The new funding round was 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.

As the cyber insurance industry adapts to ransomware losses, At-Bay's cyber security expertise has unlocked unprecedented growth, while minimizing losses to less than half of the industry average. The Series D marks the company's third round in the past 18 months and brings its overall funding to $272 million. At-Bay's post-money valuation now sits at $1.35 billion.

At-Bay is the insurance company for the digital age. By combining world-class technology with industry-leading insurance expertise, we designed an insurance company from the ground up that empowers businesses to thrive in the digital world. As a Managing General Underwriter (MGU), At-Bay underwrites insurance policies through HSB Specialty Insurance Company, rated A++ by A.M. Best Company and part of Munich Re.