SecondSight, a Bloomington, IN-based supplier of an insurance coverage business’s AI-driven platform for ‘inside-out’ underwriting, raised $3M in Seed investment.
The spherical was once led by way of Tim Crown with participation from Indiana Ventures, Prepare dinner Ventures, and Flywheel Fund.
The corporate intends to make use of the finances to boost up marketplace adoption and have an effect on to the cyber insurance coverage business.
Led by way of CEO Reuben Vandeventer, SecondSight supplies a cyber underwriting platform to find, quantify, hedge and insure virtual chance. With its platform for ‘inside-out’ underwriting, companies and cyber insurance coverage suppliers can see the virtual chance with whole readability, enabling cyber insurance coverage suppliers so as to quantify chance severity according to the virtual property and liabilities of a company. The platform autonomously discovers, classifies and analyzes a company’s complete panorama of virtual property, the original chance profile for each and every virtual asset throughout hundreds of various chance components, and the true trade prices that will be incurred if a virtual asset was once compromised.
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