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CyberFortress is an insurtech startup based in San Antonio.
Basic Information
CyberFortress was formed in 2018 to develop a new approach to cyber insurance for small businesses that would overcome the issues with existing coverages: long applications, complicated multi-party coverages, and slow claims payouts. To solve these problems, CyberFortress is building a parametric, online revenue interruption policy for e-commerce companies that insure them against the risk of downtime resulting from a wide range of potential cyber events including cyber-attacks, internal errors, or third-party failure. The parametric approach and broad range of covered perils will distinguish it from other coverages in the market. CyberFortress has already begun helping e-commerce companies manage their cyber risk, having launched its Downtime Risk Assessment in June 2019. This tool uses proprietary data collection technology and machine learning methods to assess an e-commerce company’s risk of suffering downtime, using just their business email address, and is free and accessible on CyberFortress’s website. In September 2019, it closed a $3 million seed round co-led by Greycroft and LiveOak Venture Partners.
Legal Name
:
CyberFortress, Inc.
Headquarters
:
San Antonio, Texas, United States of America
Founding Date
:
2018
No. of Employees
:
11 to 20
Core Team
:
1.  
Huw Edwards
Co-Founder & CEO
2.  
Michael DeFelice
Co-Founder & CTO
3.  
Nathaniel Shames
Co-Founder
Funding

Total Funding

$3.0M

Investors
:
1.  
Greycroft
2.  
LiveOak Venture Partners
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