Cyber insurance startup Coalition raises $205 mln at valuation of over $3 5 bln reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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OAKLAND, Calif. (Reuters) - Cyber insurance startup Coalition Inc on Wednesday said it raised $175 million in its latest round of funding, which valued the company at $1.75 billion as the need for protection against hacks, ransomware and data theft has surged with remote work during the pandemic.
San Francisco-based Coalition also uses its technology to assess a customer’s cyber risk and during the life of a policy will monitor for possible problems and notify customers to prevent breaches, said Joshua Motta, co-founder and CEO.
Motta said Coalition provides up to $15 million of insurance for U.S. companies and C$20 million in Canada, the only two countries where it now operates.
Cyber insurance startup Coalition raises $175 mln at $1.75 bln valuation
Reuters
OAKLAND |
Updated on
× Cyber insurance startup Coalition Inc on Wednesday said it raised $175 million in its latest round of funding, which valued the company at $1.75 billion as the need for protection against hacks, ransomware and data theft has surged with remote work during the pandemic.
San Francisco-based Coalition also uses its technology to assess a customer’s cyber risk and during the life of a policy will monitor for possible problems and notify customers to prevent breaches, said Joshua Motta, co-founder and CEO.
Motta said Coalition provides up to $15 million of insurance for US companies and C$20 million in Canada, the only two countries where it now operates.
Cyber insurance startup Coalition raises $175 million at $1 75 billion valuation reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.