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.