Inscora, an innovative Montreal-based startup specializing in automated cyber risk assessment and sales enablement for cyber insurance brokers, has successfully raised $2 million in its latest funding round. The investment, led by Luge Capital, includes contributions from Desjardins Capital, Accelia Capital, Inovia Capital, and notable angel investors from the cybersecurity sector.
Founded by Gabriel Tremblay, former co-founder of Delve Labs, Pierre-David Oriol, ex-VP of Product at Delve Labs, and Guillaume Raymond, previously Director of Engineering at Dialogue, Inscora’s platform aims to transform the cyber insurance landscape. The company’s solution enables brokers to streamline the evaluation of cyber risk, assist clients in adopting cybersecurity best practices, and expedite the insurance application process, ultimately driving better risk management and enhanced customer value.
Gabriel Tremblay, CEO and Co-Founder of Inscora, stated, “Inscora merges our deep cybersecurity expertise with the growing demands of the cyber insurance industry. This funding will accelerate our market entry and help us enhance our platform to better serve brokers and their clients.”
David Nault, General Partner at Luge Capital, emphasized the platform’s impact: “Inscora is addressing critical gaps in the cyber insurance market by providing tools that simplify risk assessment and encourage stronger security practices. Their innovative approach is set to elevate the industry standard.”
Editorial Opinion:
Inscora’s recent funding achievement highlights its potential to significantly impact the cyber insurance sector. By bridging the gap between complex cyber risk management and insurance brokerage, Inscora is positioning itself as a pivotal player in enhancing industry efficiency and client security.
The startup’s focus on automating risk assessment and streamlining insurance processes aligns well with the increasing complexity of cybersecurity threats. As companies and insurance brokers face evolving cyber risks, Inscora’s advanced platform promises to deliver valuable insights and accelerate insurance operations. This strategic investment not only strengthens Inscora’s growth prospects but also signals a positive shift towards more effective and efficient cyber insurance solutions.
If you need further assistance or have any corrections, please reach out to editor@thetimesmag.com.
