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.
Cyence Headquarter Location
300 8th Ave
San Mateo, California, 94401,
United States
650-477-2600
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
1,341 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.
Fintech 250
248 items
Insurtech
1,798 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
8,717 items
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Cybersecurity
4,902 items
Fintech
7,344 items
US-based companies
Cyence Patents
Cyence has filed 10 patents.
The 3 most popular patent topics include:
- Computer security
- Computer security exploits
- Diagrams
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
Dec 23, 2021
An industry veteran of more than 25 years, Livingstone was CMO at CNA and VP at predictive analytics startup Cyence. Image source: Coalition.) Coalition , a San Francisco-based InsurTech backed by Swiss Re, Lloyd’s and Argo Group combining cyber security solutions and cyber insurance, has announced the appointment of Jennifer Livingstone as Head of Strategic Agency Management. Livingstone is an insurance industry veteran with more than 25 years of leadership experience in broker management, business development, marketing, underwriting, operations, and sales management at both insurance carriers and InsurTechs. Most recently, Livingstone served as Chief Marketing Officer at CNA Insurance (Chicago). She has an extensive background in underwriting and marketing Coalition’s key product lines, both cyber and executive risk insurance. Coalition describes its industry role as working with brokers across the U.S. and Canada, serving over 130,000 customers with digitally-powered insurance that can leverage large amounts of data to assess, mitigate, and measure risk for businesses. Shawn Ram, Head of Insurance, Coalition. “As Coalition continues to scale, Jennifer will play an integral role in expanding relationships with the insurance brokers that fuel our business,” comments Shawn Ram, Head of Insurance, Coalition. “She understands the importance of both innovation and product awareness to help brokers succeed in selling both cyber and executive risk insurance. We are excited to welcome her and deliver even more value to our broker partners.” Prior to joining CNA, Livingstone was a Vice President at Cyence, a Silicon Valley predictive analytics start-up focused on modeling cyber risk and accumulation for the financial services industry, which was acquired by Guidewire in 2018. At Cyence she was responsible for global sales and customer success. The majority of her career was spent at AIG (New York) where she served in roles of increasing responsibility in financial lines underwriting in New York, California, and at Lloyd’s of London. She ultimately ran the U.S./Canada distribution channel as SVP, overseeing a business development team of more than 150 members.
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 Cyence's competitors?
Competitors of Cyence include CyberWrite and 3 more.
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