Cyber Sierra, a Singapore-based insurtech startup focused on cybersecurity, has raised US$4.3 million in a seed round led by Leo Capital, with participation from AppWorks, Credit Saison, and other angel investors.
Photo credit: Cyber Sierra
Using Cyber Sierra’s platform, businesses, including SMEs, can access a wide range of cybersecurity tools such as threat alerts, intelligence feeds, antiphishing, and vulnerability scans, which all come bundled with insurance services.
The company provides up to US$5 million in cyber and technology insurance coverage. It is currently expanding its services in India and other countries in the Southeast Asia region.
The cybersecurity firm was founded in June 2021 by Pramodh Rai, ex-CTO at real estate platform Hmlet, and Subhajit Mandal, former director at insurance firm AXA.
Cyber Sierra plans to use the fresh capital to expand its offerings to include more products and broaden its network of startups and SME customers across Southeast Asia and India. It will also hire fresh talents across its business.
“Our platform is focused on helping customers grow their cyber security posture, with embedded insurance offerings. This helps companies to adopt a more holistic approach to managing cyber risk,” Mandal stated.
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Editing by Samreen Ahmad and Arpit Nayak
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