Cyber risk analytics firm CyberCube has secured additional funding from venture capitalist MTech Capital and individuals from Stone Point Capital.
These additional investments bring the cumulative amount raised in CyberCube’s previously announced Series B funding round to $40 million.
In connection with this investment, CyberCube is appointing additional observers to its Board of Directors.
The first appointment is Kevin McLoughlin, Partner and Co-Founder of MTech. McLoughlin has spent 22 years in insurance investment banking, as the Global Head of Insurance Investment Banking at Bank of America Merrill Lynch, and Global Head of Insurance Banking at Citigroup.
Prior to banking, McLoughlin was at AIG for seven years in finance and investments.
CyberCube also appointed Justin Rispler, who is a vice president at Stone Point Capital and focuses on Stone Point Capital’s investments in insurance distribution and insurance services.
“Becoming the market-leading cyber risk analytics company serving the insurance industry is not just about creating data and updating software models – people and the insight they bring, are core to the success of any business from the Board level to our newest front-line employee,” said Pascal Millaire, CEO of CyberCube.
“I’ve been delighted by the interest received over the past year, with over 100 approaches from companies that share CyberCube’s vision and have wanted to invest in our future, but our new investors have really stood out from the pack and we look forward to having them on our Board of Directors.”