Baobab Insurance Secures $12M Series A to Revolutionize Cyber Risk Protection for SMEs

Baobab Insurance is excited to announce a significant milestone in our journey to revolutionize cyber risk management for small and medium enterprises. We have successfully raised €12,000,000 in our latest funding round, further solidifying our commitment to protecting businesses from the ever-evolving threat landscape of cyber attacks. As a pioneering company dedicated to assessing, pricing, and insuring the unique cyber risk exposures of SMEs, we are driven by the mission to deliver bespoke insurance solutions that not only cover losses but also actively prevent breaches. Our unique approach integrates advanced machine learning-based risk evaluation research, enabling us to tailor client-specific prevention measures that significantly reduce the likelihood of potentially devastating cyber incidents. This innovative blend of insurance coverage and proactive risk mitigation sets us apart in an industry where traditional solutions often fall short. The fresh infusion of capital will be strategically allocated to expand our proprietary technology, enhance our research initiatives, and broaden our market reach. By investing in cutting-edge cybersecurity analytics, we aim to offer even more refined risk assessments and bolster our prevention strategies, ensuring our clients stay one step ahead of cyber adversaries. This funding round is proudly co-financed through strong support from Investitionsbank Berlin (IBB) and the European Regional Development Fund (ERDF), whose backing reinforces our shared vision of a secure digital ecosystem for businesses. With this new capital, Baobab Insurance is well-positioned to empower SMEs worldwide by providing robust financial protection and state-of-the-art cyber security insights, ultimately fostering a safer, more resilient business environment.