Arceo.ai

The firm's business is centered on bridging the gap between cybersecurity and the insurance industry. It provides a platform for insurance carriers to more effectively underwrite and manage cyber insurance policies. This is accomplished by translating raw security data into actionable insurance knowledge, analyzing an enterprise's security posture alongside broader cyber risk trends. The target market includes insurance carriers and brokers, with a specific focus on small-and-medium-size enterprises (SMEs), which represent the fastest-growing segment of the cyber insurance market. Revenue is generated through the sale of cyber insurance and licenses for its Resilience platform.

Arceo.ai's core offering is a platform that leverages artificial intelligence for advanced risk assessment and workflow automation, enabling insurers to scale their cyber insurance operations. It collates risk data from global sources to produce insights and analytics for carriers, brokers, and the insured parties themselves. This enhances underwriting accuracy, speeds up the quoting process, and offers insured businesses clear guidance on improving their cyber resilience. A significant milestone for the company was securing $37 million in funding in 2019, led by Lightspeed Venture Partners and Founders Fund, which was intended to expand its operations. In 2018, the company received a second round of funding and rebranded as Resilience, evolving its platform to offer a more holistic cyber risk management solution that connects insurance with cybersecurity risk.