Cyber Insurance Startup At-Bay Announces Series A
Cyber insurance provider At-Bay (formerly known as cyberjack.co) announced a $13M Series A round co-led by Keith Rabois of Khosla Ventures, Yoni Cheifetz of Lightspeed, and Shlomo Kramer. This brings the company’s total funding to date to $19M.
“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. At-Bay is focusing on customized and real-time risk modeling and risk reduction for its customers which unlocks superior pricing and coverage options for them” – General Investment Partner at Khosla Ventures, Keith Rabois.
The Mountain View-based startup, established in 2016, offers cyber insurance backed by Hartford Steam Boiler. Same Hartford Steam Boiler that is backing the policies offered by San Fran-based Zeguro . Think: Competitors.
Also, At-Bay announced two new features: (1) a Security Score to give customers tools to automatically scan their technology, benchmark their security, and understand their top vulnerabilities, and (2) a Data Breach Cost Calculator to allow risk managers to model loss scenarios and understand potential financial exposure.
Bottom Line: Chubb’s cyber dashboard comes to mind.
PS. A quick look at Zeguro over the years…