Israeli cyber insurance company At-Bay has announced a $34 million Series B financing round 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.
Founded in 2016 by CEO Rotem Iram, the company has its headquarters in Mountain View, California and development office in Tel Aviv, and with the new investment has raised $51 million.
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Iram said, “The deck is stacked against small business owners, who are on their own to defend their organizations from international crime syndicates and state actors. Here at At-Bay, we are building a new kind of insurance company, designed from the ground up to manage the unique risks associated with doing business in the digital age. We are the partner our clients can rely on to navigate cyber risk, completely financially aligned with their business to help them stay secure.”
At-Bay helps businesses navigate risk with continuous vulnerability…
