Insiber raises €100,000 as its helps SMEs with cybersecurity risks

Insiber raises €100,000 as its helps SMEs with cybersecurity risks

Insiber, which is focused on helping SMEs with their cybersecurity risks, has reportedly collected €100,000 in funding.

The capital was supplied by Singaporean venture capital fund Antler, according to a report from Tech Razzle.

Insiber was founded by Guido van Nispen and Vitaly Shtyrkin, who met during Antler’s residency in 2022. The duo wanted to create a solution to help SMEs easily interact with cyber insurance and cybersecurity tools.

Since that initial idea, Insiber has established itself as a one-stop platform for cybersecurity and cyber insurance.

Its website offers a free test to provide organisations with a clear assessment of risks and provides them with actionable steps to become secure and insured.

The company operates across three main products. The first is its educator, which helped teams better understand their risks and how to improve. Its second product is the analyser, which aims to breakdown the complexity of cybersecurity and cyber insurance. The final product is the navigator, which helps teams keep up with their risk management and insurance policies.

Antler partner Youri Doeleman told Tech Razzle, “SMEs, even if they are individually less complex than a large corporation, exist in enormous diversity and therefore cannot be served by one size fits all across all solutions. The Insiber team understands that, therefore, you need flexibility and customizable solutions to serve this market.

“Given the magnitude of cyber risk combined with underinsurance in the SME segment, the market needs to mature quickly. Insiber’s cyber resilience platform brings rapid scalability by bringing together relevant security providers and insurers without having to build and maintain every solution in-house.”

Fellow cyber insurance company SecondSight recently exited stealth, following the close of its $3m seed round. It offers an AI-driven platform that brings telematics to digital risk, it claims. Its platform gives companies a full picture of their online threats.

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