Kovrr Overview
Kovrr's cyber risk quantification platform empowers enterprise decision-makers to manage cyber exposure more effectively by providing an in-depth risk analysis that drives actionable, financially justified decisions that align with broader business goals. Regardless of an organization's current framework, model, or risk register, Kovrr leverages the data and elevates the relative level of insight. Its enterprise-ready solution offers security teams a more granular, on-demand risk assessment that's communicable at the highest organizational levels.
Cumulative Funding Raised Over Time ($)
—Aug 2017
—Dec 2023
$50KJan 2025
$1.6MMay 2024
$7.0MSep 2019
Latest News
Driving Deeper Insights With a Managed CRQ Platform
New Partnership Between metafinanz and Kovrr
Measuring the Effectiveness of Cyber Security GRC
Communicating Cyber Risk at the Board Level: 7 Lessons for 2025
Materially Missing the Mark With Cyber Event Disclosure Rules
| Sector | Cyber Security |
Funding
| Total funding | $7.05M |
| Last funding | $50K |
| Stage | Seed |
| Rounds | 5 |
| Investors | 8 |
Team Members
5
Employees: 11-50
Web & Social Links
| Website | www.kovrr.com/ |
| Careers | Careers page |
Locations
התעשיה 9 ת.ד 57169, Tel Aviv-Jaffa, 6157101, Israel
Young St, London, UK
Photos & Videos
4 item(s)
Kovrr Business
Business models
B2B
Product stage
Released
Employees
11-50
Sector
Cyber SecurityGRC & VulnerabilityFintech & InsurtechInsurtechTarget Customer
Financial ServicesFinancial InstitutionsBanksGovernment & CityEnterprise & Professional ServicesEnterprisesIndustrial ManufacturingCore Technology
Platforms & InterfacesSoftwareTags (11)
predictive-analyticsunderwritingfintechinsurtechrisk-managementcyber-securityportfolio-managementinsurance-companiesartificial-intelligencerisk-assesmentsenterprisesGeographic Markets
GlobalKovrr Financials
$7.05M
Total funding
Undisclosed
Capital raised
$50K
Last funding
Seed
Funding stage
5
Total rounds
8
Investors
Cumulative Funding Raised Over Time ($)
—Aug 2017
—Dec 2023
$50KJan 2025
$1.6MMay 2024
$7.0MSep 2019
Private Equity Funding
SAFE
Jan 2025
$50K
StageOne Ventures
Seed
May 2024
$1.5M
StageOne Ventures
Undisclosed Round
Dec 2023
Undisclosed
Ocean Azul Partners (Lead)
Seed
Sep 2019
$5.5M
StageOne Ventures (Lead)
,
Innocells, corporate venture arm of Banco Sabadell, Izhak Nakar, Alma Mundi Ventures, Mindset Ventures
Seed
Aug 2017
Undisclosed
InsurTech Israel, Founders Factory
Kovrr Lifecycle
Cumulative Funding Raised Over Time
—Aug 2017
—Dec 2023
$50KJan 2025
$1.6MMay 2024
$7.0MSep 2019
All Events
SAFE
Jan 2025
$50K
StageOne Ventures
Seed
May 2024
$1.5M
StageOne Ventures
Undisclosed Round
Dec 2023
Undisclosed
Ocean Azul Partners (Lead)
Seed
Sep 2019
$5.5M
StageOne Ventures (Lead)
,
Innocells, corporate venture arm of Banco Sabadell, Izhak Nakar, Alma Mundi Ventures, Mindset Ventures
Seed
Aug 2017
Undisclosed
InsurTech Israel, Founders Factory
Kovrr News
20 articlesDriving Deeper Insights With a Managed CRQ Platform
New Partnership Between metafinanz and Kovrr
Measuring the Effectiveness of Cyber Security GRC
Communicating Cyber Risk at the Board Level: 7 Lessons for 2025
Materially Missing the Mark With Cyber Event Disclosure Rules
Cybersecurity GRC: Harnessing a Holistic Approach
9 Cyber risk management trends in 2025
growth-positive
New Study Assesses the Cyber Resilience of the Largest U.S. Enterprises
Kovrrs report on the cyber resilience of S&P 500 companies highlights the significant financial risks posed by cyberattacks, particularly ransomware. The study finds that eight firms face a 10% probability of losing 10% of their annual revenue due to cyberattacks. The report underscores the increasing threat of ransomware, with median payouts rising significantly in 2023. It also notes that while many S&P 500 companies are financially resilient to cyber events, extreme scenarios could lead to insolvency for some. The financial sector is deemed most resilient, while the services sector is most vulnerable. Kovrr emphasizes the importance of network visibility and resilience, highlighting ExtraHops RevealX platform as a tool for early detection and response to cyber threats.
growth-negative
5 Smart Ways CIOs Can Hedge Their 2025 Transformation Investment Plan
The article discusses the challenges CIOs face in planning digital transformation budgets amid economic uncertainties and technological advancements. It highlights the mixed economic signals, such as low inflation in the U.S. and sticky inflation in Europe, and the impact of AI on IT priorities. PWC has laid off 1,800 employees as part of restructuring its technology organization to focus on client services and generative AI. The article emphasizes the importance of strategic planning, scenario-based budgeting, and aligning IT investments with business priorities. It also suggests that CIOs should hedge their investments in AI with risk reduction strategies and seek force multipliers in app modernizations.
