PR98672

TORONTO, Nov. 8, 2022 /PRNewswire=KYODO JBN/ --

Toronto-based global cyber insurtech, BOXX Insurance, today announced the

acquisition of Templarbit, a cyber threat intelligence platform that makes it

simpler for businesses to stay ahead of digital threats.

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With teams in Palo Alto and Los Angeles, Templarbit was founded by Bjoern

Zinssmeister in 2017. Templarbit has built state of the art technology that

alerts companies when their platform identifies vulnerabilities in their

network that hackers can exploit. The platform autonomously discovers,

classifies and analyzes an organization's entire landscape of digital assets,

the unique risk profile for each digital asset and the real business costs that

would be incurred if a digital asset was compromised.

The closure of this deal gives fast-growing BOXX additional momentum to pursue

its vision of making the world a digitally safer place.

"Bringing Templarbit's team and technology in-house was a natural next step for

us," says Vishal Kundi, BOXX's Co-Founder and CEO. "It shows how strategically

important we believe proactive cyber risk protection is to the continued growth

of our business. We are excited to welcome Bjoern and the Templarbit team to

BOXX.

"The Templarbit technology platform has demonstrated that it is possible to

deliver both effective and affordable cybersecurity capabilities to the small

and midsize business segment using intelligent automation and threat

intelligence," says Bjoern Zinssmeister, Co-Founder of Templarbit, who joins

BOXX as Head of Engineering, BOXX Labs, BOXX's newly formed R&D division. "This

is an incredibly exciting time to be joining the BOXX family, and I look

forward to what's next."

About BOXX Insurance

BOXX Insurance Inc. helps businesses, individuals and families insure and

defend against cyber threats. BOXX Insurance Inc. is privately-held with

headquarters in Toronto, Canada. BOXX's vision is to help businesses,

individuals and families stay ahead of, respond to and recover from cyber

threats, putting their digital safety first. For further information, please

visit www.boxxinsurance.com

About Templarbit

Founded in 2017, Templarbit was incubated at Y Combinator and is a next-gen

security company focused on building modern solutions that empower a new

generation of security teams. By building solutions from the ground up to be

cloud native and powered by data intelligence, Templarbit has redefined the way

we perform assessments on a company's security posture. With the ability to

continuously monitor web assets and the risk they may expose companies of all

sizes now have a way to build a scalable risk management program.

Media contact: alex.tomaszewski@boxxinsurance.com

SOURCE: BOXX Insurance