Cyber Insurance Startup At-Bay Raises $34 Million

Mountain View, California-headquartered At-Bay Inc. has raised a $34 million series B funding round, the company announced Thursday. The round was led by Crew Capital and Munich Re Ventures, with participation from existing investors Khosla Ventures, Lightspeed Venture Partners, and Shlomo Kramer, co-founder of Nasdaq-listed Check Point Software Technologies Ltd.

Founded in 2016 by Israeli entrepreneurs Rotem Iram, Etai Hochman, and Roman Itskovic, At-Bay analyzes the digital systems of its clients to determine their level of exposure to cyberattacks. Monitoring risks on an ongoing basis, the company offers clients a customized cyber insurance policy. The company, which also has a research and development center in Tel Aviv, has raised $51 million to date, according to the company’s statement.