CyberCube, a provider of cyber risk analytics for insurance companies, this week announced that it has raised $50 million in a new funding round that brings the total raised by the firm to $105 million.
The new investment round was led by Morgan Stanley, with participation from Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and angel investors.
Founded in 2015, the San Francisco-based CyberCube helps insurers and brokers understand their portfolios’ exposure to cyber threats. The company’s solutions also aid underwriters in evaluating commercial risks.
In addition to products tailored specifically for brokers and underwriters, CyberCube’s software-as-a-service offering also includes Portfolio Manager, a scenario-based catastrophe model, and CyberConnect, which integrates analytics into existing workflows.
CyberCube plans to use the new funding to advance product development and to accelerate go-to-market expansion.