Cyber insurance sole agent BOXX Insurance has announced that it has acquired cyber threat intelligence platform Templarbit.
Founded in 2017 by Bjoern Zinssmeister, Templarbit’s technology allows businesses to know if their networks have vulnerabilities that hackers can exploit. Templarbit’s platform autonomously discovers, classifies, and analyzes an organization’s digital assets to generate a unique risk profile that lists the potential business costs if an asset is compromised.
Templarbit has teams in both Palo Alto and Los Angeles, CA. Following the acquisition, Bjoern Zinssmeister will be appointed Head of Engineering at BOXX Labs, his new R&D arm at BOXX Insurance.
“Bringing the Templarbit team and technology in-house was a natural next step for us,” said Vishal Kundi, co-founder and CEO of BOXX. “This demonstrates our belief in the strategic importance of proactive cyber risk protection to the continued growth of our business. We are delighted to welcome Bjoern and the Templarbit team to BOXX. I am excited.”
“The Templarbit technology platform has demonstrated that it can deliver effective and affordable cybersecurity capabilities to the SMB segment using intelligent automation and threat intelligence,” said Zinssmeister. It’s a very exciting time to join and I look forward to what’s next.”
In September, BOXX Insurance formed a strategic partnership with cybersecurity startup Cyphercor, which offers multi-factor authentication (MFA) solutions under the LoginTC brand.