Cork Secures Investment to Enhance MSP Cybersecurity Solutions
Cyber warranty vendor Cork has secured an investment from Top Down Ventures to scale operations, enhance its platform, and address the growing demand for integrated technical and financial cybersecurity solutions. This investment is part of Top Down’s newly launched Founders Fund I, marking one of the fund’s inaugural investments and reflecting a shared vision for advancing Managed Service Providers (MSPs) through cutting-edge technology.
The funding will help expand Cork’s account management team and engineering capabilities. The company has already added three team members in December, with plans to hire 10 more in 2025. This investment represents the first of several planned rounds over the next 18 months, though the financial terms of the deal were not disclosed.
Cork’s innovative approach to safeguarding Small and Medium-sized Businesses (SMBs) and MSPs from evolving cyber threats has garnered confidence from Top Down Ventures. The investment brings together industry veterans Chris Day, founder of Top Down Ventures and CEO of ScalePad, and Austin McChord, founder of Outsiders Fund and software vendor Datto, who aim to help Cork scale and become an indispensable platform for MSPs.
Cork distinguishes itself with its $500,000 cyber warranty, which fills gaps left by traditional insurance policies. Unlike traditional insurance, which may delay payouts or exclude certain costs, Cork’s platform provides instant funds for expenses ranging from incident response to team logistics. This solution simplifies the process and reduces costs, making cybersecurity coverage accessible to more businesses.
The company has revealed plans to extend its partnerships with up to 50 insurance carriers, aiming to offer more comprehensive and cost-effective solutions to SMBs, where about 80 percent currently lack adequate cyber insurance coverage. In 2024 alone, Cork assisted with over 1.1 million compliance events, enabling MSPs to pinpoint and resolve risks swiftly. The company focuses on actionable insights, empowering MSPs to make immediate decisions that secure their clients’ environments.
Cork’s commitment to MSPs is reaffirmed by its role as a partner-first organization. With a roadmap focused on scaling partnerships, enhancing platform integration, and advancing cybersecurity frameworks, Cork is positioning itself as a pivotal ally in the MSP ecosystem. The company emphasizes its dedication to ensuring that MSPs and their clients are secure, successful, and resilient.
Cork’s platform helps maintain continuous compliance for clients, ensuring that security policies are always enforced. The company’s partner program for commercial cyber insurance brokers aligns perfectly with its offerings, providing comprehensive coverage and closing significant gaps in cyber insurance. The investment from Top Down Ventures will support technology development and accelerate the launch of new solutions, further solidifying Cork’s position in the MSP cybersecurity landscape.
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