Surance.io

Company Overview

Snapshot

Founded in March 2017 by Saar Bar and Darren Gradus, Surance.io operates with 1–10 employees. The company has raised $4 million across one funding round from two investors. In April 2022, Surance.io closed a Series A funding round.

Business overview

Surance.io develops insurance products and services tailored for Internet of Things (IoT) assets, operating within the Cyber Security and Insurtech sectors. The company leverages a risk-prediction model to facilitate digital sales, automated underwriting, and digital claims processing for cyber insurance on IoT devices. Its flagship product, Home Safety Net, scans connected home devices, identifies risks, and offers personalized cyber insurance covering physical and media damages, serving consumers in the United States, Canada, and Israel.

Strategic signal

In April 2022, Surance.io successfully closed a $4 million Series A funding round. This capital infusion signals investor confidence in the company's innovative approach to IoT cyber insurance and its potential to scale its risk-prediction model and digital insurance offerings, positioning it for further product development and market expansion.

Company Intelligence Q&A

What is Surance.io's primary focus?

Surance.io specializes in providing insurance products and services for Internet of Things (IoT) assets, utilizing a risk-prediction model to streamline digital sales, underwriting, and claims processing for cyber insurance.

When was Surance.io founded and by whom?

Surance.io was founded in March 2017 by co-founders Saar Bar and Darren Gradus.

What is the Home Safety Net product?

Home Safety Net is Surance.io's first product, designed to scan connected home devices, provide risk alerts, recommend threat avoidance strategies, and offer personalized cyber insurance that covers physical and media damages.

Which markets does Surance.io serve?

Surance.io targets geomarkets including the United States, Canada, and Israel.

What was Surance.io's most recent funding event?

In April 2022, Surance.io closed a $4 million Series A funding round with participation from investors Plug and Play and Tech Mahindra.