# Arx Nimbus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arx-nimbus

- Industry: IT Security/Cybersecurity
- Headquarters: Chicago, US
- Website: www.arxnimbus.com
- Latest round: Seed (Nov 1, 2018)
- Investors on record: 1

## About

Arx Nimbus, LLC specializes in AI-driven cyber risk modeling and mitigation, providing organizations with tools to assess and manage digital risks effectively.Founded in 2016 in Chicago, US, Arx Nimbus, LLC focuses on cyber risk modeling solutions. The company was established by Paulo Shakarian, who has a history of founding technology companies. In November 2018, Arx Nimbus raised seed funding from SixThirty, marking a strategic move to enhance its offerings. As of now, the company has completed one deal since its inception.Arx Nimbus specializes in AI-driven cyber risk modeling and mitigation through its flagship product, Thrivaca™, which offers a data-driven monetary valuation of digital risk. Released recently, Thrivaca™ employs advanced actuarial methods to assess the financial consequences of cyber risks, helping organizations to understand their vulnerabilities and the associated costs. The platform provides comprehensive insights that align cybersecurity strategies with financial objectives, utilizing a robust 360-degree data set and NIST-approved methodologies. Arx Nimbus serves a wide range of clients, including top insurers, Fortune 500 companies, and organizations across industries such as healthcare, finance, and technology, emphasizing the need for effective cybersecurity measures in today's threat environment. The company markets its solutions across North America, Europe, and Asia-Pacific, addressing the complex risk management demands of both small to medium-sized businesses (SMBs) and large enterprises.Arx Nimbus generates revenue primarily through subscription-based models for its Thrivaca™ platform, offering various service plans tailored to meet the needs of its diverse client base. These plans include baseline risk assessments and additional professional support hours for organizations looking to enhance their cybersecurity programs. Clients engage with Arx Nimbus through direct B2B transactions, facilitated by detailed service agreements that outline ongoing access to risk profiles and analytics. The revenue structure includes options for unlimited access to platform features and consulting services designed for enterprises with complex cybersecurity demands. This comprehensive approach allows clients to streamline their cybersecurity efforts while potentially reducing regulatory costs and lowering insurance premiums, ultimately contributing to the financial stability and resilience of their businesses.Arx Nimbus plans to further develop its Thrivaca™ platform with new features aimed at enhancing user experience and effectiveness in risk management. The company is also targeting expansion into additional markets within North America and is exploring opportunities in Europe and the Asia-Pacific region by late 2023. The funding raised in November 2018 will support these initiatives, enabling Arx Nimbus to invest in product development and market penetration strategies.

## Funding rounds

- Seed, Nov 1, 2018 — SixThirty

## Investors

- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Seed