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.
Security
Insurance
Machine Learning
Security
Insurance
Machine Learning
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Recently Added Startups
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Security
Insurance
Machine Learning