CyberCube is a company.
CyberCube has raised $90.0M across 2 funding rounds.
Key people at CyberCube.
CyberCube has raised $90.0M in total across 2 funding rounds.
Key people at CyberCube.
CyberCube has raised $90.0M in total across 2 funding rounds.
CyberCube's investors include 83North, Forgepoint Capital.
# CyberCube: High-Level Overview
CyberCube is a SaaS-based cyber risk analytics platform that quantifies cyber risk in financial terms for the insurance industry[3]. The company develops advanced analytics and modeling tools designed to help insurers, reinsurers, and brokers make data-driven decisions about cyber risk underwriting, placement, and portfolio management[2]. CyberCube serves a critical market need: translating complex cyber threats into measurable financial impact, enabling the insurance ecosystem to price and manage cyber risk with unprecedented precision[3].
The company has achieved remarkable market penetration, serving approximately 75% of the top 40 European and US cyber insurance carriers, 70% of the top ten reinsurance brokers, and 50% of the top 20 reinsurance carriers[3]. With over 100 clients globally and offices across San Francisco, Chicago, New York, London, and Tallinn, CyberCube has positioned itself as the dominant analytics provider for the cyber insurance market[2][4].
CyberCube's roots trace back to 2015, when it began as a division within Symantec, the global cybersecurity leader[3]. Under the leadership of Pascal Millaire as General Manager, the team developed and validated SaaS products specifically designed for the cyber insurance industry[3]. In 2018, CyberCube launched as a standalone, independent venture-backed company, opening offices in San Francisco and London with Series A funding from Forgepoint Capital, a cybersecurity-focused venture capital firm[3].
The timing of this spin-off proved strategic. In 2015, pricing cyber risk was largely a guessing game[5]. Over the subsequent years, as cyber insurance evolved from a niche specialty line into a global market, CyberCube transformed alongside it—growing from a small San Francisco startup serving a handful of clients into a global market leader[4]. The company's recent $180 million capital raise reflects investor confidence in its long-term potential and market leadership[4].
CyberCube operates at the intersection of three powerful trends: the explosive growth of cyber insurance as a critical risk transfer mechanism, the increasing sophistication of cyber threats, and the insurance industry's digital transformation. As cyber incidents have become more frequent and costly, cyber insurance has evolved from a niche product into a mainstream necessity for organizations worldwide[4]. This expansion has created urgent demand for better risk quantification tools.
The company's influence extends beyond insurance into the broader cybersecurity ecosystem. CyberCube's analytics now inform not just underwriting decisions but also cybersecurity strategy itself—the company has noted that cyber insurance analytics can teach the cybersecurity industry about loss drivers, probability, and severity[5]. By aggregating and analyzing data across thousands of organizations, CyberCube generates insights that benefit the entire industry's understanding of cyber risk.
CyberCube is well-positioned for sustained growth as cyber insurance matures and becomes increasingly sophisticated. The company's recent organizational restructuring and $180 million capital raise signal management's commitment to long-term expansion, with particular emphasis on accelerating innovation in data and analytics[4]. As the cyber threat landscape continues to evolve—evidenced by emerging threat actors like Scattered Spider targeting specific sectors—demand for CyberCube's threat intelligence and risk modeling will likely intensify[6].
The company's trajectory suggests it will deepen its role as the analytical backbone of the cyber insurance industry through the 2030s and beyond, potentially expanding its influence into adjacent areas like cyber risk consulting and strategic risk management[1][4]. In a world where cyber risk has become a boardroom priority and a material financial concern, CyberCube's mission to translate threat into financial clarity has never been more relevant.
CyberCube has raised $90.0M across 2 funding rounds. Most recently, it raised $50.0M Series C in December 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2022 | $50.0M Series C | 83North, Forgepoint Capital | |
| Mar 1, 2020 | $40.0M Series B | 83North, Forgepoint Capital |
