# At-Bay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/at-bay

- Industry: Insurance
- Headquarters: Mountain View, US
- Website: www.at-bay.com
- Total disclosed funding: $292M
- Latest round: Series D (Oct 13, 2021)
- Investors on record: 10

## About

Based in California, US, and founded in 2016, At-Bay, Inc. operates as an insurance company that provides digital insurance products and cyber risk management services. The company was co-founded by Rotem Iram (CEO) and Roman Itksovich (Chief Risk Officer). In July 2021, At-Bay Inc. raised USD 185 million in a Series D funding led by co-led by new investor Icon Ventures and returning investor Lightspeed Venture Partners, with participation from other returning investors. The round gave the company a valuation of USD 1.35 billion post-money valuation. As of July 2021, the company has approximately 120 employees.
 
The company's line of products includes Cyber Insurance, Technology Errors and Omissions (Tech E & O) insurance that helps businesses protect themselves from cyber threats and risks, and excess coverage. The company also offers a broker platform, data breach and calculator, and a broker knowledge center.
 
The company generates revenue by charging cyber products up to USD 10 million in limits to businesses up to USD 5 billion in revenue for both primary and excess products. Tech E & O products charge up to USD 10 million in limits to businesses up to USD 2 billion in revenue for both primary and excess products. Cyber and Tech E & O policies charge up to USD 10 million in limits to businesses up to USD 5 billion. In mid-2021, the company surpassed USD 160 million in annual recurring revenue. 
 
At-Bay Inc. plans to continue investing in innovation, growing its team and capabilities, while launching new products and expanding into new markets.

## Funding rounds

- Series D, Oct 13, 2021, $20M — ION Asset Management
- Series D, Jul 27, 2021, $185M — Lightspeed Venture Partners, Khosla Ventures, Icon Ventures, Glilot Capital Partners, Qumra Capital, M12, Munich Re Ventures, Acrew Capital
- Series C, Nov 16, 2020, $34M — Lightspeed Venture Partners, Khosla Ventures, Qumra Capital, M12, Munich Re Ventures, Acrew Capital
- Series B, Feb 20, 2020, $34M — Lightspeed Venture Partners, Khosla Ventures, Munich Re Ventures, Acrew Capital
- Series A, Mar 22, 2018, $13M — Lightspeed Venture Partners, Khosla Ventures
- Seed, Oct 24, 2017, $6M — Lightspeed Venture Partners, LocalGlobe

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A, Series B, Series C, Series D
- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A, Series B, Series C, Series D
- Munich Re Ventures (https://capitalatlas.ai/funds/munich-re-ventures) — Series B, Series C, Series D
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Series B, Series C, Series D
- Qumra Capital (https://capitalatlas.ai/funds/qumra-capital) — Series C, Series D
- M12 (https://capitalatlas.ai/funds/m12) — Series C, Series D
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series D
- Glilot Capital Partners (https://capitalatlas.ai/funds/glilot-capital-partners) — Series D
- ION Asset Management — Series D