Layoffs
growth-negative
CrowdStrike IT outage could cost UK economy up to £2.3bn: Kovrr - Reinsurance News
In July, an automatic update of CrowdStrike’s Falcon sensor software caused a global IT outage affecting over 8.5 million Microsoft Windows machines. Kovrr estimates the economic impact on the UK to be between £1.7-£2.3 billion, due to business interruptions and response costs. The incident disrupted various sectors, including supermarkets, TV broadcasters, and airlines. While most systems were fixed within nine days, the event highlighted the role of cyber insurance in mitigating financial losses. Insurers like Beazley reported that the incident would not significantly impact their profitability. The event serves as a case study for insurance coverage in non-malicious IT disruptions.
growth-positive
Kovrr in CRQ Category in Gartner Hype Cycle | Cyber Risk
Kovrr, a cyber risk management company, has been recognized in the Gartner Hype Cycle for Cyber Risk Management. This recognition is seen as a testament to Kovrrs commitment to empowering enterprise decision-makers to manage cyber exposure more effectively. The companys platform provides financially quantified insights about the types of cyber events likely to occur and their potential ramifications. This allows organizations to prioritize risk mitigation action plans against those threats that are most likely to occur and cause significant financial losses. Kovrrs platform also helps CISOs communicate risk in monetary value, ensuring the total weight of cyber events is understood by everyone in the organization.
Customers
growth-positive
Kovrr Appoints Jack Freund, Ph.D., Distinguished Cybersecurity Risk Quantification Expert as Chief Risk Officer
Kovrr, a provider of cyber risk quantification (CRQ) solutions, has appointed Jack Freund as its Chief Risk Officer. Freund brings over 25 years of experience in cyber risk measurement and management, and his appointment is expected to strengthen Kovrrs leadership in providing solutions for cybersecurity, risk, and compliance professionals. Freunds expertise will be instrumental in enhancing Kovrrs product capabilities and setting a new industry standard in the financial cyber risk quantification field. The companys clients are expected to benefit from Freunds insights and experience.
Management ChangesCustomers
Kovrr Strengthens Relationship With Microsoft With Membership to the Microsoft Intelligent Security Association (MISA)
growth-positive
Kovrr launches CRIMZON framework - Reinsurance News
Cyber risk modelling firm Kovrr has launched its CRIMZON framework, formerly known as CRA-Zones, for managing accumulations of systemic cyber risk. The framework divides global regions into Impact Zones based on location, entity size, and industry type. The CRIMZON framework can be used to assess current threat levels, manage risk aggregation, improve portfolio diversification, and create targeted pricing structures. It also helps quantify the footprint of a cyber event, allowing for effective resource distribution and cost estimation related to cyber events.
CustomersPartners
growth-positive
Kovrr to help bolster Deutsche Rück's cyber modelling capabilties - Reinsurance News
Kovrr has collaborated with Deutsche Rück to support the reinsurers cyber risk modelling capabilities. Kovrr will provide a platform for validation analysis, offering re/insurers bottom-up models that utilize data corresponding to risk composition by territory, industry, and entity size. The collaboration aims to ensure proper accounting for all types of cyber risk events. Kovrrs financial cyber risk quantification solutions are well-suited for the reinsurance market and provide risk professionals with new insights. The collaboration is seen as a positive growth opportunity for Kovrr.
Partners
John Butler Joins Advisory Board of Cyber Risk Modeling Company Kovrr
growth-positive
Cyber Risk Modeling Company Kovrr Raises $5.5 Million
Tel Aviv-based predictive cyber risk modeling company, Kovrr, has raised $5.5 million in a funding round led by StageOne Ventures and Mundi Ventures, with participation from Banco Sabadell and other private investors. The funds will be used for product development and to accelerate the companys global growth. Kovrrs platform provides insurance carriers, reinsurers, and government regulators with data-driven insights to manage their cyber risk exposures. The company was founded in 2017 to help underwriters, exposure managers, and risk professionals keep up with the rapidly changing cyber risk landscape.
InvestmentExpand
growth-positive
Sapiens Expands its Partner Ecosystem with Kovrr, a Predictive Cyber Risk Modeling Firm
Sapiens International Corporation has expanded its partner ecosystem by partnering with Kovrr, a predictive cyber risk modeling firm. This partnership will enable UK insurers to comply with PRA regulations and manage cyber risk. Sapiens aims to maximize its open-API architecture and make innovative third-party and insuretech solutions available to its customers. Kovrrs platform provides real-time, data-driven insights to insurers and reinsurers regarding their cyber risk exposures. The partnership will help Sapiens clients meet new requirements and develop action plans by offering relevant solutions, including Sapiens IDITSuite for Property & Casualty, with Kovrrs cyber risk modeling platform. This will empower underwriters, exposure managers, and catastrophe modelers to meet the PRAs new standards. Sapiens views cyber risk as a crucial issue for insurers and believes that this partnership will help them better protect themselves and their customers.
Partners
Kovrr unveils cyber risk solution for insurance companies
Kovrr Launches Predictive Cyber Risk Modeling Platform for P&C Insurance Carriers
Kovrr Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 35 |
| Team members | 5 |
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Kovrr Internal
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Admin Info
| Confidence | 99/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515651560 |
| Crunchbase | kovrr |
| Phone | 0528475718 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2024-04-03T00:00:00.000Z |
| Created | 2016-09-25T00:00:00.000Z |
| Claimed | Yes |