Cyber insurance and security solutions provider Resilience has raised $80m in its Series C funding round co-led by General Catalyst and Corey Thomas of Rapid7.

The round saw participation from Lightspeed Venture Partners, Founders Fund, Charles River Ventures, Shield Capital, and Intact Ventures.

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The proceeds will be used to by Resilience to execute its plans for expansion in the middle market in North America and grow in the international market.

Resilience has adopted the insure + secure business model, which offers both insurance cover and security solutions.

The insurer’s team of in-house security engineers engage with clients for risk assessment and vulnerability monitoring.

Resilience CEO Vishaal Hariprasad said: “We took a deliberate approach entering the middle market. Our clients are discerning buyers with sophisticated infrastructure. We proactively connect their security posture with their insurance policy, not as vendors, but as partners.

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“That personal, integrated approach of transparency and action is what makes us so different. This funding round signals that the market is ready for our insure + secure model.”

Resilience has selected Intact Insurance Specialty Solutions as its carrier partner.

General Catalyst managing partner and founder David Fialkow said: “Resilience is building the leading cyber risk and response platform for the insurance industry, helping mid-market enterprises identify and integrate the best insurance and security solutions for their business needs.

“It’s more than risk mitigation – it’s bespoke security solutions combined with an insurance policy that provides clarity and certainty.”