At-Bay closes $20 million extension to Series D

At-Bay announced the closing of a $20 million extension to the company’s Series D financing, adding new investor ION Crossover Partners. The extension brings the Series D round to $205 million, valuing the company at $1.35 billion.

In July 2021, At-Bay closed a $185 million Series D round, co-led by Icon Ventures and Lightspeed Venture Partners, with participation from existing investors including Khosla Ventures, M12, Acrew Capital, Qumra Capital, the HSB fund of Munich Re Ventures, entrepreneur Shlomo Kramer, and Glilot Capital.

“At-Bay has a tremendous opportunity to redesign the insurance operating system. We are already seeing their positive impact on SMBs by reducing ransomware incidents, and we are excited to see their impact grow as they apply their proprietary automated underwriting platform to new products and services.” – Jonathan Kolodny, Partner, ION Crossover Partners.

“At-Bay’s success helping SMBs experience fewer ransomware incidents is resonating with customers and investors alike. ION has an impressive track record of shepherding startups to successful outcomes, and we are proud to have them as an investor.” – Rotem Iram, Co-Founder and CEO of At-Bay.