We are very excited to announce our latest investment in San Francisco-based CyberCube. MTech Capital participated in the company’s $40M Series B financing alongside Hudson Structured, ForgePoint Capital, and Stone Point Capital.
CyberCube offers a cloud-based suite of cyber risk modelling and underwriting applications to the insurance industry, enabling both portfolio-wide and individual account risk assessment. The company sells to primary insurers, re-insurers, and re-insurance brokers, all of whom require advanced technology tools to appropriately measure their exposure to cyber catastrophes and underwrite individual policies.
Our decision to invest was driven by CyberCube’s high-quality management team led by Pascal Millaire. Pascal has assembled an exceptional team with expertise in both cybersecurity and insurance. We were also impressed by the company’s early success in signing-up world class insurers and reinsurers as customers. MTech will join CyberCube’s board as an observer.
I’m delighted that MTech has the opportunity to invest in CyberCube. We are looking forward to working with Pascal and the rest of the board to support the company’s expansion.
I’m excited to announce that venture capitalist MTech Capital and individuals from Stone Point Capital have invested in CyberCube, which augments our previously announced Series B