Blackpanda raises $6.7 million
Blackpanda, a Singaporean company offering cyber services for businesses, has raised $6.7 million in funding from Singtel Innov8, Gaw Capital Partners, and WI Harper Group. This brings Blackpanda’s total Series A round size to an aggregate of $21.7m.
The funding coincides with the integration of Blackpanda Underwriting, which provides cyber insurance in partnership with Chaucer. This completes Blackpanda’s comprehensive cyber resilience offering, delivering a single solution for businesses to address challenges before, during, and after a cyber attack.
Blackpanda’s IR-1 addresses the entire cyber attack lifecycle. It ensures readiness through incident response preparation services enhanced by proactive Attack Surface Management, expedites response with 24/7 world-class incident response, and delivers automated access to financial recovery via comprehensive cyber insurance.
“Cyber attacks are an existential threat to businesses, yet most lack access to affordable emergency response services. Our IR-1 solution provides price-optimized, end-to-end cyber emergency response for a fixed-cost subscription. We envision a world where every business has access to essential cyber protection, and this funding brings us closer to realizing that vision.” – Gene Yu, Founder & CEO of Blackpanda Group.
“In today’s highly sophisticated threat landscape, it’s imperative for businesses to have the right cyber protections in place to protect their critical assets. We offer many services and solutions that help businesses to bolster their cyber resilience. Through our partnership with Blackpanda, we’re able to provide further support to small and medium businesses that are typically more at risk of attacks.” – Ng Tian Chong, CEO of Singtel Singapore.
“With the growing demand for cost-efficient and effective cyber incident response and cyber insurance across Asia Pacific, we see a significant opportunity for Blackpanda’s localized and segment-focused product suite to expand and grow in the region.” – Wan Kum Tho, MD Investments, APAC of Singtel Innov8.
