The startup offers a cybersecurity platform that quantifies the risk of algorithm-driven attacks by calculating their likelihood and estimating potential financial impacts. It enables risk managers and security officers to simulate attacks and test applications, enhancing their ability to protect organizations from cyber threats.
Funding
$13.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations struggle to quantify cyber risk in financial terms, making it difficult to prioritize security investments and communicate risk exposure to stakeholders. Traditional risk assessments often rely on qualitative measures and lack the precision needed for informed decision-making regarding cybersecurity budgets and insurance coverage. This gap hinders effective risk management and resource allocation.
Solution
Citalid offers a Cyber Risk Quantification (CRQ) platform that provides financial clarity on cyber risks for enterprises and insurers. The SaaS platform uses real-time threat intelligence and financial modeling to dynamically assess an organization's unique risk profile. By simulating various attack scenarios and quantifying potential financial impacts, Citalid enables data-driven, strategic decisions related to cybersecurity investments and risk mitigation. The platform delivers actionable insights, allowing organizations to prioritize security measures and optimize their insurance coverage based on a clear understanding of their financial exposure.
Target Audience
The primary target audience includes CISOs, risk managers, and insurance managers within enterprises, as well as portfolio managers, account managers, and brokers in the insurance industry.
Features
- Dynamic risk assessment using real-time threat intelligence and financial modeling
- Simulation of thousands of risk scenarios to quantify potential financial impacts
- Tailored security and insurance recommendations based on risk assessment results
- Calculation of average reduction in financial exposure resulting from security investments
- Monitoring of hundreds of threat actors in real-time
- Integration of AI and risk expertise to address insurance challenges
- Support for Zero Trust Security initiatives