Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- Safe Security is a pioneer in “Cybersecurity and Digital Business Risk Quantification” (CRQ), with our core SaaS solution primarily serving the Fortune 50growing more than 400% YoY. We have raised $51M in funding, with British Telecom (our channel partner and a top 10 global MSSP), MS&AD (largest insurer in Asia) and John Chambers (ex-CEO of Cisco) as lead investors. We have developed our assessment methodology through joint research and development with MIT since 2018, and won the 2020 Morgan Stanley CTO Innovation Award for our unique ability to capture and correlate cyber risk data on a real-time, "Inside-Out" basis.
Safe is now launching a new Cyber MGA in the US and UK transforming how cyber insurance is underwritten and aligned with cybersecurity investments and operations. We will have the industry's lowerst loss ratio while introducing new, embedded services that are part of our core cybersecurity software and "Inside-Out" analytics engaging customers throughout their policy lifecycle
Our core SaaS platform and cyber risk quantification capabilties enable Safe to underwrite and offer dynamic cyber insurance with coverage and premium aligned to a company's 'true' cyber risk exposure.
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