Zeguro: Empowering Cybersecurity for Small and Medium-Sized Businesses

Zeguro empowers small and medium enterprises to regulate cybersecurity processes, identifying cyber risks in people, processes, and technology. The company offers ongoing recommendations to alleviate cyber risk. Zeguro’s innovative, custom-tailored insurance helps businesses recover from the interruptions caused by hackers and attackers. For small & midsize enterprises that need protection from cyber risks, Zeguro saves time, money and worry by providing continuous, easy-to-use cyber risk assessment tools, mitigation services, and one-click cyber insurance.  

A Triumphant Journey

Zeguro was founded in 2016 with a mission to empower every organization to withstand the digital unknown. Based in San Francisco, the company closed $5 million in funding from a prominent group of investors to launch its Cyber Safety Platform to help companies assess and mitigate their cyber risks. The round was led by Mosaik Partners, joined by Healthy Ventures, Munich Re / HSB Ventures, QBE Ventures, Social Capital, Plug and Play, and Sparkland Capital.  

The Tech-Centric Founders

Zeguro was co-founded by two passionate leaders and cybersecurity experts Sidd Gavirneni and Dan Smith. Sidd is the CEO and Co-founder of Zeguro, a cyber security company focused on small and mid-size enterprises. Zeguro is changing the way SMEs approach cybersecurity, through its Virtual Cybersecurity Officer platform – combining risk assessment, mitigation, and insurance. Prior to Zeguro, Sidd was managing Polycom’s product portfolio while serving on their Information Security Board. He was also a portfolio consultant to security companies after a career as a software engineer. Sidd holds an MBA from IE Business School in Spain, and a Masters in Computer Science focused on information security. Dan is President and Co-founder of Zeguro. He is a 3rd generation entrepreneur who prior to founding Zeguro worked on many sides of the information security challenge. In his native Australia, Dan’s security engineering and architecture experience with government and corporate entities led to co-founding a number of companies there in the Security and Services space. Upon moving to the United States, he applied that experience to security and Infrastructure management at First Republic Bank and a number of high-tech companies.  

Contributing to Risk Management Across Industry

Approximately 60% of small to midsized (SME) businesses go out of business within six months of a cyber-attack.  Without cybersecurity and insurance solutions in place, these businesses and the economy as a whole are at risk. SMEs face challenges to their digital infrastructure just like big organizations do. But these organizations – typically less than $100 million in revenue, do not have the resources to hire a Chief Information Security Officer or Cybersecurity Officer. Zeguro gives them the tools to manage risks in their digital infrastructure, and the insurance to support them if they do suffer the impact of a cyber event. The result is that fewer SMEs will go out of business due to a cyber-attack.  

Accounting for Company’s Innovative Needs

Zeguro is unique in that it offers a combination of a technology platform for prevention and minimization of cyber risk as well as insurance for 100% cyber safety. Many other companies offer one or the other. With Zeguro’s hybrid solution, users of the cyber safety platform enjoy reduced cyber insurance premiums, much like good drivers enjoy lower car insurance premiums. Zeguro’s comprehensive cyber safety and cyber insurance solution: •  Continually assesses and helps mitigate risk. •  Covers all digital platforms including cloud services. •  Focuses on processes and employee training. •  Tailors cyber insurance premiums to the size, sector and risk profile of a company. •  Delivers a seamless insurance purchase process – provided quickly and within the platform. •  Offers a convenient solution for SMEs who are vendors to larger companies and need a cyber audit and insurance to protect their business relationships.  

Driving Force Towards the Road of Excellence

“As data becomes more prevalent and more valuable to organizations, and previously offline or centralized processes are being replaced by digital processes and de-centralized systems, cyber threats increase and the stakes are higher than ever before in our history,” said Sidd. Cloud services, big data, analytics, and automation all play a role in introducing vulnerabilities into systems if not carefully managed and can also be exploited by the most sophisticated cyber criminals.  

Performance Gaining Appreciation

Zeguro was named in the “Top 5 Cybersecurity Startup of 2019” by Business Computing World (BCW) in the UK in November 2018.  Prior to that, in July of 2018, Zeguro was chosen as a finalist for Startupbootcamp’s InsurTech incubator.  

Standing Strong Against Challenges

Zeguro is growing so rapidly that the founders are currently juggling building out new office space and team building along with closing sales and rapidly developing out its product and platform. Just your typical rapid-growth startup pains!  

Securing Networks for Tomorrow

Sidd believes cyber safety is rapidly becoming a mandate for all businesses, large and small. Those that don’t have processes and insurance in place to offset cyber threats and risk today can’t wait much longer to protect themselves. There is a significant opportunity for Zeguro, given its end-to-end hybrid solution that focuses on both prevention and the cure.