TechCrunch: Arceo.ai raises $37 million to expand cyber insurance coverage and access

TechCrunch: Arceo.ai raises $37 million to expand cyber insurance coverage and access

Critical cyber attacks on both businesses and individuals have been grabbing headlines at an alarming rate. Cybersecurity has moved from a background risk for enterprises to a critical day-to-day threat to business operations, forcing executive teams to pour time and hundreds of billions in capital into monitoring and prevention efforts.

Medium: Arceo — AI-Driven Cyber Insurance Platform for the 21st Century.

Medium: Arceo — AI-Driven Cyber Insurance Platform for the 21st Century.

These days, we’re constantly hearing of another company that’s been breached by hackers. Target. Marriott. Equifax. These are just a handful of the many companies that have recently been attacked and compromised by hackers. Hundreds of millions of peoples’ private records were leaked and the breached companies have each faced liabilities and lawsuits.

Arceo.ai Secures $37 Million of Funding led by Lightspeed Venture Partners and Founders Fund

Arceo.ai Secures $37 Million of Funding led by Lightspeed Venture Partners and Founders Fund

SAN FRANCISCO, Sept. 25, 2019 /PRNewswire/ -- Arceo.ai, provider of the leading end-to-end cyber risk analytics and insurance platform, today announced it has secured $37 million in overall funding.

Business Insider: Peter Thiel’s Founders Fund is making its first cybersecurity investment in a $37 million deal with two former Air Force pilots

Business Insider: Peter Thiel’s Founders Fund is making its first cybersecurity investment in a $37 million deal with two former Air Force pilots

The Founders Fund is coleading with Lightspeed Venture Partners a $37 million funding round in Arceo.ai, a San Francisco startup that analyzes the cybersecurity risks that businesses face. The startup, founded by two cybersecurity industry veterans, recently came out of stealth mode.

Reinsurance backstops are key to addressing systemic cyber risk: EastWest Institute

Reinsurance backstops are key to addressing systemic cyber risk: EastWest Institute

A new report from the EastWest Institute has argued that the creation of government backstops in the form of private reinsurance pools will be one of the key pillars in enabling the insurance industry to guard against systemic cyber risk and avoid catastrophic losses.

Arceo.ai Launches to Bridge the Cybersecurity - Insurance Gap

Arceo.ai Launches to Bridge the Cybersecurity - Insurance Gap

SAN FRANCISCO--(BUSINESS WIRE)--Arceo.ai, the industry-first provider of cyber resilience solutions, today emerged from stealth with the debut of a unique platform that enables insurance carriers to automate and enhance their cyber insurance solutions, while increasing the security of their insureds.