SolCyber, a solcyber series forgepoint managed security services provider, has partnered with cyber insurance provider Converge, a Forgepoint Capital portfolio company. Together, they will launch a mid-market cyber insurance product. This new partnership will help businesses with their cyber risk management needs. Both companies have experience in the cybersecurity industry. Both companies are currently working with clients to reduce the cost of cyber insurance, and are already a part of Forgepoint’s portfolio.
Surefire Cyber
Forgepoint is the world’s most active cybersecurity venture capital firm with a portfolio of 36 companies and an advisory council of 75 cybersecurity executives. Since the company’s founding in 2015, the firm has raised $770 million and deployed $500 million, helping cybersecurity companies realize their market potential. Its portfolio includes companies such as 1Kosmos, DeepSee, Ermetic, Rafey, and SentinelOne.
Surefire Cyber’s Series A funding round was led by Forgepoint Capital and will help the company serve as an industry partner for cyber insurance brokers and insurers. Its goal is to help these organisations address the ever-increasing cost of cybercrimes. The company’s technology-enabled platform will help organisations manage cyber incidents, boost transparency and reduce the cost of business interruption.
Solcyber Series Forgepoint
Surefire Cyber is the second company incubated at Forgepoint Capital. It has received a variety of support including platform development, introductions to first customers, and governance support. The company has assembled a team of industry veterans and has developed an innovative tech-enabled incident response platform. It has also partnered with leading industry companies.
Surefire Cyber is an incident response company that helps law firms, cyber insurers, and brokers better manage cyber incidents. The company recently raised $10 million in Series A funding led by Forgepoint Capital. While the firm has been largely stealthy, this funding round signals a strong start for the company.
SolCyber
The SolCyber series of forgepoint security appliances deliver endpoint security, secure email, and protection from Lively Directory abuse. These solutions are also bundled with security education and staff phishing education. The products also provide round-the-clock monitoring and log-keeping. The company has raised $20 million in its Series A round and plans to double its number of employees within the next six months.
The Series funding round was led by Forge Point Capital, and the funds will be used to expand the company’s product line, boost brand awareness, and increase customer acquisition. The funding will also be used for aggressive staff development. Currently, the company has more than 100 employees and is growing rapidly.
Solcyber Series Forgepoint
SolCyber’s 20m series provides endpoint protection, email security, Active Directory abuse protection, and admin exploitation prevention. The company also offers security training and a security operations center. With its early growth, the company plans to focus on the growing information security market, which Gartner says will grow to $170 billion by 2022.
As the company continues to expand its technology offerings, it is partnering with Converge, another Forgepoint portfolio company, to simplify the process of cyber insurance. Together, they plan to improve Foundational Coverage and expand the platform to make it easier for businesses to understand and use. The companies also plan to focus on ensuring the best customer service.
Forgepoint Capital
SolCyber, a cybersecurity startup, has raised $20 million in its Series A round of funding. The round was led by ForgePoint Capital and is expected to help the company expand its product offering, boost customer acquisition, and aggressively develop personnel. Forgepoint Capital is the largest cybersecurity venture capital firm in the world, with more than 30 portfolio companies. Its advisory council is comprised of 75 senior executives from different industries. Since its founding in 2015, Forgepoint Capital has invested more than $500 million in its portfolio and empowered the industry’s leaders to reach the full market potential.
SolCyber’s Series A funding comes at a time when cybersecurity is becoming increasingly critical for businesses. With the estimated cost of cybercrime reaching $10.5 trillion per year, it’s important for companies to invest in robust cybersecurity solutions to keep their systems safe. SolCyber is a managed security services provider and has raised $20 million from ForgePoint Capital.
Solcyber Series Forgepoint
SolCyber was the first company the fund invested in. Later, it joined forces with Converge, another company incubated by Forgepoint Capital. Together, they plan to make cyber insurance easier to use for small and midsized businesses. They also intend to upgrade their platform and provide a single, unified portal view of all security and data. The two companies also plan to focus on customer service and a more personalized approach to cybersecurity.
SolCyber’s tech stack includes endpoint security, email security, and Active Directory abuse protection. It also offers security training and prevents employee phishing attacks. It also has a security operations center that monitors network activity and protects companies from attacks. While the company is new and has a limited revenue stream, it plans to compete in the growing information security market, a market estimated at $170 billion by 2022.
Partnership with Converge
SolCyber is a managed security service provider that has raised $20 million in Series A funding from ForgePoint Capital. The company plans to use the funds to improve its products and extend its go-to-market efforts. Read on to learn more about the company’s plans.
SolCyber is a Forgepoint Capital company that offers a comprehensive cyber insurance portfolio to small and mid-sized businesses. This offering offers SMBs a simplified application process, enhanced coverage, and significant premium savings. It covers nine key controls that help organizations maintain their foundational security posture.
Solcyber Series Forgepoint
With better security, smaller businesses are less vulnerable to cyber attacks. The SolCyber series provides coverage at a lower price, as compared to traditional cyber insurance. The company points to a recent study of midsized organizations to prove its point. The study, conducted by Coro Cyber Security Ltd., shows that the number of cyberattacks on mid-sized organizations will increase by 50% by 2020 and 2021. This trend is due to the fact that midsized organizations’ security is significantly lower than that of larger enterprises.
SolCyber offers an integrated tech stack of services, including email security, endpoint security, Active Directory protection, and admin exploitation prevention. Additionally, customers receive security training and employee phishing training as part of the SolCyber subscription. Lastly, customers can take advantage of SolCyber’s security operations center capabilities. While the company has limited revenues, it is focusing on the growing information security market. Gartner estimates that this market will grow to $170 billion by 2022.
Funding raised by SolCyber
Managed security services provider SolCyber recently raised $20 million in Series A funding from ForgePoint Capital. The company will use the money to expand its product portfolio and go-to-market efforts. At a time when cybercrime is on the rise, the company is positioning itself for growth in an industry that is estimated to cost $10.5 trillion per year.
While SolCyber currently only has 12 employees and a limited revenue, it is aiming to expand to 20 people by the end of this year. It has identified a huge market for cyber security products and services. According to Gartner, spending on cybersecurity will exceed $170 billion by 2022.
Forgepoint, based in Boston, is one of the largest cybersecurity venture capital firms in the world with over 30 companies in its portfolio. Its advisory board includes 75 senior executives from many industries, including financial services, technology, and cybersecurity. The firm has acquired several firms in the industry including Surefire Cyber, which provides security services to cyber insurers and brokers. While the fund has an initial focus on the digital security sector, it plans to fund businesses that will power the future of the internet.
Solcyber Series Forgepoint
As Forgepoint continues to support its portfolio of cybersecurity startups, it has also incubated Surefire Cyber, a company that offers incident response services. Surefire is the brainchild of Billy Gouveia, a pioneer in the field of incident response. The company aims to provide incident response services to cyber insurers, brokers, and legal firms.
The company has announced a partnership with Converge, a new cyber insurance provider that redefines cyber insurance for the midmarket. Together, the two companies will provide enhanced coverage and significant premium savings for small and midsized businesses.
