SecondSight raises $3 million

Cyber insurance startup SecondSight has closed a $3 million seed round led by Tim Crown (co-founder of Insight Enterprises), with participation from Indiana Ventures, Cook Ventures, and Flywheel Fund, among other investors.

Founded in 2019, SecondSight’s platform “autonomously discovers, classifies and analyzes an organization’s entire landscape of digital assets, the unique risk profile for each digital asset across thousands of different risk factors, and the real business costs that would be incurred if a digital asset was compromised.” The startup claims that it is supported by several carriers and MGAs.

SecondSight is led by Reuben Vandeventer. According to LinkedIn, Tristan Blakley, the CEO of Deeplight, an emerging cyber insurance startup based in Dubai, is also a co-founder of SecondSight.

“The cyber insurance gap is growing and the underwriting process for cyber insurance is getting increasingly more technical and time-consuming as requirements for getting coverage increase in complexity. SecondSight was created to help businesses make sense of their digital assets — and find the true digital risk and value in them. Before SecondSight, the marketplace has had a million different viewpoints on cybersecurity and digital risk. SecondSight recognizes that cybersecurity and true digital risk are really about assets and liabilities. Digital risk is only meaningful and actionable for business stakeholders when it’s connected to the bottom line. We founded SecondSight to offer a fundamentally different approach to underwriting that connects the entire digital risk ecosystem while offering a powerful autonomous system.” – Reuben Vandeventer, CEO and founder of SecondSight.