Corax

Name: Corax
Brand: Corax

Cyber risk modelling and prediction platform

Est 2013|Raised $11.3M

LinkedIn 809|Website|FTEs 12|HQ Richmond, Texas, US

MarketsCyber Risk Management

Areas where Corax may be relatively strong - Orientation to cyber insurance analytics: public and press materials emphasize underwriting, expected loss costs, and portfolio-level exposure, which are focal concerns for insurer buyers. - Aggregation and exposure narratives: press materials reference modeling around accumulated exposure from shared infrastructure dependencies. Areas where competitors may be relatively stronger - Ratings vendors (SecurityScorecard, BitSight, Black Kite, UpGuard, RiskRecon) typically have stronger public footprints, clearer packaging, and more visible review ecosystems that can simplify procurement for organizations seeking third-party monitoring and TPRM. Market adoption signals - The vendor references a modest user base and has documented partnerships and press mentions within the insurance sector.

01Competitive Landscape

Narrative analysis

Areas where Corax may be relatively strong

Orientation to cyber insurance analytics: public and press materials emphasize underwriting, expected loss costs, and portfolio-level exposure, which are focal concerns for insurer buyers.
Aggregation and exposure narratives: press materials reference modeling around accumulated exposure from shared infrastructure dependencies.

Areas where competitors may be relatively stronger

Ratings vendors (SecurityScorecard, BitSight, Black Kite, UpGuard, RiskRecon) typically have stronger public footprints, clearer packaging, and more visible review ecosystems that can simplify procurement for organizations seeking third-party monitoring and TPRM.

Market adoption signals

The vendor references a modest user base and has documented partnerships and press mentions within the insurance sector.

	Corax (coraxcyber.com)	SecurityScorecard	BitSight
Starting Price	Not publicly listed (appears to be quote-based)	Free tier for self-rating; Business/Enterprise via sales	Not publicly listed (quote-based)
Primary suitability	Insurance-oriented cyber risk modeling and quantification; platform plus professional services messaging	Third-party risk management (TPRM) and external ratings; broad enterprise adoption	External cyber ratings with ecosystem integrations
Key strength	Emphasis on insurance-sector modeling (expected loss costs, aggregation) and a sizable modeled dataset	Clear packaging and an entry-level self-assessment option; broad integrations	Established external ratings footprint and integration with ecosystem partners
Key limitation	Limited public documentation on pricing, certifications, independent reviews, and model validation details	Pricing and module structure can be opaque; some enterprise features require additional modules	Pricing not publicly listed; update cadence and coverage considerations cited in vendor narratives