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The company has stated that these layoffs are part of structural and operational changes to ensure the companys and employees success.","partners":"Not Mentioned","customers":"Not Mentioned","investors":["ION Crossover Partners","Icon Ventures","Lightspeed Venture Partners","Khosla Ventures","M12","Acrew Capital","Qumra Capital","HSB fund of Munich Re Ventures","Shlomo Kramer","Glilot Capital"],"confidence":"9","key_topics":["Layoffs","Investment","Cyber Insurance","Operational Changes","Workforce Reduction"],"date_of_event":"Not Mentioned","valuation_amount":"$1.35 billion","impact_on_company":"Growth-Negative","investment_amount":"$205 million","structured_issues":["Layoffs","Investment"],"acquisition_amount":"Not Applicable","structuredIssuesShow":"#Layoffs  #Investment","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"Growth-Negative","analysisId":"j3TdoHm8Cr28Mxg3IwJPKdPPgN1rIpZIVfU601f502AujJMAJWEU8D","news_summary":"Cyber insurtech unicorn At-Bay lays off almost 10% of workforce | CTech","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"7yWrhx7z7BJKnVAs1tDRhMdhlWXZ1rvJs5uCI7m8yeMhefAnlo2O73","date":"Aug 23, 2022","link":"https://en.globes.co.il/en/article-atbay-acquires-canadian-cyber-insurance-co-relay-1001422091","source":"en.globes.co.il","visible":1,"analysis":{"tags":"acquisition","company":"At-Bay","layoffs":null,"summary":"Israeli cyber insurance company At-Bay has acquired Canadian company Relay, which specializes in helping insurance brokers and agents add cyber insurance to their quotes. 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The funds will be used to double the companys workforce in Israel.","partners":["Microsoft"],"customers":null,"investors":"ION Crossover Partners","confidence":9,"key_topics":["Series D financing","Investor","Valuation","Collaboration with Microsoft","Annual recurring revenue"],"date_of_event":"14.10.21","valuation_amount":"$1.35 billion","impact_on_company":"growth-positive","investment_amount":"$20 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"tU5EL8q8DiVVoWWiUjKu8iFhJjW5bPPuY76XgXzEV63UNRjT4vGztk","news_summary":"Cyber insurance unicorn At-Bay raises another $20 million to take Series D to $205 million","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"c2b04de0-da45-43a8-9514-d848dfe9b772","date":"Jul 27, 2021","link":"https://en.globes.co.il/en/article-insurtech-co-at-bay-reaches-unicorn-status-in-185m-raise-1001379675","source":"en.globes.co.il","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"sOc3Mrem67XhOXLqJegZoxQpBrCUQI4Twz711n6P6U5Nf3g1hvj3JV","news_summary":"Insurtech co At-Bay reaches unicorn status in $185m raise","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"b72201ea-d09d-421f-9704-4844071a4c2e","date":"Jul 13, 2021","link":"https://finance.walla.co.il/item/3448031?_atscid=7_134353_204082920_1921813_0_Txtetaxjxdshwhus8sp","source":"finance.walla.co.il","visible":1,"analysis":{"tags":"cybersecurity, insurance","company":"At Bay","layoffs":null,"summary":"Israeli startup At Bay, which develops a cybersecurity solution that combines insurance policies with customer system monitoring, is in the process of doubling its workforce. The company has raised $91 million to date from prominent investors in the cybersecurity and insurance fields, including Lightspeed, Microsoft, and Munich Re. At Bays platform allows organizations to purchase comprehensive cyber insurance policies within minutes. The company has seen significant growth, with a 800% increase in the past year, as cyber attacks on organizations have risen. At Bay is currently hiring for various positions in its Israeli development center, including full-stack developers, data analysts, DevOps engineers, and cybersecurity experts.","partners":null,"customers":null,"investors":["Lightspeed","Microsoft","Munich Re"],"confidence":9,"key_topics":["cybersecurity","insurance","recruitment","growth","partnerships"],"date_of_event":"2021-07-13","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$91 million","structured_issues":["Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"qkLkk4UrcOnmDDiKisJDCJCtpHDowAVAygqxELIs7B8TJnO6QskRO9","news_summary":"הסטארטאפ At-Bay יכפיל את מספר עובדיו בתל אביב - וואלה! כסף","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"4196e34c-5f69-4d2c-af9f-4617ab69d6a3","date":"Dec 9, 2020","link":"https://techcrunch.com/2020/12/08/cyber-insurance-startup-at-bay-raises-34m-series-c-adds-m12-as-a-new-investor/","source":"techcrunch.com","visible":1,"analysis":{"tags":"cybersecurity insurance","company":"At-Bay","layoffs":null,"summary":"Cybersecurity insurance startup At-Bay has raised $34 million in its Series C round. 