[Funding alert] London-based Kynd Secures an Undisclosed Amount Funding

Friday 16, 2024 | By Startup Rise EU

London-based Kynd Secures an Undisclosed Amount funding. Verisk and BGF participated in the round. The money will be used by the business to advance both its objectives for international expansion and its ongoing development of cyber risk solutions.

London-based Kynd Secures an Undisclosed Amount funding. Verisk and BGF participated in the round. The money will be used by the business to advance both its objectives for international expansion and its ongoing development of cyber risk solutions.

Read also - Dutch-based Amazec Photonics Secures €1.5 Million in Seed Funding

Kynd, established in 2018 by Andy Thomas and Melanie Hayes, is a cyber risk monitoring tool that provides continuous and immediate insights into an organization's cyber risk profile. It facilitates quick and well-informed decision-making throughout the cyber ecosystem by providing actionable and transparent cyber risk intelligence.

Private equity businesses like Phoenix Equity Partners and insurers and brokers like Beazley, Howden, and Alliant employ Kynd's solutions. With a committed staff now stationed in Austin, Texas, the business has also grown into the US.

Read also - Helsinki-based Vapaus Secures €15 Million in a Debt Funding

Andy Thomas said: “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.”

About KYND

That's going to change with KYND. All businesses can easily monitor and understand the cyber risks they face, take appropriate action when needed, and be notified to future dangers as they occur thanks to KYND's cutting-edge, industry-first, and patented cyber risk management system.

Read also - Copenhagen-based Go Autonomous Secures €10 Million in Series A Round Funding

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