Insurtech firm DynaRisk has closed its seed funding round after raising $7m of capital since its launch.
According to the company, this new round of funding will be used to meet the growth demand for its existing products, expand geographically and develop new products to widen the company’s reach.
Andrew Martin, CEO of DynaRisk, said: “Since founding, DynaRisk has been at the forefront of mitigating risk for personal and commercial cyber insurers, reinsurers and MGAs.”
“Being able to offer our clients new ways to protect their policyholders in this increasingly fraught cyber landscape is central to our mission. We couldn’t be happier to have the backing of our investors to continue growing our product suite.”
DynaRisk provides cyber intelligence data on 450m companies around the world to personal and commercial business lines insurers.
The solutions are both included with cyber insurance policies and sold without insurance via agents and managed service providers. DynaRisk products are deployed in 8 markets around the world protecting 10,000s of consumers and over 4,000 businesses.
