CyberCube, a provider of cyber risk analytics for the re/insurance industry, has secured a sizeable investment of over $180 million from Spectrum Equity, a new cornerstone investor, which will be used to fuel the future development of the firm’s products and solutions to quantify cyber exposures. Spectrum Equity, a growth equity firm founded in 1994, joins CyberCube’s existing investors ForgePoint Capital, Hudson Structured Capital Management (Bermuda) Ltd, and MTech Capital, as a cornerstone institutional investor. With the additional capital from Spectrum Equity, CyberCube is even better positioned to deliver the analytic tools our insurance clients need to sustainably grow into the 2030s.”“CyberCube is a market-leading company that is transforming the way the insurance sector trades cyber risk. We’re excited to support the company and its management in expanding its product set and global reach in one of the most strategic growth areas for the insurance industry,” added Mike Farrell, Spectrum Equity Managing Director. Latham & Watkins LLP represented Spectrum Equity as legal counsel on the transaction, while Evercore acted as financial advisor to CyberCube, and Cooley LLP represented CyberCube as legal counsel.