Founded in 2018 by Andy Thomas and Melanie Hayes, KYND has developed a cutting-edge cyber risk monitoring platform designed to offer instantaneous and continuous insights into the cyber risk profile of organisations.

This actionable and transparent cyber risk intelligence supports informed decision-making across the cyber ecosystem.

KYND’s innovative approach to cyber risk management has earned it recognition as one of the most powerful solutions in the industry. In 2023, KYND received prestigious awards including “Cyber Security Product of the Year” at the Risk Management Awards and ‘Cyber Risk Management Solutions Provider’ at the Fintech Awards.

Since securing its Series A funding in early 2022 from BGF, KYND has expanded its suite of products and solutions, catering to leading insurers, brokers, and private equity firms. Notably, KYND has successfully penetrated the US market, establishing a dedicated team in Austin, Texas.

The new investment from Verisk and BGF will further propel KYND’s global growth plans and bolster its commitment to developing transformative cyber risk technology. This investment underscores Verisk’s confidence in KYND’s vision and reinforces KYND’s position as a frontrunner in the cyber risk management space.

Speaking about the investment, Andy Thomas, chief executive of KYND, said: “The threat of cybercrime is rising; attacks are now a question of “when” not “if” and the risk of these occurring has knock-on effects across the broader landscape. At KYND, we are committed to creating best-in-class, efficient and insight-rich tools that not only remove complexity & jargon, making cyber risks easy to identify, monitor and remediate but also enable rapid decision making in this dynamic ecosystem. We are excited to continue working with BGF and look forward to welcoming the Verisk team as we execute on our ambitious growth plans.”

Rowan Bird, investor at BGF, also commented, saying: “KYND has developed an industry-leading platform that provides actionable insights on cyber risk posture. The business has demonstrated impressive growth and this new investment demonstrates our belief in the long-term potential of the company as it continues to scale.”

Verisk’s investment in the business provides an exit for CPP, a UK-based provider of assistance and insurance products, which has backed the business since 2018.

Tim Rayner, president of Specialty Business Solutions at Verisk, added: “Helping our clients address the risks associated with cyber events is one way we build resilience for the global insurance industry. We are excited to support KYND and find new ways of working together in support of Verisk’s clients in the global insurance market.”