Khosla Ventures Co-Leads $13 Million Round for Cyber Insurance Company At-Bay
At-Bay offers data collection-based risk management and security assessment services.
Lilach Baumer : 2018-05-10T14:54:07..
Keith Rabois of Khosla Ventures co-led a $13 million funding round for cyber insurance startup At-Bay, the company announced Wednesday, bringing At-Bay’s total funding to $19 million.
For daily updates, subscribe to our newsletter by clicking here.The round was co-led by Keith Rabois of Khosla Ventures, Yoni Cheifetz of Lightspeed Venture Partners, and Shlomo Kramer, co-founder of Check Point Software Technologies Ltd., Imperva Inc., and Cato Networks.
At-Bay is backed by Hartford, Connecticut-headquartered Hartford Steam Boiler Inspection and Insurance Company (HSB), a subsidiary of the Munich Reinsurance Company."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,” said Mr. Rabois in a statement. “At-Bay is focusing on customized and real-time risk modeling and risk reduction for its customers.”