The recent Series B funding round of Cyber insurance startup Coalition has raised $175 million from Index Ventures. This funding round will help the company add new insurance products and expand internationally. General Atlantic also participated in the round. In the past few months, we have seen a number of similar fundraising rounds for cybersecurity and insurance startups. Boston-based Corvus Insurance raised $100 million in a $750 million valuation, and Pleasanton, California-based Cowbell Cyber raised $20 million in Series A funding.
Insurance products
The company is leading a global cyber insurance and cybersecurity market, and has raised $175M from Index Ventures and General Atlantic. The investment will be used to fund its global expansion and new cyber insurance products. The company was founded in 2017 by John Hering and is headquartered in San Francisco. With this new funding, Coalition plans to build the digital insurance company of the future.
The company provides cyber insurance policies and cybersecurity software tools in the U.S. and Canada, which cost around $3,000 a year. In addition to its cyber insurance policies, the company provides free cybersecurity software tools and has a net written premium of over $240 million.
Aquant, a platform that leverages artificial intelligence to support customer service workers, has secured $70 million in series C funding. The investment will help the company continue its growth and advance its service intelligence technology. The round was led by Qumra Capital and Insight Partners and was also supported by Angular Ventures, Lightspeed Venture Partners, and Schneider Electric Ventures. The funding will be used to expand Aquant’s client services, go-to-market, and engineering teams.
Customer service tickets
Aquant uses AI to mine data from disparate sources and automatically determine how best to handle customer service issues. The software works by extracting insights from different data sources including customer service tickets, enterprise resource planning (ERP) software, and data silos. The system can extract insights from data gathered from millions of tickets and other sources, such as parts catalogs, inventory, and internet of things alerts.
The new fund will be used to invest in the company’s portfolio companies. The money will help these companies collaborate more with Index. The fund’s investment team will include 21 members. Of those, only one is a woman. Index will use the funds to build future funds and expand the company.
Index Ventures, founded in Switzerland in 1996, has been growing rapidly since it expanded to San Francisco and London in 2015. In the past year, the company has raised more than $1 billion for two new funds. One fund will invest in companies that are older, such as Sonos and Dropbox.
Invest in companies
Index Ventures has raised $1.7 billion to invest in two new funds. The new funds will invest in startups at different stages. The first fund is $800 million for Series A and B companies, while the second fund will invest in later-stage growth rounds. The new funds will also invest in companies that have the potential to become unicorns.
In addition to new funds, Index Ventures also raised a new fund for artificial intelligence companies. A recent investment from the firm will fund an artificial intelligence platform called MindSphere. This platform will use machine learning to create a personalized learning experience for its users. It will also help the company improve its customer support.
Index Ventures has expanded its presence in Silicon Valley with the creation of an office in San Francisco. In the past few months, it has backed several big-name companies, including Etsy, Flipboard, King, Skype, Slack, SoundCloud, TransferWise, and SoundCloud.
Index Ventures
Another new investment from Index Ventures is in the digital advertising industry. Beyond Outdoor, a digital outdoor advertising company in the Netherlands, raised EUR1.3 million for two digital advertising projects. The company has also raised money through crowdfunding, a new form of financing that helps people connect with capital. The new fund is being run by Index Ventures, an international venture capital firm.
The new funds will help Index Ventures expand its presence in digital advertising. The company has also been investing in a number of data science companies. Feedzai is a data science company for commerce. It has raised $17.5 million in a new Series B funding round led by Oak HC/FT, Sapphire Ventures, and True Ventures.
Destination for investors
VentureBeat is the town square of the technical decision-makers. It provides knowledge of transformative enterprise technology and transacts opportunities. It’s the ideal destination for investors, technologists and corporate executives. Founded in 2006, VentureBeat has raised over $180 million for companies in a variety of industries. Managed cybersecurity startup SolCyber has raised $20 million in a series A funding round. The funds will help the company expand its technology offering, build market awareness, and accelerate customer growth. Additionally, they will support an aggressive hiring strategy. Founded in 2012, SolCyber has an interesting and unique approach to cybersecurity.
SolCyber provides an integrated stack of enterprise-strength security tools and services. This curated stack aims to help companies mitigate cybersecurity risk, simplify security processes, and increase their security posture. The company is backed by Forge Point Capital textboard.biz.
Employees and limited
While SolCyber is still a small startup with few employees and limited revenue, it plans to increase its workforce to twenty people by the end of the year. The startup intends to attack the growing information security market, where Gartner predicts spending will reach $170.4 billion by 2022.
The company’s mission is to protect businesses from cyber threats. Its technology enables organizations to prevent cyber attacks by identifying, prioritizing, and solving security problems across all aspects of their IT infrastructure. The company recently hired cybersecurity veteran Pierre Samson as its Chief Revenue Officer, and has secured dozens of customers. In addition, it has expanded internationally to increase its global reach.
Conclusion
The world’s leading technology companies are investing heavily in AI. They are developing a variety of AI products that address various customer needs. Some of these products are aimed at everyday computer users while others are designed to be embedded into software. The largest companies have dozens of different AI products and services mymomblog.net.
