“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,” said Mr. Rabois, general investment partner at Khosla Ventures.

According to At-Bay, its cyber security research and modelling approach predicts future risks based on emerging threats. At-Bay's policies are backed by the Hartford Steam Boiler Inspection and Insurance Company (“HSB”), a part of Munich Re.

“Insurance has a key role to play in managing cyber risk, which requires a shift from traditional snapshot underwriting to a year-round risk management partnership. Leveraging the deep security expertise of our team, we deliver risk insights and control services to our customers throughout the year,” explained Rotem Iram, the chief executive officer and founder of At-Bay.

At-Bay added that it also uses the data produced by its algorithms to help businesses identify ways of improving their cybersecurity, therefore lowering their risk and costs.

At-Bay was founded in 2016. It is headquartered in Mountain View, California, and has a research and development center in Tel Aviv.

Learn more: at-bay.com.