Menu

  • Alerts
  • Incidents
  • News
  • APTs
  • Cyber Decoded
  • Cyber Hygiene
  • Cyber Review
  • Cyber Tips
  • Definitions
  • Malware
  • Threat Actors
  • Tutorials

Useful Tools

  • Password generator
  • Report an incident
  • Report to authorities
No Result
View All Result
CTF Hack Havoc
CyberMaterial
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
Hall of Hacks
  • Education
    • Cyber Decoded
    • Definitions
  • Information
    • Alerts
    • Incidents
    • News
  • Insights
    • Cyber Hygiene
    • Cyber Review
    • Tips
    • Tutorials
  • Support
    • Contact Us
    • Report an incident
  • About
    • About Us
    • Advertise with us
Get Help
No Result
View All Result
Hall of Hacks
CyberMaterial
No Result
View All Result
Home News

Forgepoint Invests in Cyber-Insurance

August 2, 2023
Reading Time: 2 mins read
in News

 

Venture capital firm Forgepoint Capital has taken another stride in the cyber-insurance sector, leading a $15 million Series A funding round for Converge Insurance, a New York-based tech startup.

This marks Forgepoint’s second investment in the cyber-insurance space, following its support for Surefire Cyber, a startup catering to cyber insurers, brokers, and legal firms with incident response services. Converge Insurance positions itself as a modern managing general agent (MGA) that combines cyber insurance, security, and technology to serve the small- and medium-sized business (SMB) market.

The $15 million Series A investment in Converge Insurance demonstrates Forgepoint’s commitment to advancing the cyber-insurance ecosystem. As the threat landscape evolves with a surge in major ransomware attacks targeting businesses, the need for robust cyber insurance solutions becomes paramount.

Converge Insurance aims to fill this void by constructing a proprietary data ecosystem bolstered by expert underwriting, paving the way for innovative cyber risk solutions tailored to the often-overlooked SMB sector.

In addition to the funding announcement, Converge Insurance also unveiled the appointment of Tom Kang as CEO and announced new partnerships to fuel business expansion. With a mission to empower policyholders through transparent cyber insurance, Converge seeks to enable businesses to intelligently manage technology risks.

This funding injection will allow Converge to scale its operations, grow its team of in-house experts, and accelerate the global availability of its platform. The investment comes at a crucial time when stricter security controls are becoming necessary for insurance policy renewals and maintenance, underlining the growing importance of cyber insurance solutions in safeguarding businesses from evolving cyber threats.

Reference:
  • Forgepoint Capital Places $15M Series A Bet on Converge Insurance

Tags: August 2023Cyber InsuranceCyber NewsCyber News 2023CyberattackCybersecurityForgepoint CapitalVulnerabilities
ADVERTISEMENT

Related Posts

New CISA SIEM and SOAR Cyber Guide Released

New CISA SIEM and SOAR Cyber Guide Released

May 28, 2025
New CISA SIEM and SOAR Cyber Guide Released

Iranian Pleaded Guilty in Robbinhood Case

May 28, 2025
New CISA SIEM and SOAR Cyber Guide Released

Vietnam Cites Security For Telegram Ban

May 28, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Banking Groups Urge SEC To Repeal Cyber Rule

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Microsoft Launched Regional Cyber Initiative

May 27, 2025
Banking Groups Urge SEC To Repeal Cyber Rule

Red Hat announced a new collaboration with AMD

May 27, 2025

Latest Alerts

Microsoft Void Blizzard Cyber Threat Alert

Fake DocuSign Alerts Target Corporate Logins

Fake Bitdefender Site Spreads Venom Malware

FBI Warns Luna Moth Targets US Law Firms

Winos 4.0 Malware Spread Via Fake Installers

GhostSpy Android Malware Full Device Control

Subscribe to our newsletter

    Latest Incidents

    Migos IG Hack Blackmails Solana Cofounder

    Tiffany & Co. Faces Data Breach Incident

    MathWorks Crippled by Ransomware Attack

    Everest Ransomware Leaks Coke Staff Data

    Adidas Data Breach Exposes Customer Contacts

    Semiconductor Firm AXT Hit by Data Breach

    CyberMaterial Logo
    • About Us
    • Contact Us
    • Jobs
    • Legal and Privacy Policy
    • Site Map

    © 2025 | CyberMaterial | All rights reserved

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Alerts
    • Incidents
    • News
    • Cyber Decoded
    • Cyber Hygiene
    • Cyber Review
    • Definitions
    • Malware
    • Cyber Tips
    • Tutorials
    • Advanced Persistent Threats
    • Threat Actors
    • Report an incident
    • Password Generator
    • About Us
    • Contact Us
    • Advertise with us

    Copyright © 2025 CyberMaterial