SAN FRANCISCO, Nov. 5, 2018 /PRNewswire/ — Zeguro, a pioneer in cyber risk management for small and medium-sized enterprises, closed $5 million in funding from a prominent group of investors to launch its Cyber Safety Platform to help companies assess and mitigate their cyber risks. The round was led by Mosaik Partners, joined by Healthy Ventures, Munich Re / HSB Ventures, QBE Ventures, Social Capital, Plug and Play, and Sparkland Capital.
Small and midsize enterprises with revenues under $100 million, like law firms, retailers and medical practices, maintain sensitive data. As such, they are a popular target for hackers and cybercrimes like phishing, ransomware and crypto-mining. Many of these businesses fail as a result of the cost of remediation.
Sidd Gavirneni, CEO of Zeguro, comments on the investment, “The risk of cyber threats continues to grow with small and midsize companies as prime targets. With this round of funding, we will launch our SaaS platform that helps these companies continually monitor their risks, train employees, and quickly recover from cyber attacks. Our platform also empowers SMB’s with turnkey – and critical — answers to the ‘so…
