Citalid

Cyber risk quantification platform for underwriting decisions and portfolio risk management

Underwriting & Risk Growth Series A

Overview

Citalid is a cyber risk quantification (CRQ) SaaS platform for carriers, reinsurers, and enterprise risk teams. Founded in 2017 by former ANSSI (French national cybersecurity agency) experts, the platform converts cyber threat data into financial impact estimates that support underwriting decisions, portfolio accumulation analysis, and enterprise risk management.

The platform combines real-time threat intelligence -- monitoring over 700 cybercrime actors globally -- with AI-powered financial modeling to produce risk metrics, loss scenarios, and insurance recommendations. Product lines address enterprise security posture, insurer portfolio management, and third-party supplier risk assessment. The platform integrates with enterprise security tools and insurance platforms including Guidewire.

Citalid serves 100+ organizations across Europe and internationally, including 35% of the CAC 40 index and major carriers such as Allianz and Zurich. The company raised USD 13M across Seed and Series A rounds and is recognized in the Gartner Hype Cycle for Cyber Risk Quantification (2023) as the only European software vendor in the category.

Products & Services

Citalid Core

Enterprise-focused cyber risk assessment solution designed for CISOs and risk managers. Evaluates threat exposure and models the financial impact of cyber incidents to support security investment and risk transfer decisions.

Key Features

Threat exposure assessment against 700+ monitored cybercrime actors
Financial impact modeling with 1000+ predefined risk scenarios
Security posture optimization and prioritization

Target Users: Enterprise CISOs, risk managers, CFOs

Citalid Engine

AI-powered quantification engine that converts threat intelligence into probabilistic financial loss estimates, forming the modeling foundation of the platform.

Key Features

Dynamic risk scenario modeling with expert threat knowledge integration
AI-driven probability and severity forecasting
Real-time intelligence updates reflecting evolving threat actor activity

Target Users: Enterprise risk teams, insurance underwriters

Citalid Portfolio

Insurance portfolio analytics tool for managing cyber accumulation risk and supporting underwriting decisions at portfolio level.

Key Features

Portfolio-level cyber risk accumulation analysis
Underwriting decision support with quantified risk data
Systemic cyber risk modeling across book of business

Target Users: P&C and specialty insurers, reinsurers, portfolio risk managers

Citalid TPRM

Third-party risk management module launched in November 2025, extending cyber risk quantification to supplier and vendor assessment.

Key Features

Supplier cyber risk scoring and financial impact quantification
Vendor risk assessment integrated with enterprise risk posture
Applicable to enterprise procurement and insurer underwriting of supply chain exposures

Target Users: Enterprise procurement teams, insurers assessing supply chain cyber risk

At a Glance

Founded: 2017
Headquarters: Paris, France
Employees: 11-50
Funding: Series A

Category & Focus

Category: Underwriting & Risk
Subcategories: Cyber Risk Quantification Portfolio Risk Modeling Third-Party Risk Management
Insurance Verticals: P&C Commercial Specialty/E&S Reinsurance
Target Customers: Carriers, Reinsurers