Boston-based cyber risk management firm CyberSaint reports it has raised $21 million in Series A funding led by Riverside Acceleration Capital.
Additional participating investors include Sage Hill Investors, Audeo Capital, and BlueIO.
CyberSaint’s deploys artificial intelligence to allow enterprises to simplify and automate cyber compliance and translate cyber risk into financial terms to assist in executive decision-making.
CyberSaint’s allows anyone to input their industry, company size, and revenue, and uncover their top industry risks and related National Institute of Standards and Technology (NIST) controls in seconds, giving the public access to insights based on the largest cyber loss dataset in the world.
The company, which launched in 2016, said it will use the funding to accelerate market expansion and and continue innovating its platform. Jerry Layden is chief executive officer.
“CyberSaint’s platform not only hits on the need for increased automation at the foundational compliance level but also the need to link controls to risks to make cyber risk management real-time,” said Rinki Sethi, CISO at BILL.
Topics Cyber Risk Management Funding
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