Cyber-Insurer Arceo.ai Raises $37 Million

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Arceo.ai secures enterprises from cyber threats using a blend of cybersecurity expertise, risk assessments, and risk transfer. They now have more funding to continue this mission.

The San Francisco based startup announced it raised $37 million in venture funding. The funds were raised by Founders Fund and Lightspeed Venture Partners, along with UL Ventures and CRV.

“We founded Arceo to create a new framework to solve cyber risk,” said Vishaal Harisprasad, CEO of Arceo, in a statement.”By blending cybersecurty, threat intelligence, and insurance into one platform, we believe we can unlock new solutions to make companies quantifiably more secure.”

Adds Arif Janmohamed, partner at Lightspeed Venture Partners, “Arceo’s founders bring a unique set of enterprise and military expertise to tackle an increasingly global threat – cybersecurity.”

In addition to the new funding, Arceo announced it has placed Hemant Shah, founder and former CEO of catastrophe risk modeling company RMS, on its board of directors.

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