Intact Ventures, helped the UL-backed cybersecurity and insurance provider raise series C capital as it eyes international expansion.
US-based cyber insurance provider Resilience has secured $80m in series C funding from investors including Intact Ventures, the venture capital subsidiary of property and casualty insurance firm Intact Financial.
Venture capital firm General Catalyst also co-led the round with Corey Thomas, CEO of cybersecurity software provider Rapid7, while Lightspeed Venture Partners, CRV, Founders Fund and Shield Capital also participated
Founded in 2016 as Arceo.ai, Resilience offers mid-market companies insurance against cyber threats like ransomware attacks and also provides cybersecurity solutions themselves through an ‘insure + secure’ approach.
Proceeds from the round will be used to accelerate the rollout of the company’s product across North America and globally as it plans to expand further into the middle market.
Lightspeed Venture Partners and Founders Fund had previously co-led a funding round of undisclosed size in September 2019 that brought Resilience’s total funding to $37m, investing with safety and regulatory services provider…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
