Cyence
Founded Year
2014Stage
Acquired | AcquiredTotal Raised
$40MValuation
$0000Revenue
$0000About Cyence
Cyence empowers the insurance industry to understand the impact of cyber risk in the context of dollars and probabilities. Cyence's unique approach combines economic/risk modeling, cybersecurity and big data analytics to create an economic cyber risk modeling platform. Cyence's platform and analytics are leveraged by leaders across the insurance industry to help understand and manage cyber risk, as well as to roll out new transformative insurance products. Cyence was acquired by Guidewire Software in October 2017. Total consideration for the acquisition was approximately $275 million, or $265 million net of $10 million cash on hand. The company noted that consideration provided at closing will consist of net cash of approximately $140 million and approximately 1.6 million shares of newly issued Guidewire common stock. Of these shares, approximately 260,000 are in the form of deferred equity consideration, which are subject to the achievement of certain retention and operating milestones.
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Expert Collections containing Cyence
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cyence is included in 6 Expert Collections, including Regtech.
Regtech
1,453 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
Fintech 100
248 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Insurtech
4,106 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Artificial Intelligence
10,932 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Cybersecurity
6,705 items
These companies protect organizations from digital threats.
Fintech
8,095 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Cyence Patents
Cyence has filed 10 patents.
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/28/2016 | 9/3/2019 | Computer network security, Distributed computing architecture, Computer security, Cyberwarfare, Risk analysis | Grant |
Application Date | 3/28/2016 |
|---|---|
Grant Date | 9/3/2019 |
Title | |
Related Topics | Computer network security, Distributed computing architecture, Computer security, Cyberwarfare, Risk analysis |
Status | Grant |
Latest Cyence News
Oct 21, 2022
At-Bay is collaborating with Guidewire Cyence on the creation of the capability to quantify active CAT management.
Cyence Frequently Asked Questions (FAQ)
When was Cyence founded?
Cyence was founded in 2014.
Where is Cyence's headquarters?
Cyence's headquarters is located at 300 8th Ave, San Mateo.
What is Cyence's latest funding round?
Cyence's latest funding round is Acquired.
How much did Cyence raise?
Cyence raised a total of $40M.
Who are the investors of Cyence?
Investors of Cyence include Guidewire Software, New Enterprise Associates, Institutional Venture Partners and Dowling Capital Partners.
Who are Cyence's competitors?
Competitors of Cyence include Cyberwrite and 5 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Cyence to Competitors
Cyberwrite provides carriers, re-insurers, brokers, and managing general agents (MGAs) with a comprehensive solution for cyber insurance policy management. The company offers automated cyber insurance insights technology for cyber policy underwriting of potential and existing clients in order to optimize the sales process, reduce risks and maximize return on investment (ROI) on the product. It was founded in 2016 and is based in New York, New York.
CyberCube delivers cyber risk analytics for the insurance industry. The platform helps insurance organizations quantify the cyber risk to facilitate placing insurance, underwriting cyber risk, and managing cyber risk aggregation. The company was founded in 2015 and is based in San Francisco, California.
DynaRisk operates as an intelligence-led cyber-Insurance technology. The company helps (re)insurers become more profitable by providing risk management tools. The company was founded in 2015 and is based in London, United Kingdom.
Safe Security provides risk assessment and digital security Services. It offers services for companies to protect themselves from cyber-attacks. Safe Security was formerly known as Lucideus. The company was founded in 2012 and is based in Palo Alto, California.
DeNexus provides risk modeling for industrial organizations, global (re)insurers, and insurance-linked securities (ILS) investors. The company's platform, DeRISK, gives industrial enterprise and risk underwriters the ability to quantify and manage cyber risk exposure on a continuous basis. The platform is a self-adaptive, cloud-based technology that predicts where cyber breaches are likely to occur, values their impact on the business, and guides risk stakeholders toward the risk mitigation paths for their organization. DeNexus was formerly known as Spark-X. The company was founded in 2019 and is based in Sausalito, California.
Corax Cyber Security is a software company helping organizations and the insurance community make better decisions on cyber security actions and investments. Corax's Cyber Risk Analytics Platform quantifies cyber risk for organizations and their surrounding ecosystem and automatically shows how much insurance covers and what security measures offer the highest return on investment. This means customers get the right pricing and coverage for cyber insurance and can build a secure organization in the most cost-effective way. Corax was founded in 2013 and is based in Houston, Texas.
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