MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–At-Bay,
a cyber insurance company for the digital age, today announced a $13M
Series A funding round co-led by Keith Rabois of Khosla Ventures, Yoni
Cheifetz of Lightspeed, and Shlomo Kramer. This brings the company’s
total funding to $19M. Shlomo Kramer, former founder of Check Point and
Imperva, as well as CEO of Cato Networks, will join the board.
This new round of financing allows At-Bay to accelerate development of
its proactive cyber security monitoring service and roll out its
insurance products. The estimated market for cyber insurance is expected
to reach nearly $17B by 2023 (source: P&S
Market Research).
“Cyber insurance is one of the fastest growing and complex markets, yet
the incumbents are still currently relying on standardized checklists
and irrelevant actuarial data to model risk. At-Bay is focusing on
customized and real-time risk modeling and risk reduction for its
customers which unlocks superior pricing and coverage options for them,”
said Keith Rabois, general investment…
