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Alternative Assets  + Private Equity  |  December 21, 2022
Risk Analytics Starup CyberCube Snags $50M in Growth Financing, Led by Morgan Stanley
Joe Palmisano
By: Joe Palmisano

Risk Analytics Startup CyberCube Snags $50M in Growth Financing, Led by Morgan Stanley

CyberCube Analytics, Inc., a San Francisco, CA-based cyber risk analytics company, raised $50 million in additional growth capital, bringing its total amount raised to more than $100 million.

The round was led by investment funds managed by Morgan Stanley Tactical Value.

Existing investors, including Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital and Stone Point Capital, and Scott Stephenson, the former chief executive officer of Verisk Analytics Inc., also participated in the round.

CyberCube is the creator of a cyber risk analytics platform that’s used by insurance firms and brokers to provide a better understanding of their customers’ exposure to cybersecurity threats, giving them a better way to protect themselves.

Using the software, insurers and underwriters can evaluate individual commercial risks more accurately during the insurance underwriting process.

The company said its platform is used by some of the world’s largest and most sophisticated players in the insurance and broking industries, including Relm Insurance Ltd., Elpha Secure Technology Inc., Baldwin Risk Partners Group Inc. and Kroll LLC.

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CyberCube Analytics, Inc.

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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