Verisk invests in KYND

Verisk has invested in KYND, a developer of a cyber risk monitoring platform designed to deliver instantaneous and continuous insights into the cyber risk profile of any organization.

Founded in 2018 and based in the UK, KYND publicly disclosed $6 million in funding. Business Growth Fund also participated in the round.

Last year, KYND entered the US market.

“Helping our clients address the risks associated with cyber events is one way we build resilience for the global insurance industry. We are excited to support KYND and find new ways of working together in support of Verisk’s clients in the global insurance market.” – Tim Rayner, president and CEO of Specialty Business Solutions at Verisk.

“The threat of cybercrime is rising; attacks are now a question of “when” not “if” and the risk of these occurring has knock-on effects across the broader landscape. At KYND, we are committed to creating best-in-class, efficient and insight-rich tools that not only remove complexity & jargon, making cyber risks easy to identify, monitor and remediate but also enable rapid decision making in this dynamic ecosystem. We are excited to continue working with BGF and look forward to welcoming the Verisk team as we execute on our ambitious growth plans.” – Andy Thomas, chief executive of KYND.

“KYND has developed an industry-leading platform that provides actionable insights on cyber risk posture. The business has demonstrated impressive growth and this new investment demonstrates our belief in the long-term potential of the company as it continues to scale.” – Rowan Bird, investor at BGF.