At-Bay, a Mountain View, CA-based cyber insurance company, raised $13M in Series A funding.
The round, which brings total funding to $19M, was co-led by Keith Rabois of Khosla Ventures, Yoni Cheifetz of Lightspeed, and Shlomo Kramer. In conjunction with the funding, Kramer, former founder of Check Point and Imperva, as well as CEO of Cato Networks, will join the board.
The company intends to use the funds to accelerate development of its proactive cyber security monitoring service and roll out its insurance products.
Founded in 2016 by Rotem Iram, CEO, At-Bay provides cyber insurance policies which, backed by the Hartford Steam Boiler Inspection and Insurance Company (HSB) a part of insurance company Munich Re, enable companies to innovate despite the recurrent, evolving threat of cyber risk. The company’s cyber security research and modelling approach predicts future risks based on emerging threats. Scans for new vulnerabilities enable customers to close security holes quickly and avoid loss. At-Bay partners with brokers to deliver security and financial exposure insights to their customers and design a proactive, comprehensive risk management program.
At-Bay’s Security Score gives customers tools to automatically scan their technology, benchmark their security, and understand their top vulnerabilities.
The Data Breach Cost Calculator allows risk managers to model loss scenarios and understand potential financial exposure.
The company also has an R&D center in Tel Aviv.