Cyber Sierra raises $4.3 million

Singapore-based Cyber Sierra, which bundles cybersecurity tools and insurance, has raised $4.3 million in a seed round led by Leo Capital, with participation from AppWorks, Credit Saison, and several angel investors.

Founded in 2021, the startup targets SMEs with a package that includes cybersecurity tools and insurance, offering up to $5 million in coverage. Through Cyber Sierra’s platform, businesses will be able to access a number of tools including threat alerts, intelligence feeds, anti-phishing, and vulnerability scans. Insurance products are backed by “leading global brokers and insurers.”

The startup is currently available in Singapore and it plans to expand to India in addition to other countries in the Southeast Asia region.

“Our goal is to serve every online business. In current times, cloud native companies have inevitably either already experienced data and security incidents, or will soon. Cyber Sierra aspires to build the best cyber experience for SMEs, offering a full suite of technology, insurance products and solutions to help companies compliantly strengthen their security posture as well as gain access to expert response and comprehensive insurance coverage when needed.” – Pramodh Rai, co-founder of Cyber Sierra.