Upfort Named a Winner of the 2023 BIG Awards for Business and Pan Finance Awards 2023

Upfort recognized as ‘Startup of the Year’ by Business Intelligence Group and ‘Cyber Insurance Provider of the Year - USA 2023’ by Pan Finance

SAN FRANCISCO--(BUSINESS WIRE)--Upfort, a cutting-edge cyber security and insurance platform, today announced that it was named “Startup of the Year'' by Business Intelligence Group and “Cyber Insurance Provider of the Year - USA 2023” by Pan Finance.

Coming on the heels of two other esteemed award wins in 2023 – including another from Business Intelligence Group – these industry accolades further position Upfort as a breakthrough startup that protects businesses from cyber risk and offers holistic cyber security and insurance solutions in one streamlined platform. With an estimated 16 ransomware attacks occurring every second and the average data breach costing $4 million, cyber insurance has rapidly emerged as a business non-negotiable that directly affects an organization’s bottom line.

“We’re honored to receive two additional recognitions that attest to both the ingenuity of our platform as a whole and the strength of Upfort’s cyber insurance offering,” said Xing Xin, CEO and co-founder of Upfort. “Upfort has been on a relentless growth trajectory over the past year, and these latest achievements help validate the immense progress we’ve already made in accelerating the world’s journey toward cyber resilience. As we usher in 2024, we remain laser focused on bridging the gap in holistic cyber protection and providing broad insurance coverage to businesses at scale.”

The BIG Awards for Business celebrate companies, products and people that are leading and making a difference in their respective industries. In November, Upfort joined 80 global leaders as winners of this year’s program. Pan Finance Awards 2023 spotlight organizations and individuals that have excelled in their respective fields, measuring success through innovation, stewardship of the environment, and positive impact on society.

“In the spirit of achievement and excellence, we congratulate Upfort on their outstanding success in 2023. Their victory exemplifies the highest standards of innovation and business acumen,” said Maria Jimenez, chief nominations officer at Business Intelligence Group. “Kudos to all the winners who have demonstrated unparalleled excellence, collectively shaping the future of business. May this recognition inspire continued greatness in the years to come.”

Last year, Upfort was also honored by Business Intelligence Group with the prestigious Fortress Cybersecurity Award for “Organizational Excellence,” which highlights and recognizes solutions that take a holistic approach to integrating all aspects of cybersecurity.

Today’s announcement comes amid a series of pivotal company developments from Upfort in 2023. In December, Upfort and Arch Insurance (Arch) – a global provider of specialty risk insurance solutions and leading cyber insurance underwriter – partnered to expand access to cyber insurance programs for small and medium-sized enterprises (SMEs), associations and risk pools. Earlier last year, Upfort transitioned from Paladin Cyber and raised $8 million in a Series A funding round led by SYN Ventures. To learn more about Upfort, visit upfort.com.

About Upfort

Upfort is a leading platform for cyber security and insurance that provides holistic protection from evolving cyber threats. Founded in 2017 to expand global access to cyber resilience, Upfort makes cyber risk easy to manage and simple to insure. Upfort delivers turnkey security proven to proactively mitigate risk and comprehensive cyber insurance from leading insurers. With proprietary data and intelligent automation, Upfort’s AI anticipates risk and streamlines mitigation for hassle-free underwriting. Insurers, brokers, and risk advisors partner with Upfort to offer clients resilience and peace of mind against cyber threats. To learn more about Upfort, visit upfort.com.

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

About Pan Finance

Each quarter Pan Finance delivers key information through time-sensitive financial news covering world markets, industry analysis and c-suite level interviews. Content from renowned academics and leading professionals provides an accessible view of global trends, with a focus on finance, economics, infrastructure, technology and sustainability - www.panfinance.net