The funding round was led by Luge Capital, with additional participation from Desjardins Capital, Accelia Capital, Inovia Capital and angel investors from the cybersecurity industry.
Inscora was co-founded by Gabriel Tremblay (who co-founded Delve Labs, acquired by Secureworks), Pierre-David Oriol (former VP of Product at Delve Labs), and Guillaume Raymond (former Director of Engineering at Digital Health company Dialogue).
Inscora’s platform empowers insurance brokers with an advanced cyber brokerage approach, allowing them to “accurately and effortlessly” assess a company’s cyber risk posture, support their clients to integrate cybersecurity best practices, and accelerate the cyber insurance application experience.
The funding will be used to further develop the platform, expand the team, and launch the product in Canada and the US.
Gabriel Tremblay, CEO and Co-Founder of Inscora, commented: “We have spent our careers developing products that help organisations protect themselves against cyber attacks. Inscora represents a unique opportunity to apply this expertise to the ever-evolving field of cyber insurance and improve the efficiency of insurance brokers as well as the security posture of the insured clients. We are thrilled to have the support of such esteemed investors to help us now go to market.”
David Nault, General Partner at Luge Capital, added: “We have seen, first hand, how complex purchasing cyber insurance can be and the lack of tools available to the insurance industry to guide clients to implement stronger security measures within their organisations. Inscora is solving both of these important issues to support the ever-evolving cyber insurance industry.”
