SecondSight
SecondSight is a private vertical AI company that builds cyber insurance underwriting and digital risk management software for carriers, brokers, MGUs, and reinsurers, anchored by its Shape risk intelligence engine and three role-specific workbenches.
- Company typePrivate
- Founded2022
- HeadquartersBloomington, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What SecondSight does
SecondSight (legal entity: Second Sight Data Discovery, Inc.) is a private, Bloomington, Indiana-based vertical AI company founded in October 2022 that builds software for cyber insurance underwriting and digital risk management. Its platform is organized around three workbenches—Underwriter Workbench, Broker Workbench, and Company Workbench—powered by a proprietary risk intelligence engine called Shape and a proprietary Alpha Deep Learning Model. Shape ingests any submission format (PDFs, scans, foreign-language documents) with greater than 97% accuracy, normalizes fields to underwriting rules, scores submissions against carrier appetite, models accumulation risk, simulates catastrophe scenarios, and visualizes portfolio exposure in real time.
The company serves carriers, MGUs, reinsurers, and brokers across 18+ markets via integrations with 24+ insurance carriers, and has named enterprise customers including Beazley, AXA XL, Tokio Marine, and Travelers, alongside wholesale broker partner INSUREtrust. Revenue is generated through tiered per-broker SaaS subscriptions (free Individual, $29 Teams, $49 Teams+ per broker per month, custom Enterprise), Company Workbench subscriptions (free Cyber Insurability, $65+/month monitoring), and transaction-level commissions on policy placement. Distribution combines a product-led freemium motion for individual brokers, direct enterprise sales, and a channel partner ecosystem that includes Optiv, Jackson Lewis, and a constellation of cyber risk monitoring and security technology partners.
SecondSight has raised approximately $14.7M in disclosed funding across a $3M seed round in October 2022 (led by Tim Crown) and an $11.675M round announced in April 2026, with Reuben Vandeventer as Founder/CEO and Tim Crown serving as Board Chairman. The platform is positioned by the company as starting with cyber but architected for the full commercial insurance lifecycle.
SecondSight firmographics
Firmographics- Name
- SecondSight
- Legal name
- Second Sight Data Discovery, Inc.
- Website
- https://secondsight.ai
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SecondSight is a private vertical AI company that builds cyber insurance underwriting and digital risk management software for carriers, brokers, MGUs, and reinsurers, anchored by its Shape risk intelligence engine and three role-specific workbenches.
- Ownership category
- akta.pro rank
SecondSight industry classification
Industry- Product category
- Cyber Insurance Underwriting Software
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Computer Systems Design Services (541512)
- SIC
- Insurance Agents, Brokers & Service (6411), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
- akta.pro secondary industries
- Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE), Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK)
Keywords
Where SecondSight is headquartered
LocationHeadquarters
- HQ city
- Bloomington
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SecondSight business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Broker Workbench SaaS Subscriptions: Tiered per-seat SaaS subscription for brokers. Individual tier is free annually; Teams tier at $29/broker/month; Teams+ tier at $49/broker/month; Enterprise at custom pricing. Revenue is recurring, billed monthly or annually.
- Company Workbench Subscriptions: Company Workbench Cyber Insurability is free; ongoing digital risk monitoring and additional features are available at plans starting at $65/month.
- Commission/Transaction Fees on Policy Placement: Brokers use the platform to quote, compare, and bind across 18 top-tier markets, generating transaction-based commissions. The platform facilitates policy placement and earns revenue through the quoting/binding workflow.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Annual | Individual — Free annual tier for individual brokers |
| Subscription | Monthly | Teams — $29/broker/month for small brokerage teams |
| Subscription | Monthly | Teams+ — $49/broker/month for larger teams with portfolio management |
| Subscription | Multi-year contract | Enterprise — Custom pricing for large brokerages and carriers |
| Freemium | Annual | Company Workbench Cyber Insurability — Free tier for companies seeking cyber coverage |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
SecondSight product offering
Product offeringCore offering
SecondSight provides a vertical AI platform purpose-built for cyber insurance underwriting and digital risk management. The offering consists of three integrated workbenches — Underwriter Workbench, Broker Workbench, and Company Workbench — powered by the Shape risk intelligence engine, the Alpha deep learning model, and the Exposurescape analytics module, automating submission ingestion, scoring, and portfolio management across the cyber insurance lifecycle.
