Upfort

Cyber security & insurance unified

Specialty Solutions Growth Series A

Overview

Upfort is a cybersecurity and cyber insurance platform that unifies AI-powered security with robust cyber insurance to deliver comprehensive cyber risk solutions for businesses. Founded in 2017 as Paladin Cyber and rebranded in September 2023, the company makes cyber risk easy to manage and simple to insure through its integrated approach combining proactive security tools with insurance placement from leading carriers.

The platform serves the full cyber risk ecosystem, partnering with insurance carriers, MGAs, brokers, and agencies to offer end-to-end cyber protection for small and medium-sized enterprises. Upfort's AI-powered prevention and intelligent automation transform the economics of cyber risk management, resulting in fewer claims, lower loss ratios, and more efficient underwriting for all stakeholders.

Upfort has processed over $100 million in premiums and serves tens of thousands of organizations. An independent 18-month study of a leading cyber insurance program showed that policyholders who fully implemented Upfort Shield experienced an 80% reduction in claim likelihood, with zero ransomware and wire fraud claims filed.

Products & Services

Upfort Shield

Upfort Shield is a modular cybersecurity platform that delivers enterprise-grade protection to businesses of all sizes, proven to significantly lower the likelihood of ransomware, breaches, and other cybersecurity incidents.

Key Features

AI-powered email protection that identifies 34% more malicious URLs than Office 365 and 160% more than Google Web Risk
Web protection via browser extension with content filtering
Phishing simulations and security awareness training
Risk monitoring and continuous exposure identification
Endpoint and network protection
Real-time breach alerts

Target Users: SMBs, policyholders, insurance program participants

Underwriting Workbench

A platform for carriers and MGAs to build sustainably profitable SMB cyber programs through AI-powered underwriting tools and unique datasets.

Key Features

Digital submission hub with automated email workflows
AI-powered data extraction from applications
Continuous risk monitoring and intelligence integration
Augmented or fully automated underwriting models
Straight-through processing capabilities

Target Users: Carriers, MGAs, underwriters

Broker Cyber Risk Portal

A portal for insurance agencies and brokers to manage cyber risk for their clients and grow their book of business.

Key Features

Automated vulnerability scans powered by AI
Tailored cyber risk reports for prospects
Cross-sell opportunity identification within existing portfolios
Loss control tools with AI-powered defenses
Expert support access for cyber incidents

Target Users: Insurance agencies, brokers, risk advisors

Cyber Insurance Programs

Upfort works with leading insurers to deliver comprehensive cyber insurance coverage, including individual, group, and affinity programs.

Key Features

Cyber insurance policies from multiple carriers
Broad coverage including ransomware, data breaches, and wire fraud
Automated underwriting for faster quotes
Support for individual, group, and affinity programs

Target Users: Businesses seeking cyber insurance, associations, risk pools

At a Glance

Founded: 2017
Headquarters: San Francisco, CA
Employees: 51-200
Funding: Series A

Category & Focus

Category: Specialty Solutions
Subcategories: Cyber insurance platform cybersecurity-as-a-service underwriting automation
Insurance Verticals: P&C Commercial Specialty/E&S
Target Customers: Carriers, MGAs/MGUs, Brokers, Agents/Agencies