Cyber insurance provider Resilience has announced that it has closed an $80 million Series C funding round co-led by General Catalyst and Corey Thomas of Rapid7, with participation from Lightspeed Venture Partners, Founders Fund, Charles River Ventures, Shield Capital, and Intact Ventures.
The investment comes as Resilience moves forward with plans for middle-market expansion and international growth. With ransomware claims spiking over the past year, the hardened cyber insurance market has allowed innovative newcomers to thrive, the company said.
“We took a deliberate approach entering the middle market,” said Vishaal Hariprasad, CEO of Resilience. “Our clients are discerning buyers with sophisticated infrastructure. We proactively connect their security postures with their insurance policy, not as vendors, but as partners. That personal, integrated approach of transparency and action is what makes us so different.”
Resilience has built an “Insecure + Secure” business model that provides both customized insurance and security services to its clients. A team of in-house security engineers engage with customers from risk assessment to post-bind vulnerability monitoring, the company said.
