Zurich invests in Canadian cybersecurity

01 February 2023 09:38

Zurich CCGreater ZurichSwiss Business Hub Canada

Zurich/Toronto - Zurich Insurance has led the latest Series B funding round for Canadian cyber insurance and security company BOXX. By making a significant investment, Zurich is strengthening its expertise in the area of cybersecurity.

BOXX, an insurtech based in Toronto in the Canadian province of Ontario, has raised a further US$14.4 million in a Series B funding round. According to a press release from the cyber insurance and security company, this brings the total amount raised from investors to US$24.5 million in the last 16 months. The latest Series B investment was led by Zurich Insurance Company Ltd., based in Zurich.

Through this investment, the global insurance group will benefit from deep technical expertise in building innovative cyber insurance solutions. BOXX is a strong partner currently protecting over 250,000 individuals and 10,000 businesses on matters of cyber insurance and security. BOXX co-founder and CEO Vishal Kundi explains that the company’s goal is “to help our customers stay ahead of cyber threats in addition to being there to help them respond and recover from an incident”. ww

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