Berlin, Germany
Baobab, founded in 2021, is a promising player in the cybersecurity and insurance industries. Headquartered in Germany, the company is focused on safeguarding small and medium-sized enterprises (SMEs) from cyber threats by combining technology, knowledge, and insurance solutions, as encapsulated in their slogan, "Baobab protects businesses from existing and emerging cyber threats using technology, knowledge & insurance."
Through its innovative approach, Baobab individually assesses and insures the cyber risk exposure of SMEs while implementing client-specific prevention measures. This is supported by research into machine learning-based risk evaluation, co-financed by Investitionsbank Berlin (IBB) and the European Regional Development Fund (ERDF).
The company's most recent funding round, dated 19 April 2023, involved a grant investment from Investitionsbank Berlin, strengthening its ability to innovate and expand its solutions. Investors looking for a unique blend of cybersecurity and insurance innovation may find Baobab to be a compelling investment opportunity.
Protos Labs