Insuranceciooutlook

At-Bay Bags $34M to Defend Organizations from Cyber Perils

By Insurance CIO Outlook | Friday, February 28, 2020

At-Bay has raised $34 million to help companies manage the risks involved in doing business in an era of digitalization, with full-fledged cyber insurance.

FREMONT, CA: The cyber insurance company for the digital age, At-Bay, has raised $34 million in Series B funding round. The financing of this round was led by Acrew Capital and Munich Re Ventures, through its HSB fund. The company's existing investors- Lightspeed Venture Partners, Khosla Ventures, and entrepreneur Shlomo Kramer also participated in the round. With the acquired funds, At-Bay has raised a total of $51 million to date. At-Bay believes that businesses need cyber insurance that is as strong as their security. At-Bay is a new kind of insurance company, designed from the ground up to manage the unique risks associated with doing business in the age of digitalization.  

With continuous vulnerability monitoring, At-Bay helps businesses navigate risk across their technology stack. The company's security team monitors the perimeter of each portfolio company. As a part of the insurance policy, At-Bay actively alerts companies of new vulnerabilities. Companies require cyber insurance to help manage the risks of doing business in the digital age, and the company has built the leading platform in the space, delivering new products, and rapidly accelerating growth. 

At-Bay is the cyber insurance company for the digital age. The company builds risk management products and services that keep clients safe and enable brokers to provide more insightful coverage analysis and eliminate the need for manual processing. At-Bay is pioneering a new type of cyber insurance driven by data and based on a business's specific IT systems by continuously analyzing, modeling and predicting cyber risk, and creating the best coverage for its clients.

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