Insurtech Insights
Insurtech KYND Raises £ 3.25 million for Cyber ​​Risk Platform
Insurtech KYND Raises £ 3.25 million for Cyber ​​Risk Platform
KYND, a provider of cyber risk management solutions for the insurance industry, has raised £ 3.25 million from UK and Ireland-based growth capital investor BGF.

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London-based startups Fresh funds We will promote our global expansion plan and launch new products.

Founded in 2018 by Andy Thomas and Melanie Hayes, the startup provides software to understand and manage corporate cyber risks. This platform collects and processes data to assess a company’s cyber risk. The information will be evaluated and presented to stakeholders in “easy-to-understand English”.

This insight helps underwriters understand the company’s cyber risk exposure and also helps mitigate client exposure through continuous monitoring and alerting.

KYND is affiliated with prominent insurance companies and brokers such as Beazley, Howden, Paragon and Alliant. It claims to have achieved 1,000% growth in annual recurring revenue since June 2020.

Andy Thomas, CEO of KYND, said: -Market companies. Use additional funding to further enhance product development and customer development in the UK and abroad. “


Source: Fuentitech

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