Kovrr, a Tel Aviv-based predictive cyber risk modeling company, announced a $5.5 million financing round.
StageOne Ventures and Mundi Ventures co-led the financing round with participation from Banco Sabadell and other private investors.
Kovrr provides an AI-enabled real-time predictive cyber risk modeling platform that helps underwriters, exposure managers, and catastrophe modelers understand, quantify, and manage cyber risk.
The proceeds will be used for product development and further accelerate the company’s global growth.
The startup founded in 2017 with an undisclosed amount of seed funding from Founders Factory, a corporate-backed, multi-sector, incubator and accelerator.