Cyber insurance provider Resilience closes Series C round

US-based Resilience, which provides comprehensive insurance coverage and patented cybersecurity tools to mid-market companies, has closed an $80m Series C funding round.

The round was co-led by General Catalyst and Corey Thomas of Rapid7, with participation from Lightspeed Venture Partners, Founders Fund, Charles River Ventures, Shield Capital and Intact Ventures.

The investment comes as Resilience looks to expand in the middle market and embark on international growth. Enterprises in the middle market – manufacturing, agriculture, universities, hospitals, construction – underpin the American economy, Resilience said.

Resilience has built what it calls an Insure + Secure business model that provides both tailored insurance and security solutions to its customers. A team of in-house security engineers are engaged with clients from risk assessment to post-bind vulnerability monitoring.

This latest financing enables Resilience to accelerate delivery of its Insure + Secure solutions more broadly in North America and globally.

The company also works with government and the private industry to work to bridge the gap between insurance and security to support a framework designed to fight back against cybersecurity challenges.

David Fialkow, managing partner and founder at General Catalyst, said, “Resilience is building the leading cyber risk and response platform for the insurance industry, helping mid-market enterprises identify and integrate the best insurance and security solutions for their business needs. It’s more than risk mitigation – it is bespoke security solutions combined with an insurance policy that provides clarity and certainty.”

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