At-Bay Overview
At-Bay is a cyber insurance company providing products and distribution that go beyond data privacy. At-Bay believes that digital is now an integral part of all major business risks; as a result, the company is building new models for selecting and pricing such risks, as well as managing the risks of accumulation and aggregation across portfolios.
Cumulative Funding Raised Over Time ($)
Latest News
Growth-Negative
Cyber insurtech unicorn At-Bay lays off almost 10% of workforce | CTech
Cyber insurance company At-Bay is laying off 27 employees, nearly 10% of its total workforce. This comes after the company raised a $205 million Series D in 2021 at a valuation of $1.35 billion. The companys investors include ION Crossover Partners, Icon Ventures, Lightspeed Venture Partners, among others. At-Bays unique offering is the combination of an insurance policy with cybersecurity capabilities, which helps lower risk levels for its customers. The company has stated that these layoffs are part of structural and operational changes to ensure the companys and employees success.
LayoffsInvestment
growth-positive
At-Bay acquires Canadian cyber insurance co Relay
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. The financial details of the acquisition were not disclosed. Relay will continue to operate as an independent entity under its own management team while benefiting from At-Bays resources to expand its capabilities and value-added services. At-Bay has raised $292 million in funding and has an annual recurring gross written premium of over $360 million. The addition of Relays marketplace will complement At-Bays digital distribution strategy and enhance its technology offerings for brokers and partners.
PartnersAcquisition
growth-positive
At-Bay outlines some Best Practices to avoid a cyberattack CTech
Ayelet Kutner, CTO and GM Israel at At-Bay, shares ways for SMBs to stay safe online. Around 20% of attacks are related to vulnerable software being exposed on the public internet. Following best practices and staying up-to-date with security measures can prevent cyber incidents, particularly related to email. At-Bay provides guidelines for online security.
Customers
growth-positive
Cyber insurance unicorn At-Bay raises another $20 million to take Series D to $205 million
Cyber insurance company At-Bay has closed a $20 million extension to its Series D financing, bringing the round to $205 million and valuing the company at $1.35 billion. The extension included new investor ION Crossover Partners. At-Bay recently collaborated with Microsoft to manage cyber risk for SMBs and has achieved $160 million in annual recurring revenue with 800% year-over-year premium growth. The funds will be used to double the companys workforce in Israel.
InvestmentExpand
Insurtech co At-Bay reaches unicorn status in $185m raise
| Sector | Cyber Security |
Funding
| Total funding | $294M |
| Last funding | $2M |
| Stage | D |
| Rounds | 7 |
| Investors | 14 |
Team Members
5
Employees: 201-500
Web & Social Links
| Website | www.at-bay.com |
| Careers | Careers page |
Locations
Derech Menachem Begin 144, Tel Aviv-Yafo, Israel
116 New Montgomery Street, San Francisco, California, USA
196 Castro St Suite A, Mountain View, CA
Photos & Videos
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