At-Bay, a Mountain View, CA-based insurtech startup, closed a $6m seed funding round.
The round was led by LightSpeed Venture Partners, with participation from Shlomo Kramer and LocalGlobe.
The company is using the funds to launch the first product, expand operations and its offerings.
Led by Rotem Iram, CEO and Founder, At-Bay provides enterprises with a cyber insurance policy, backed by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, to insure and defend organizations against cyber risks.
For brokers, the company offers a digital platform which combines its insurance product with risk insights that enables them foster an insightful conversation with their clients, including security and financial exposure, case studies and benchmark data.