VisibleRisk, which helps businesses understand and manage cyber risk, has received a $25m investment from Moody’s Corporation and Team8.
The RegTech company was founded in 2019 as a joint venture by Moody’s Corporation and Team8.
In addition to the funding, VisibleRisk has launched it Cyber Rating product. The new tool is designed to be a global standard for assessing corporate cyber risk.
Its Cyber Ratings are based on cyber-risk quantification, which enables companies to benchmark their cyber risks against those of their peers. This will help them better understand and manage the impact of cyber risk to their businesses.
The platform is enhanced through real-time monitoring, custom reporting and expert analysis to enable informed decision-making.
Team8 managing partner Nadav Zafrir said, “At a time of intense digital transformation, accelerating hyper-connectivity and hybrid working environments, confidence in digital infrastructure is of paramount importance to business leaders.
“Cyber risk and business risk are inextricably linked, and it is only by striking a balance between security, productivity, privacy and distributed working that enterprises can surmount these challenges while driving innovation. VisibleRisk enables executive leaders to get that right, and we’re excited about the business’ immense potential.”
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