KYND announces major investment to drive cybersecurity solution

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KYND, a provider of cyber risk management solutions, has secured a substantial investment to propel its global expansion and further innovation. With a committed staff in Austin, Texas, KYND is well-positioned to serve its growing clientele, including brokers, insurers, and private equity firms, with user-friendly and efficient cyber risk management tools. The completion of a significant investment to support its growth and further development has been announced by KYND, a significant supplier of cyber risk management solutions.

KYND secures additional funding In conjunction with its existing investor BGF, a leading growth capital investor in the UK and Ireland, KYND has secured an investment from Verisk, a global leader in data analytics and technology. This latest investment is aimed at supporting KYND’s objectives of global expansion and the continual development of innovative cyber risk technologies. After receiving Series A investment from BGF in early 2022, KYND has increased the scope of its offering of innovative goods and solutions with a focus on the cyber management industry.

Also read: Security, anonymity and stability: Why proxy servers are an increasingly popular internet tool KYND builds U.S. presence Brokers, insurers, and private equity firms such as Howden, Alliant, Phoenix Equity Partners, and Beazley employ KYNS’s cyber risk management solutions. Furthermore, KYND has successfully built a U.S. presence, employing a committed staff from Austin, Texas. Also read: How to enhance cybersecurity after the Australian State Court database breach?

“The threat of cybercrime is rising; attacks are now a question of “when” not “if” and the risk of these occurring has knock-on effects across the broader landscape,” stated Andy Thomas, chief executive of KYND. “At KYND, we are committed to creating high-performing, efficient, and insight-rich tools that not only remove complexity & jargon, making cyber risks easy to identify, monitor and remediate but also enable rapid decision making in this dynamic ecosystem. We are excited to continue working with BGF and look forward to welcoming the Verisk team as we execute on our ambitious growth plans.”