We're building a new kind of online business interruption policy designed for small business. Narrowly-focused and parametric in nature, this policy will begin paying out within 24 hours of a cyber incident - providing valuable cash-on-hand to help our customers weather the immediate storm.
To do this, we're also building a new way to model online cyber risk. We're building a machine that continuously collects the evidence of technology choices ecommerce businesses make - thousands of features per domain - and makes sense of this noise via machine learning. We believe that it is these behavioral vectors over time (not a point-in-time snapshot of a business's technology footprint) that best proxy cyber risk. We then use this prediction to determine pricing and generate a risk score that any business owner can use to lower their risk of downtime.
Over the past decade, our team has helped tens of thousands small businesses
with their IT and cybersecurity needs.
Our backgrounds include managing portfolio risk at Bridgewater Associates, the world's largest hedge fund; running web-scale infrastructure services at Rackspace, a leading cloud hosting provider that was obsessed with customer experience; and launching Lemonade, a disruptive insurance startup that is changing the way consumers think about and consume insurance.