BLOOMINGTON, Ind.–(BUSINESS WIRE)–SecondSight (www.secondsight.ai) today came out of stealth with the launch of the insurance industry’s first AI-driven platform for ‘inside-out’ underwriting and an oversubscribed $3 million seed round of financing led by Tim Crown (co-founder of Insight Enterprises) with participation from Indiana Ventures, Cook Ventures, and Flywheel Fund, among other investors. A more comprehensive solution for current market needs, SecondSight is the first AI-driven platform that brings telematics to digital risk. With a rapidly growing customer roster, SecondSight expects the new funding to accelerate market adoption and impact to the cyber insurance industry.
In a world where ransomware attacks surpass $7.5 billion annually and new cyberattacks occur every 39 seconds, businesses today are constantly vulnerable to unseen threats. As the digital risk grows, so does complexity, making it harder to obtain cyber insurance to hedge against those risks, with a majority of businesses in North America either uninsured or underinsured against skyrocketing growth of ransomware attacks and other cyber threats. More than 80% of cyber insurance…
