Overview

Paladin Cyber offers cyber protection services specifically designed for small and medium-sized businesses (SMBs). Their services include risk assessments, security tools, user education, and forensic support, ensuring clients are prepared for and can recover from cyber incidents. What makes Paladin unique is their combination of cybersecurity software and insurance programs, providing both preventive measures and financial protection against cyber attacks. The goal of Paladin Cyber is to make effective cybersecurity accessible to SMBs, helping them become more resilient to cyber threats.

Simplify's Take

What believers are saying

• Increased demand for cyber insurance among SMBs boosts Paladin's market potential.
• Growing interest in integrated solutions aligns with Paladin's bundled service offerings.
• Advancements in AI-driven tools enhance Paladin's cybersecurity capabilities.

What critics are saying

• Emerging startups offering similar services at lower costs threaten Paladin's market share.
• Rapid AI-driven cyber threats may outpace Paladin's current technological capabilities.
• Potential regulatory changes could increase compliance costs, impacting profitability.

What makes Paladin Cyber unique

• Paladin Cyber offers a unique blend of cybersecurity and insurance for SMBs.
• The company provides automated risk assessments and on-demand cyber expertise.
• Paladin's dual approach includes proactive security and comprehensive insurance coverage.

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Funding

Total Funding

$15M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$8,000,000

Series A

Oct 2023

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

Ind Avg. $15M

$3.7M

$5M

$8M

$8.2M

$15M

$30M

View all funding stages