Arceo.ai

Arceo.ai, founded in 2016, operates as a cyber risk analytics and insurance platform, subsequently rebranding to Resilience. The company was established by a team with deep roots in the U.S. intelligence and military communities, including Vishaal "V8" Hariprasad and Raj Shah. Hariprasad's background includes serving as a cyber operations officer in the U.S. Air Force and the National Security Agency (NSA), experiences that shaped the company's approach to cyber defense. Shah also served in the U.S. Air Force and was previously the CEO of Morta Security, a cybersecurity firm acquired by Palo Alto Networks, where Hariprasad was also a co-founder.

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.

Keywords: cyber risk analytics, insurtech, cyber insurance, risk management, cybersecurity, underwriting platform, Vishaal Hariprasad, Raj Shah, risk modeling, security data analysis, SME cyber insurance, insurance automation, cyber resilience, threat intelligence, vulnerability assessment, risk transfer, data-driven insurance, cyber liability, security posture, risk assessment