Company: Corax
Founder: Jonathan Pope and Tom Beale
Website: https://www.coraxcyber.co/
Description: Cyber risk modelling and prediction platform
Founded in 2014 in London and San Francisco to be at the heart of insurance and technology, Corax has grown to over 200 users worldwide since being commercially available in late 2017.
Corax is a cyber risk modeling and prediction platform which leverages its proprietary data on the security and technology resilience of more than 10 million interconnected companies to provide faster and more accurate benchmarking, predictions and expected loss costs of cyber events to individual and groups of companies worldwide. By using predictive cyber models that are validated by the insurance industry and driven by the most extensive data available, Corax is a leading provider of financial and probabilistic quantification of cyber risk at micro and macro economic levels and in identifying potential ‘points of failure’ in services, service providers and service locations across portfolios and across the internet.
Corax is used by (re)insurance carriers to accurately underwrite and manage cyber risk exposure, and by insurance brokers and agents to provide clients with precise cyber risk assessment and cover recommendations. Corax also unlocks value in cyber for insurers, brokers and information security consultancies seeking targeted B2B lead generation. Corax supports a wide range of other business challenges requiring cyber insights, such as cyber risk management, compliance and third party assessment, investment due diligence and corporate credit rating.
The company has an estimated funding of $5.2 million (Crunchbase).
