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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 C on Differentiation

Industries

Enterprise SoftwareCybersecurityFinancial Services

Company Size

11-50

Company Stage

Series A

Total Funding

$15.1M

Headquarters

San Francisco, California

Founded

2017

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Simplify's Take

What believers are saying

  • February 2026 Markel collaboration expanded protection for U.S. cyber policyholders.
  • Arch Insurance partnered with Upfort in 2026 to sell embedded cyber programs.
  • September 2026 Axios coverage revived investor attention around Upfort's $8 million Series A.

What critics are saying

  • Carrier concentration threatens revenue if Arch or Markel reprices or exits in 2026.
  • Coalition, At-Bay, and Cowbell commoditize SMB cyber insurance faster than Upfort.
  • A severe claims cycle can wreck underwriting economics and collapse the hybrid model.

What makes Paladin Cyber unique

  • Upfort embeds security tools inside cyber policies, unlike standalone SMB security vendors.
  • September 27, 2023 rebrand from Paladin Cyber signaled a broader underwriting-plus-defense platform.
  • Automated risk assessments connect brokers, carriers, and SMEs inside one workflow.

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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

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

0%

2 year growth

-3%
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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