CyberCube brings in another $50M in funding

CyberCube said late Monday it had garnered an additional $50 million in funding.

The San Francisco-based cyber risk analytics firm said the additional capital came from investment funds managed by Morgan Stanley Tactical Value and existing investors Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and investors from Stone Point Capital.

Scott G. Stephenson, former chairman, president and CEO of Verisk Inc. also participated in the financing and will join the CyberCube board as a director, a statement said.

With the new funding, CyberCube has now raised more than $100 million, the statement said.

CyberCube models cyber risk exposures for insurers and brokers and 2022 announced partnerships include those with Baldwin Risk Partners Inc. and Duck Creek Technologies Inc., among others, the statement said.

CyberCube was the 2019 Insurtech Team of the Year at the Business Insurance second annual U.S. Insurance Awards on March 21 in New York.