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 ($)
$34.0MDec 2020
$68.0MFeb 2020
$253.0MJul 2021
$266.0MMay 2018
$268.0MMay 2022
$274.0MNov 2017
$294.0MOct 2021
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
1 item(s)
At-Bay Business
Business models
B2B
Product stage
Released
Employees
201-500
Sector
Fintech & InsurtechInsurtechCyber SecurityGRC & VulnerabilityTarget Customer
Financial ServicesFinancial ProductsInsuranceEnterprise & Professional ServicesLegal ServicesEnterprisesSMBs & SMEsCore Technology
Platforms & InterfacesSoftwareTags (9)
unicorn-2021underwritingsmbfintechnetwork-securityrisk-managementinsurance-companiescyber-securityinsurtechAt-Bay Financials
$294M
Total funding
Undisclosed
Capital raised
$2M
Last funding
D
Funding stage
7
Total rounds
14
Investors
Cumulative Funding Raised Over Time ($)
$34.0MDec 2020
$68.0MFeb 2020
$253.0MJul 2021
$266.0MMay 2018
$268.0MMay 2022
$274.0MNov 2017
$294.0MOct 2021
Private Equity Funding
Undisclosed Round
May 2022
$2M
Big-Tech R&D 50, Union Tech Ventures
D Round
Oct 2021
$20M
ION Crossover Partners (Lead)
D Round
Jul 2021
$185M
Lightspeed Venture Partners (Lead)
,
Shlomo Kramer, Acrew Capital, Qumra Capital, M12, Glilot Capital Partners, Munich Re Ventures, Khosla Ventures, Icon Ventures
C Round
Dec 2020
$34M
Qumra Capital (Lead)
,
Khosla Ventures, Shlomo Kramer, M12, Acrew Capital, Lightspeed Venture Partners, Munich Re Ventures
B Round
Feb 2020
$34M
Acrew Capital, Munich Re Ventures
A Round
May 2018
$13M
Lightspeed Venture Partners, Shlomo Kramer, Khosla Ventures
Seed
Nov 2017
$6M
Cerca Partners, 83North, Shlomo Kramer, Lightspeed Venture Partners
Mergers & Acquisitions
MNAEvent
Aug 2022
Undisclosed
At-Bay Lifecycle
Cumulative Funding Raised Over Time
$34.0MDec 2020
$68.0MFeb 2020
$253.0MJul 2021
$266.0MMay 2018
$268.0MMay 2022
$274.0MNov 2017
$294.0MOct 2021
All Events
Undisclosed Round
May 2022
$2M
Big-Tech R&D 50, Union Tech Ventures
D Round
Oct 2021
$20M
ION Crossover Partners (Lead)
D Round
Jul 2021
$185M
Lightspeed Venture Partners (Lead)
,
Shlomo Kramer, Acrew Capital, Qumra Capital, M12, Glilot Capital Partners, Munich Re Ventures, Khosla Ventures, Icon Ventures
C Round
Dec 2020
$34M
Qumra Capital (Lead)
,
Khosla Ventures, Shlomo Kramer, M12, Acrew Capital, Lightspeed Venture Partners, Munich Re Ventures
B Round
Feb 2020
$34M
Acrew Capital, Munich Re Ventures
A Round
May 2018
$13M
Lightspeed Venture Partners, Shlomo Kramer, Khosla Ventures
Seed
Nov 2017
$6M
Cerca Partners, 83North, Shlomo Kramer, Lightspeed Venture Partners
MNAEvent
Aug 2022
Undisclosed
At-Bay News
11 articles
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
growth-positive
הסטארטאפ At-Bay יכפיל את מספר עובדיו בתל אביב - וואלה! כסף
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.
Expand
growth-positive
Cyber insurance startup At-Bay raises $34M Series C, adds M12 as a new investor
Cybersecurity insurance startup At-Bay has raised $34 million in its Series C round. The round was led by Qumra Capital and included new investors M12. The company plans to use the funding to grow its team, launch new products, and improve its automated underwriting platform. At-Bay differentiates itself by proactively monitoring its customers networks for security risks and vulnerabilities. The companys frequency of claims is less than half of the industry average. The cybersecurity insurance market is expected to reach $23 billion by 2025. At-Bay aims to meet the growing demand for cybersecurity insurance as traditional insurance companies struggle to accommodate it.
InvestmentExpand
growth-positive
Cyber Insurance Startup At-Bay Plans Expansion After Raising $34 Million
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.
InvestmentExpand
growth-positive
At-Bay launches excess cyber insurance policy for clients up to $5Bn revenue - Help Net Security
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.
Customers
Cyber Insurance Startup At-Bay Secures $13M Series A Funding Co-Led by Khosla Ventures and Lightspeed
growth-positive
Cyber-risk insurance co At-Bay raises $6m
Israeli digital insurance company At-Bay has closed a $6 million seed funding round led by LightSpeed Venture Partners. The company, founded in 2016, offers cyber insurance policies and risk insights to help clients and brokers manage and control cyber risk. At-Bay has partnered with The Hartford Steam Boiler Inspection and Insurance Company (HSB) to bring a product to market that insures and defends organizations against cyber risks. The company believes that historical data has limited ability to predict future risk, so it leverages deep data collection and technology to provide security experts with insights on expected future risk. At-Bays digital platform combines insurance products with risk insights to facilitate a low-friction sales process for brokers.
Investment
At-Bay Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 364 |
| Team members | 5 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 14 classification IDs that could be used for matching.
At-Bay Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 92/100 |
| Missing | markets, not claimed |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515511590 |
| Crunchbase | at-bay |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2023-03-22T00:00:00.000Z |
| Created | 2016-12-19T00:00:00.000Z |