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Covr Financial Technologies, Americo and SCOR Join Forces to Launch New Life Insurance Product Aligned with Consumer and Business Lending
LoanMatch Protector provides life insurance tailored to loan amortization schedules, including mortgage and small business loans
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HARTFORD, Conn., Jan. 15, 2021 /PRNewswire/
Covr Financial Technologies (Covr), Americo Financial Life and Annuity Insurance Company (Americo), and global reinsurer SCOR are today announcing the launch of LoanMatch Protector, a first-of-its-kind life insurance policy customized to a consumer s specific loan amortization schedule. This new collaboration brings LoanMatch Protector to customers of banks, credit unions, lenders, e-banks and direct lenders through Covr s industry-leading, white-labeled digital life insurance platform. Covr has made it easy for customers of their partner financial institutions to purchase coverage during or after their loan applications through seamle
Perigee, a Boston, MA-based cybersecurity company, raised $1.5M in its first funding.
The round was led by Outsiders Fund’s Austin McChord and Teddy Seem, with participation from Westport, Contour Venture Partners, BBG Ventures, Innospark Ventures, Ray Rothrock, and Corey Thomas.
The company intends to use the funds to hire new talent, further develop the product, and grow the enterprise within environmental controls and beyond.
Founded by CEO Mollie Breen, a former NSA mathematician, Perigee combines network exploitation and machine learning expertise to stop malicious threats, improve behavior, and extend the life of connected devices in real-time.
The company is focusing initially on devices within HVAC and environmental controls in industries like healthcare.
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BOSTON, Dec. 17, 2020 /PRNewswire/ Perigee, founded by a former NSA mathematician, combines network exploitation and machine learning expertise to stop malicious threats, improve behavior, and extend the life of connected devices in real-time. Today, Perigee announced the closing of their first institutional capital round of $1.5M.
The round was led by Outsiders Fund s Austin McChord and Teddy Seem, with additional investment from Westport, Contour Venture Partners, BBG Ventures, Innospark Ventures, Ray Rothrock, and Corey Thomas. The newly invested capital will be used to hire new talent, further develop the product, and grow the enterprise within environmental controls and beyond.
Perigee snares $1.5M seed to secure HVAC and other infrastructure
It’s been an eventful fall for Perigee CEO and founder Mollie Breen. The former NSA employee participated in the TechCrunch Disrupt Startup Battlefield in September, and she just closed her first seed round on Thanksgiving, giving her a $1.5 million runway to begin building the company.
Outsiders Fund led the round, with participation from Westport, Contour Venture Partners, BBG Ventures, Innospark Ventures and a couple of individual investors.
Perigee wants to secure areas of the company like HVAC systems or elevators that may interact with the company’s network, but which often fall outside the typical network security monitoring purview. Breen says the company’s value proposition is about bridging the gap between network security and operations security. She said this has been a security blind spot for companies, often caught between these two teams. Perigee provides a set of analytics that gives the securi