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Paladin Cyber

Cybersecurity software and insurance for SMBs

Overview

Paladin Cyber provides comprehensive cyber protection for small and medium-sized businesses by combining cybersecurity software with insurance programs. Its offerings include automated risk assessments, security tools, user education, on-demand cyber expertise, forensic support, and system recovery. The product works as a subscription-based service that delivers preventive security measures and ongoing support, and is reinforced by insurance partnerships to mitigate financial losses after an incident. The company differentiates itself by offering a dual-layer solution that pairs proactive cybersecurity with insurance coverage, specifically targeting SMBs that often lack in-house resources, and by pursuing holistic risk management rather than standalone tools. Its goal is to make SMBs as resilient to cyber threats as larger enterprises through accessible protection and risk financing.

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About Paladin Cyber

Simplify's Rating
Why Paladin Cyber is rated
C
Rated C on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Enterprise SoftwareCybersecurityFinancial Services

Company Size

11-50

Company Stage

Series A

Total Funding

$15.1M

Headquarters

San Francisco, CA

Founded

2017

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Simplify's take

What believers are saying

  • Upfort raised an $8M Series A in 2025, extending runway for expansion.
  • The company claims tens of thousands of organizations now use its platform.
  • Recent 2026 partnerships with Markel and Arch validate product-market fit with carriers and brokers.

What critics are saying

  • Insurance distribution dependence leaves Upfort exposed if Markel or Arch reprices or exits.
  • Paladin Data Insurance Corp. remains the regulated bottleneck for all insurance revenue and compliance.
  • Crowded cyber-insurance incumbents can copy embedded security, compressing margins within 12 months.

What makes Paladin Cyber unique

  • Upfort combines cyber insurance and controls, unlike point-solution SMB security vendors.
  • Markel collaboration, announced February 19, 2026, embeds Upfort Shield into policyholder coverage.
  • Arch partnership, announced 2026, pairs automated underwriting with embedded security for brokers.

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Funding

Total Funding

$15.1M

Below

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8M
$8.2M
$15M
$30M

Company News

Martech Edge
Sep 26th, 2025
Upfort Raises $8M for Cyber Security

Upfort, a cyber security and insurance platform, raised $8 million in Series A funding led by SYN Ventures, with participation from Eniac Ventures and Fika Ventures. This investment supports Upfort's mission to enhance cyber resilience by simplifying insurance processes and reducing clients' exposure to cyber threats. Upfort's platform offers risk management tools and insurance policies, significantly decreasing security breaches and claims. The company recently rebranded from Paladin Cyber to Upfort.

SiliconANGLE Media
Oct 26th, 2023
Upfort secures $8M to improve cybersecurity and insurance solutions

Upfort secures $8M to improve cybersecurity and insurance solutions - SiliconANGLE

Coverager
Sep 27th, 2023
Paladin Cyber Is Now Upfort

Paladin Cyber, a provider of cyber security and insurance, has changed its corporate name to . Upfort, <i class="fa fa-info-circle company-popover" data-content="h3Upfort/h3. div

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