Cyber risk management start-up Zeguro has raised $5m in a Seed-stage funding round led by Mosaik Partners.
Zeguro provides cyber risk management, SaaS and cyber insurance services for SMEs. The company’s cyber safety platform offers continuous monitoring, training resources and compliance assistance. Zeguro’s cyber insurance service, provides coverage up to $10m and instant approval up to $5m. The San Francisco-based business also has additional operations in the UK.
Zeguro’s cyber saftey platform is set to undergo a general release on November 5 this year.
Zeguro CEO Sidd Gavirneni added, “The risk of cyber threats continues to grow with small and midsize companies as prime targets.
“With this round of funding, we will launch our SaaS platform that helps these companies continually monitor their risks, train employees, and quickly recover from cyber attacks.”
Mosaik was joined in the round by Healthy Ventures, Munich Re/HSB Ventures, QBE Ventures, Social Capital, Plug and Play, and Sparkland Capital.
Mosaik partner Miles Kilburn said, “We could not be more excited to partner with Sidd and his team at Zeguro. Their virtual cybersecurity officer provides the missing link for small and midsize companies to confidently and efficiently analyze, secure and insure against ever changing cyber risks.”
This latest deal further reflects the growing amount of capital being committed to the cyber security sector.
Earlier this year, Israeli cybersecurity venture incubator Team8 raised $85m in new financing to build a number of cybersecurity and data business.
In October artificial intelligence powered cybersecurity startup, Cyr3con raised $1.5M in seed funding.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
