Cyber Risk Analytics Company CyberCube Receives $180 Million Investment from Spectrum Equity
Pascal Millaire, CEO, CyberCube • Photo Credit: CyberCube
SAN FRANCISCO, October 1, 2025 (TECH INFO SCENE) – Cyber risk analytics company CyberCube has secured an investment of more than $180 million from growth equity firm Spectrum Equity. Spectrum Equity joins existing investors ForgePoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., and MTech Capital as a cornerstone institutional investor in the company.
According to CyberCube, the funding will advance the development of its software-as-a-service (SaaS) products designed to quantify cyber risk and strengthen its presence in global insurance, reinsurance, and broking markets. CyberCube’s analytics platform is currently used by more than 130 clients, including 75% of the top 40 U.S. and European cyber insurers and the majority of the top 20 global brokers.
“Cyber has the potential to become one of the largest lines of Property and Casualty insurance, as internet-connected technologies and artificial intelligence transform all corners of the global economy. With the additional capital from Spectrum Equity, CyberCube is even better positioned to deliver the analytic tools our insurance clients need to sustainably grow into the 2030s,” said Pascal Millaire, Chief Executive Officer of CyberCube.
CyberCube also announced the appointment of Scott G. Stephenson, former Chairman, President, and CEO of Verisk, as Chair of its Board of Directors. Stephenson has served on the company’s board since 2022.
“I am confident in the long-term growth of the cyber insurance sector and recognize in CyberCube’s mission the need for robust analytics tools to support this growth and assist cyber risk decision-making. As CyberCube scales the value it is driving for organizations and society, I’m excited to take a more prominent role in charting CyberCube’s course to success in this endeavor,” said Scott G. Stephenson, Chair of the Board of Directors of CyberCube.
“CyberCube is a market-leading company that is transforming the way the insurance sector trades cyber risk. We’re excited to support the company and its management in expanding its product set and global reach in one of the most strategic growth areas for the insurance industry,” said Mike Farrell, Managing Director of Spectrum Equity.
In 2025, CyberCube is launching several new solutions, including Exposure Manager (XM), a tool allowing (re)insurers to assess cyber risk across entire portfolios, and Portfolio Manager Version 6.0, which introduces enhanced catastrophe modeling capabilities. The company continues to integrate artificial intelligence into its analytics to improve risk quantification and decision-making.
Legal counsel for Spectrum Equity was provided by Latham & Watkins LLP, while Evercore acted as financial advisor and Cooley LLP served as legal counsel for CyberCube.
For more information, visit www.cybcube.com
Source: CyberCube
