Circuit announces investment from Lloyd’s

Digital asset recovery startup Circuit announced an investment from Lloyd's. Previously, the startup raised $4.5 million.

Circuit, which was part of the Lloyd’s Lab, is also introducing a new benefit that can unlock premium discounts of up to 15% from “some of the biggest insurers in the market.” The benefit is available to Circuit customers who implement its Response product, which automatically moves assets to a safe location when a system is breached.

Founded in 2023 and based in NY, Circuit claims to be the first system that enables asset recovery even when private keys are lost, stolen, or inaccessible.