A new cyber risk analytics firm has made its public debut. CyberCube Analytics relies on technology developed by Symantec Corp. plus investment from Trident Capital Cyber Security, a $300 million venture fund focused exclusively on cybersecurity companies.
A CyberCube spokesperson declined to disclose how much financing the company has raised.
The San Francisco-based startup describes itself as bringing together experts in insurance, risk modeling and cybersecurity in order to provide a risk modeling platform that gives an “inside-out” view of risk exposure to cyber insurers, reinsurers and reinsurance brokers in their underwriting and coverage processes.
CyberCube said that its risk-modeling platform is now available. It processes terabytes of unique datasets and applies multidisciplinary analytic methods. Symantec contributed technology assets, developed with insurance underwriters, in exchange for an equity stake. As well, Symantec plans to provide an exclusive, proprietary telemetry data license to augment CyberCube’s risk models. Plans call for the investment to be managed under the Symantec Ventures portfolio.
CyberCube CEO Pascal Millaire has had previous executive roles with Symantec and McKinsey & Co., among other positions. Ashwin Kasyap, CyberCube co-founder and VP, Product, was director of product management at Symantec, and before that senior manager for catastrophe modeler RMS. Michael Varshavski, VP of Operations at CyberCube, was director of business operations for Cyber Insurance at Symantec and has held executive positions at Google and Hewlett-Packard.