Resilience announced a $100 million equity financing round to accelerate its global expansion and scale the adoption of its holistic cyber risk platform, the Resilience Solution, which launched earlier this year.

The series D round was led by Intact Ventures, an affiliate of Resilience’s primary capacity provider, Intact Insurance’s underwriting companies with participation by Lightspeed Venture Partners, and General Catalyst and Founders Fund.

“The increase in ransomware attacks proves that there are longstanding gaps in today’s cybersecurity and cyber insurance practices,” said Vishaal Hariprasad, or V8, CEO and co-founder of Resilience, in a company press release. “Instead, enterprises need a way to look at their cyber risk in an integrated, economically-efficient, and predictable manner. This funding will accelerate our mission to make this a reality for more companies around the world.”

By connecting leaders in finance, risk, and security, the Resilience Solution aims to provide clients with a new way to assess, measure, and manage their cyber risk. Built on the company’s AI platform, the Resilience Solution enables policyholders to quantify their cyber risk and prioritize their security program based on a return-on-investment analysis of their controls.

Resilience has raised more than $225 million in prior funding and serves primary and excess clients in the U.S., U.K., Canada, Ireland, Italy, Spain, and the Nordics.

Source: Resilience