Cyberinsurance and protection firm Boxx Insurance has raised $14.4 million in a Series B funding round that brings the total investment in the company to $24.5 million.
Led by Zurich Insurance, the new funding round comes hot on the heels of Boxx acquiring cyber threat intelligence platform Templarbit in November 2022, only two months after completing its Series A investment round.
Founded in 2018, the Toronto-based Boxx Insurance provides small businesses with cyber threat prediction and prevention capabilities, combined with third-party cyber insurance. The solutions are also tailored for connected households.
The company offers the tools and training necessary to increase digital resilience, along with backup, cyber monitoring, and managed firewall capabilities to prevent cyberattacks.
Boxx says it is now protecting 10,000 businesses and over 250,000 individuals. The company has offices in Canada and the US, and has grown its employee base from 5 to 36 in the last year.
Boxx Insurance’s offer is similar to that of Guardz, which emerged from stealth mode this week with $10 million in seed funding.
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