The offering will tackle a lack of coverage in the UK tool insurance market.
The extension with investor ION Crossover Partners brings the Series D round to $205m.
It also includes new investors Tareyton Venture Partners and ff Venture Capital Poland.
Investors include BXR Group, Shell Ventures, Hambro Perks Leaders and Woodside Holdings.
The firms said their alliance will help prevent cyber risks becoming consequential breaches.
Investors included Vestigo Ventures, Plug & Play Ventures and Dreamit Ventures.
The COVID-19 pandemic triggered an unprecedented increase in cyber crime which, in turn, caused insured losses from cyber to skyrocket. In tandem with this, demand for cyber insurance protection, partly driven by surging ransomware demands, is seeing exponential growth.
CyberCube, AM Best and Aon call for further clarification of cyber coverage in commercial property policies.
The executive has over 25 years of engineering leadership experience.
Five key takeaways from the Intelligent Insurer webinar titled “Streamline your financial data management to increase profitability” and sponsored by AutoRek, also with speakers from AIG and Aspen.