Product overview
SecondSight is a vertical AI platform for cyber insurance underwriting and digital risk management. The flagship product is the Digital Risk Management Platform — an integrated, all-in-one ecosystem organized around three primary workbenches (Underwriter Workbench, Broker Workbench, and Company Workbench), augmented by the Shape risk intelligence engine, Exposurescape, the Alpha Deep Learning Model, and the Privacy Exposure monitoring service. Shape serves as the core AI engine powering the Underwriter Workbench's ingestion, scoring, and portfolio visualization capabilities. The Broker Workbench is a multi-tier SaaS product (Individual free, Teams $29/broker/month, Teams+ $49/broker/month, Enterprise custom) covering the Plan-Place-Retain lifecycle. The Company Workbench provides a free Cyber Insurability tier for businesses with premium monitoring from $65/month. The platform integrates with AMS/CRM systems at the Enterprise tier and connects to 24+ insurance carriers for quote, compare, and bind functionality.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 60–80% reduction in underwriting intake time
- +4 more outcomes
Companies that use SecondSight
Customer profileNamed customers6 records
Ideal customer profiles3 records
SecondSight technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability9 records
Feature10 records
SecondSight partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and peripheral.
- INSUREtrustcoreSecondSight and INSUREtrust partnered in June 2023 to transform mid-market cyber insurance distribution. INSUREtrust's Cyber Secure Platform integrated SecondSight's AI-driven platform for 'inside-out' underwriting. INSUREtrust is a pioneer of the cyber insurance industry (since 1997) and a subsidiary of Constellation Affiliated Partners.
- Jackson LewiscoreSecondSight and Jackson Lewis formed a partnership combining AI-driven digital risk assessment with legal expertise in privacy and cybersecurity law. Jackson Lewis provides legal guidance and recommendations to mitigate risks identified by SecondSight's platform. The partnership offers a year-long Privacy Exposure subscription to help businesses achieve digital privacy compliance.
- OptivcoreOptiv, a global leader in cybersecurity advisory services, partnered with SecondSight to enhance its insurability services. Optiv leverages SecondSight's platform to proactively identify and address risk factors, positioning clients favorably with insurance underwriters. The partnership combines Optiv's 450+ global reseller relationships and incident response expertise with SecondSight's risk assessment capabilities.
- CyberCubeperipheralCyberCube's cyber risk quantification tools are integrated into INSUREtrust's Cyber Secure Platform alongside SecondSight, providing complementary analytics for brokers and agents navigating the cyber market.
- DarkCubedperipheralDarkCubed's carrier-agnostic cyber-risk monitoring and rating services are offered through INSUREtrust's Cyber Secure Group platform alongside SecondSight.
- FortifyDataperipheralFortifyData's cyber-risk monitoring services are offered through INSUREtrust's Cyber Secure Group platform alongside SecondSight.
- Booz Allen HamiltonperipheralBooz Allen Hamilton provides endpoint detection, managed threat hunting, response solutions, and War Games & tabletop exercises through INSUREtrust's Cyber Secure Platform.
- CrowdStrikeperipheralCrowdStrike's endpoint detection solutions are offered through INSUREtrust's Cyber Secure Platform.
- TracepointperipheralTracepoint provides ransomware readiness, security posture assessments, O365 email assessments, virtual CISO services, and War Games & tabletop exercises through INSUREtrust's Cyber Secure Platform.
- Keeper SecurityperipheralKeeper provides privileged access management tools through INSUREtrust's Cyber Secure Platform.
- Sollensys CorpperipheralSollensys Corp provides blockchain archive tools for segmented backup implementation through INSUREtrust's Cyber Secure Platform.
