Resilience raises $100 million

Cyber insurance startup Resilience announced a $100 million Series D round led by Intact Ventures, an affiliate of its primary capacity provider, with participation by Lightspeed Venture Partners, as well as General Catalyst and Founders Fund.

Headquartered in San Francisco and founded in 2016, Resilience offers enterprises with revenues of $100M-$7.5b solutions to assess, measure, and manage cyber risk. The startup serves primary and excess clients in the US, UK, Canada, Ireland, Italy, Spain, and the Nordics.

Originally, it offered insurers “real-time data, analytics and context” to underwrite cyber risk.

“The increase in ransomware attacks proves that there are longstanding gaps in today’s cybersecurity and cyber insurance practices. Instead, enterprises need a way to look at their cyber risk in an integrated, economically-efficient, and predictable manner. This funding will accelerate our mission to make this a reality for more companies around the world. I want to thank our team and our broker partners for helping us arrive at this milestone.” – Vishaal “V8” Hariprasad, CEO and Co-Founder of Resilience.

“We’re thrilled to lead Resilience’s financing round and to work together to build the cyber risk platform of the future. We’re eager to continue pairing the innovative cybersecurity solutions and expertise of Resilience with the insurance expertise of Intact Insurance’s underwriting companies as Resilience’s primary capacity provider.” – Justin Smith-Lorenzetti, Intact Ventures.