Tag: Insurance
Mantas launches with funding round to insure cloud downtime with parametric coverage
January 27, 2026SSN Staff
DUBAI, UAE — Cloud infrastructure company Mantas announced its launch alongside a seed funding round to introduce parametric insurance for cloud outages.
The round totals $1.77 million and includes participation from Nuwa Capital, Suhail Ventures, Plus VC, OQAL Angel Syndicate, and strategic angel investors. The capital will support product development, risk modeling, and early customer deployments across the MENA region and North America.
The launch comes as reliance on hyperscale...
SolCyber partners with Converge to provide cybersecurity insurance for the mid-market
August 17, 2022SSN Staff
DALLAS – Forgepoint Capital company SolCyber is partnering with Converge to “redefine” cyber insurance for the mid-market.
SolCyber, which describes itself as the first modern Managed Security Service Provider (MSSP) announced their partnership in a release that the company said will dramatically improve the security posture and decrease business risk for small and mid-sized organizations thanks to enhanced coverage and a more efficient application process.
"When you have...
Nearly half of U.S. companies lack insurance coverage for cyberattacks
May 24, 2016SSN Staff
BLOOMFIELD, Conn.—A recent study from NTT Com Security, a global information security and risk management company, found that 49 percent of the U.S. companies surveyed currently do not have insurance specifically for cybersecurity attacks.
NTT Com Security surveyed 1,000 “non-IT business decision makers in organizations in the U.K., U.S., Germany, France, Sweden, Norway and Switzerland,” for the report.
“Faced with risks every day, it's easy for organizations to look for quick-fix...