At-Bay, a Mountain View, CA-based cyber insurance company, raised $34m in Series B funding.
The round was led by Acrew Capital and Munich Re Ventures, through its HSB fund. Existing investors Khosla Ventures, Lightspeed Venture Partners, and entrepreneur Shlomo Kramer also participated in the round. With the new investment, At-Bay has raised a total of $51 million to date.
The company intends to use the funds to accelerate product offerings and deepen the foundations of its insurance offering, through expert underwriting and claim management.
Led by Brett Sadoff, Head of Insurance, Roman Itskovich, Chief Risk Officer, and Rotem Iram, CEO, At-Bay is a cyber insurance company which helps businesses navigate risk across their technology stack with continuous vulnerability monitoring. As part of the insurance policy, its security team monitors the perimeter of each portfolio company, actively alerting them of new vulnerabilities. In 2019, the company helped over 9,000 companies secure their systems against impending new attacks, saving both client and insurer avoidable losses. In 2019, At-Bay opened offices in New York and Atlanta.