| MEDIUM | Balbix | ||||
| MEDIUM | Cyberwrite | ||||
| MEDIUM | IBM | ||||
| MEDIUM | SAP | ||||
| MEDIUM | Software AG | ||||
| MEDIUM | Verisk | ||||
| MEDIUM | Vivo Security | ||||
| MEDIUM | Willis Towers Watson | ||||
| LOW | Neo Prime |
SEC FILINGS
| TOTAL | ||||||||
| RISKLENS | $25,901,002 | |||||||
| Date | Filing Type | Offered | Sold | Remaining | Min. investment | Invest. count | Exemption / Exlusions | |
| 09/04/2019 | New Form D | $20,551,002 | $20,551,002 | 0 | $0 | 5 | 06b | [SEC Filing] |
| 25/05/2017 | New Form D | $5,159,700 | $3,750,000 | $1,409,700 | $0 | 6 | 06b | [SEC Filing] |
| 10/07/2015 | New Form D | $1,000,000 | $1,000,000 | 0 | $0 | 1 | 06b | [SEC Filing] |
| 10/07/2015 | New Form D | $600,000 | $600,000 | 0 | $0 | 2 | 06b | [SEC Filing] |
| ARX NIMBUS | $100 000 | |||||||
| Date | Filing Type | Offered | Sold | Remaining | Min. investment | Invest. count | Exemption / Exlusions | |
| 19/10/2018 | New Form D | Indefinite | Yet To Sell | Indefinite | $100,000 | 0 | 06c | [SEC Filing] |
| CORAX CYBER | $7,365,000 | |||||||
| Date | Filing Type | Offered | Sold | Remaining | Min. investment | Invest. count | Exemption / Exlusions | |
| 26/03/2019 | New Form D | $2,000,000 | $2,000,000 | 0 | $0 | 5 | 06b | [SEC Filing] |
| 08/08/2018 | Amended Form D | $2,665,000 | $2,665,000 | 0 | $50,000 | 30 | 06b | [SEC Filing] |
| 12/02/2018 | New Form D | $1,800,000 | $950,000 | $850,000 | $50,000 | 8 | 06b | [SEC Filing] |
| 06/07/2017 | New Form D | $1,200,000 | $950,000 | $250,000 | $50,000 | 8 | 06b | [SEC Filing] |
| 06/07/2017 | New Form D | $2,000,000 | $1,750,000 | $250,000 | $50,000 | 12 | 06b | [SEC Filing] |
| BAY DYNAMICS | $31,025,000 | |||||||
| Date | Filing Type | Offered | Sold | Remaining | Min. investment | Invest. count | Exemption / Exlusions | |
| 13/07/2016 | New Form D | $23,000,000 | $23,000,000 | 0 | $0 | 4 | 06b | [SEC Filing] |
| 22/07/2014 | New Form D | $8,025,000 | $8,025,000 | 0 | $0 | 2 | 06b | [SEC Filing] |