https://techcrunch.com/2023/01/31/guardz-emerges-from-stealth-with-10m-for-smb-security-and-cyber-insurance-to-protect-against-attack-as-a-service-breaches/

Small and medium businesses have become a growing target for malicious online hackers in recent years, currently accounting for between 43% and 61% of all security breaches and some $7 billion annually in related losses, according to different estimates. Today, a startup called Guardz is emerging from stealth with a two-part offering aimed at protecting them: a SaaS-based set of low-code security tools designed for businesses using cloud services, designed to be implemented without any specific security or advanced technical expertise; and insurance to help cover organizations in cases where something is disrupted. The startup is launching initially in the U.S., and along with that, it’s announcing $10 million in funding.

The funding is coming on the heels of some very early traction. In a closed beta, Guardz says it has already picked up 300 customers. The average number of employees in its current cohort of users is 30-40 per business, and the plan is to target organizations of between 10 and 250 people, with initial plans starting at $9/user/month.