Microsoft and Munich Re helped the cybersecurity insurance platform developer complete a series D round which took its overall funding to $272m.
US-based cybersecurity insurance provider At-Bay completed a $185m series D round on Tuesday featuring software producer Microsoft and reinsurance firm Munich Re at a post-money valuation of $1.35bn.
The round was co-led by venture capital firms Icon Ventures and Lightspeed Venture Partners and backed by Khosla Ventures, Glilot Capital, Acrew Capital, Qumra Capital and private investor Shlomo Kramer. Microsoft and Munich Re invested through M12 and subsidiary Munich Re Ventures’ HSB Fund respectively.
At-Bay provides insurance that helps businesses manage…