- ACORDperipheralSecondSight co-hosted a hybrid event with ACORD in May 2024 on 'Exposure Management for Digital Risk: Visualizing and Measuring Previously Unseen Risks,' demonstrating strategic alignment with the insurance industry's standards organization.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
SecondSight competitors and assessment
Company assessmentDirect peers
- CyberCube: Cyber risk analytics platform for insurance carriers, brokers, and reinsurers. Highly comparable to SecondSight's Exposurescape and Shape components for accumulation modeling and cyber underwriting intelligence, and is integrated alongside SecondSight in the INSUREtrust Cyber Secure Platform.
- SecurityScorecard: Cyber risk ratings and continuous monitoring provider used by insurers and brokers for underwriting inputs. Comparable to SecondSight's continuous digital risk scanning and Digital Risk Profile components.
- Bitsight: Cyber risk management and ratings platform used by insurers for underwriting and exposure management. Overlaps with SecondSight's Shape and Exposurescape on risk scoring and accumulation analytics.
Emerging players
- At-Bay: Cyber insurance MGU offering both risk-bearing capacity and a technology platform for brokers and policyholders. Competes with SecondSight for the same cyber underwriting and broker enablement mindshare, with an integrated security monitoring layer analogous to SecondSight's continuous risk monitoring.
- Coalition: Cyber insurance and risk management company serving brokers and businesses with continuous monitoring, underwriting, and claims. Directly comparable to SecondSight's end-to-end lifecycle thesis and competing for the same broker-carrier-insured triangle.
- Cowbell Cyber: AI-driven cyber insurance provider for small and mid-sized businesses, using continuous risk signals to underwrite. Comparable in combining continuous external risk monitoring with broker-friendly distribution.
- Corvus Insurance: Cyber insurance MGU leveraging data and risk signals for underwriting and portfolio management. Competes for the same broker-carrier distribution channel that SecondSight serves.
- Resilience: Cyber insurance and risk analytics company combining underwriting with continuous risk monitoring for mid-market and enterprise insureds. Comparable in end-to-end cyber underwriting and risk data integration.
Broad incumbents
- Guidewire (Cyence / HazardHub): Core insurance platform vendor with cyber risk analytics assets (Cyence) used by carriers for underwriting decisions. A broader incumbent competing for the same underwriting workflow budget.
- Verisk (cyber offerings): Large data analytics and insurtech provider with cyber underwriting and portfolio management capabilities. A broad incumbent offering overlapping functionality as part of a wider insurance analytics portfolio.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
SecondSight social profiles
Digital presenceSecondSight financial estimates
Financial estimateRevenue estimate
Valuation estimate
SecondSight leadership team
Management profileNumber of profiles
Profiles17 records
SecondSight funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SecondSight M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SecondSight
What does SecondSight do?
SecondSight provides a vertical AI platform purpose-built for cyber insurance underwriting and digital risk management. The offering consists of three integrated workbenches — Underwriter Workbench, Broker Workbench, and Company Workbench — powered by the Shape risk intelligence engine, the Alpha deep learning model, and the Exposurescape analytics module, automating submission ingestion, scoring, and portfolio management across the cyber insurance lifecycle.
Is SecondSight a public or private company?
SecondSight is a private company. It is classified as venture growth investor backed and is currently operating.
When was SecondSight founded?
SecondSight was founded in 2022. It employs 11 to 50 people.
Where is SecondSight based?
SecondSight is headquartered in Bloomington, United States, in the North America region.
How does SecondSight make money?
Three revenue lines are on record. Broker Workbench SaaS Subscriptions are the primary driver. The others are company Workbench Subscriptions and commission/Transaction Fees on Policy Placement.
Who are SecondSight's main competitors?
Direct peers on record are CyberCube, SecurityScorecard and Bitsight. Emerging players are At-Bay, Coalition, Cowbell Cyber, Corvus Insurance and Resilience. Broad incumbents are Guidewire (Cyence / HazardHub) and Verisk (cyber offerings).
Does SecondSight have an API?
No public API is recorded for SecondSight.
What industry is SecondSight in?
SecondSight's product category is Cyber Insurance Underwriting Software. Its primary akta.pro industry code is FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS), with a secondary code of FSAGAGAE, Data, Analytics & AI for Insurance (Risk, Pricing, Personalization). Its NAICS code is 524292 and its SIC code is 6411.