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Arceo.ai bags $37 mn in funding; cyber risk management on agenda

 

Arceo

Vishaal Hariprasad, CEO, Arceo.ai

San Francisco-based InsurTech Arceo.ai secured $37 million in a recent funding round led by Lightspeed Venture Partners and Founders Fund along with participation from CRV and UL Ventures.

The company also announced the joining of Hemant Shah, Founder and Former CEO of RMS, a leading catastrophic risk modeling company, as a member of its Board of Directors.

Founded in 2016, the company enables insurance providers to scale their cyber line of business using curated security data for accuracy, AI for advanced risk assessment, and workflow automation for efficiency. Arceo analyzes an individual enterprise’s security posture as well as the macro cyber risk trends.

“By blending cybersecurity, threat intelligence, and insurance into one platform, we believe we can unlock new solutions to make companies quantifiably more secure,” Vishaal Hariprasad, CEO of Arceo.ai commented.

Arceo, a provider of end-to-end cyber risk analytics and insurance platform, secures enterprises from cyber threats by blending cybersecurity experience, credible risk assessments, and risk transfer. The platform enables insurers and brokers to better assess, underwrite, and manage cyber risks using artificial intelligence for advanced and dynamic risk assessment. The company is headquartered in San Francisco, California with offices in Chicago, Baltimore, and New York.

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