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At-Bay aims to meet the growing demand for cybersecurity insurance as traditional insurance companies struggle to accommodate it.","partners":null,"customers":null,"investors":"Qumra Capital, M12, Acrew Capital, Khosla Ventures, Lightspeed Venture Partners, Munich Re Ventures, Shlomo Kramer","confidence":9,"key_topics":["Series C","Cybersecurity insurance","Investors","Company growth","Automated underwriting platform"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$34 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"afEBapKd5uCMYcBrSzMv3FpWiHizafU70ltKWrzCaSzh9vzLgBIH28","news_summary":"Cyber insurance startup At-Bay raises $34M Series C, adds M12 as a new investor","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"473684dc-4b67-4ab8-936c-942936aabf24","date":"Feb 24, 2020","link":"https://www.insurancejournal.com/news/national/2020/02/24/559270.htm","source":"www.insurancejournal.com","visible":1,"analysis":{"tags":"Cyber Insurance, InsurTech","company":"At-Bay","layoffs":null,"summary":"Cyber insurance startup At-Bay has raised $34 million in a new venture capital round. The funding will be used to expand the companys offices in New York, Atlanta, Chicago, and Los Angeles, as well as strengthen its insurance offerings. At-Bay has seen significant year-over-year revenue growth and an expansion of its broker network. The company uses risk research and real-time risk models to provide clients with updated assessments of risks. At-Bay also has a digital platform that combines its insurance product with risk insights to facilitate more insightful discussions with clients. The company was founded in 2016 and is headquartered in Mountain View, California.","partners":"Munich Re’s Hartford Steam Boiler","customers":null,"investors":"Munich Re’s Hartford Steam Boiler","confidence":9,"key_topics":["Cyber","InsurTech"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$34 million","structured_issues":["Investment","Expand"],"acquisition_amount":null,"structuredIssuesShow":"#Investment  #Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"YbpxII1sQXtb0BhaFS3dbBDPOymtcnOvV7gc9VoLQDRp0MuAUSGeX7","news_summary":"Cyber Insurance Startup At-Bay Plans Expansion After Raising $34 Million","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"eebeb7cb-e35c-450f-921e-0caae2c544b3","date":"May 20, 2019","link":"https://www.helpnetsecurity.com/2019/05/20/at-bay-excess-cyber-insurance-policy/","source":"www.helpnetsecurity.com","visible":1,"analysis":{"tags":"cyber insurance","company":"At-Bay","layoffs":null,"summary":"At-Bay has launched an excess cyber insurance policy to fulfill broker demand and provide smart capacity to help prevent loss. The At-Bay Security Team offers ongoing vulnerability scanning, threat monitoring, and support to insureds. The team also reviews prospective clients during the underwriting process using their own security scanning technology and risk model. At-Bays excess product complements their primary cyber insurance product and is available to select broker partners. They offer both primary and excess limits up to $10M for clients up to $5B in annual revenue.","partners":null,"customers":null,"investors":null,"confidence":8,"key_topics":["excess cyber insurance","At-Bay Security Team","proactive risk management","underwriting process","primary and excess limits"],"date_of_event":null,"valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Customers"],"acquisition_amount":null,"structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"In9JECEJXVKCqMZ9azNywLTqAcvYVmGmgeAbKPzrqLNp7r5cMC43h8","news_summary":"At-Bay launches excess cyber insurance policy for clients up to $5Bn revenue - Help Net Security","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"46172c2d-92a9-4414-940f-ed2b4406170b","date":"May 9, 2018","link":"https://www.businesswire.com/news/home/20180509005358/en/Cyber-Insurance-Startup-At-Bay-Secures-13M-Series","source":"www.businesswire.com","visible":1,"analysis":{"entityGrowthIconPath":"none;"},"sentiment":null,"analysisId":"VdlZsGbkI0rZHAltwyaxLt4L2Ikl7gXJ7RlMppqG88HhyYGZDA9iS6","news_summary":"Cyber Insurance Startup At-Bay Secures $13M Series A Funding Co-Led by Khosla Ventures and Lightspeed","analysisStructuredIssuesDisplay":"none","analysisImpactOnCompanyDisplay":"block"},{"id":"91db0e0b-5376-4cf9-9ea9-ca19514cd9bb","date":"Nov 18, 2017","link":"http://www.globes.co.il/en/article-cyberrisk-insurance-co-at-bay-raises-6m-1001212188","source":"www.globes.co.il","visible":1,"analysis":{"tags":"cyber insurance","company":"At-Bay","layoffs":null,"summary":"Israeli digital insurance company At-Bay has closed a $6 million seed funding round led by LightSpeed Venture Partners. 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At-Bays digital platform combines insurance products with risk insights to facilitate a low-friction sales process for brokers.","partners":"The Hartford Steam Boiler Inspection and Insurance Company (HSB)","customers":null,"investors":"LightSpeed Venture Partners, Shlomo Kramer, LocalGlobe","confidence":8,"key_topics":["cyber insurance","seed funding","partnership","cyber risk","technology"],"date_of_event":"November 17, 2017","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":"$6 million","structured_issues":["Investment"],"acquisition_amount":null,"structuredIssuesShow":"#Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"1UK4Sp9B3LnWl5lsgqEOUXyrcklhCJw6ojeCygogaG23MuDp3Y06M2","news_summary":"Cyber-risk insurance co At-Bay raises 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