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

Interlock Ransomware Threat Alert

Altman Flags Looming AI Fraud Crisis

July 24, 2025
Interlock Ransomware Threat Alert

XSS Forum Admin Arrested in Kyiv

July 24, 2025
Interlock Ransomware Threat Alert

Google OSS Rebuild Exposes Malicious Code

July 24, 2025
UK Advances Plan to Report Ransomware Attack

UK Advances Plan to Report Ransomware Attack

July 23, 2025
UK Advances Plan to Report Ransomware Attack

Global Ransomware Attacks Drop 43% in Q2

July 23, 2025
UK Advances Plan to Report Ransomware Attack

Clorox Sues Cognizant Over 2023 Cyberattack

July 23, 2025

Latest Alerts

Interlock Ransomware Threat Alert

GitLab Patches Key Vulnerabilities

Backdoor Found in WP Plugins

Lumma Stealer Returns with New Tactics

npm Phishing Emails Target Developer Logins

MuddyWater Emerges Amid Iran-Israel Clash

Subscribe to our newsletter

    Latest Incidents

    Data Breach Affects 340K Jobseekers

    Hackers Use Ransomware on SharePoint Servers

    Beluga Vodka Ransomware Attack Reported

    Weak Password Triggers Ransomware Old Firm

    US Nuclear Agency Breached in MS Hack

    European Healthcare Network Breached

    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