Inscora secures $2M to aid cyber insurance brokers assess risk.

TLDR:

• Montreal-based Inscora raises $2 million CAD in pre-seed funding.
• Former leaders from Delve Laboratories and Dialogue are behind the startup, which aims to help cyber insurance brokers sell policies and assess risk more efficiently.

Montreal-based startup, Inscora, has secured $2 million CAD in pre-seed funding to develop automated risk assessment and sales software for cyber insurance brokers. Founded by former leaders from Delve Laboratories and Dialogue, Inscora plans to launch its “value-added cyber insurance” platform by the end of 2024. The startup aims to help brokers provide better risk-adjusted premiums and increase sales conversion rates, ultimately improving client security postures. The pre-seed round was led by FinTech-focused Luge Capital, with support from other Quebec-based investors, including Desjardins Capital and Accelia Capital. Inscora’s founders bring a range of complementary capabilities to the table, with a background in cybersecurity risk assessments. The startup has already grown its workforce and plans to roll out its product in Canada and the United States by the end of the year.