The company has successfully funded $1.5 million. It is well-known for providing digital security insurance specifically designed for families and small and medium-sized businesses (SMEs). Along with key players in the insurance sector, venture capitalists Invisto.com.vc and Bossa Invest made this investment.

This round of funding demonstrates the faith that investors have in Bluecyber's mission. The company's goal in Latin America is to improve and democratize insurance coverage for digital life protection. According to Bluecyber CEO Eduardo Rocha's comments on the investment, this region boasts an estimated gross written premium (GWP) of $17.3 billion, making it an untouched market.

Bluecyber's creative approach to insurtech lies at the heart of its business operations. In the current digital era, the organization is leading the way in providing cyber insurance, an essential service. Bluecyber serves the needs of SMEs and families throughout Latin America by attempting to streamline the complicated world of insurance for digital life protection. The recent acquisition of Ismac.io, which improves Bluecyber's capacity for risk and compliance management, lends additional credence to this objective.

The new funding round is intended for a calculated growth throughout Latin America. It will also facilitate Bluecyber's service offering's integration of Ismac.io's Managed Detection and Response (MDR) platform. With the help of this technology, the insured portfolio may be continuously monitored, improving the company's capacity to handle security problems with effectiveness.

Bluecyber's all-inclusive strategy for cyber protection insurance extends beyond just paying claims. The business provides a range of services, such as antivirus software, vulnerability monitoring, risk management, incident response, and a help desk for technical problems. The goal of this comprehensive package is to maximize value for the insured while reducing the frequency and severity of claims.

Bluecyber was founded in 2021 and has since made a name for itself as a notable Managing General Agent (MGA) in the cyber insurance industry. The company takes great satisfaction in creating products that are focused on the needs of the consumer, building underwriting capacity with insurers and reinsurers, and inventing cutting-edge distribution methods.

Bluecyber partners with a range of non-traditional partners, such as internet providers and insurance brokers, in its digital-first strategy for B2B product sales. The company is committed to making cyber protection easier to use, as seen by its ambitious aim of reaching 10,000 subscribers by the end of 2024. Leading insurance group in Latin America, Seguros Sura, issues policies, guaranteeing adherence to all rules and regulations.