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At-Bay

Cybersecurity
At-Bay is a San Francisco-based cyber insurance company that combines insurance underwriting with active security monitoring to help policyholders reduce their risk of cyberattacks.
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At-Bay was founded in 2016 by Rotem Iram, Roman Itskovich, and Dan Ophir, based on the recognition that the cyber insurance market had historically operated somewhat separately from cybersecurity practice, with insurers pricing policies primarily based on lengthy paper questionnaires rather than any real-time, technical assessment of a company's actual security posture, leading to mispriced risk and limited incentive for policyholders to actively improve their security between renewal periods. At-Bay's model combines traditional cyber liability insurance underwriting with continuous, non-intrusive external scanning and monitoring of a policyholder's internet-facing infrastructure, using this technical risk data both to price policies more accurately and to proactively alert customers to vulnerabilities, such as exposed services or outdated software, before those vulnerabilities are exploited by attackers. This approach reflects a broader industry shift toward what the company calls "insurance as a security company," positioning At-Bay not just as a financial backstop that pays claims after a breach occurs, but as an active partner helping reduce the likelihood that a breach happens in the first place, an especially important value proposition as ransomware and other cyberattacks against small and mid-sized businesses, which often lack dedicated in-house security teams, have grown significantly more frequent and costly in recent years. At-Bay primarily distributes its insurance policies through a network of independent insurance brokers and agents rather than selling directly to businesses, giving brokers a technically differentiated cyber product to offer their commercial clients. The company has grown its book of business to cover a large number of small and mid-market businesses across the United States and has raised substantial venture funding from investors including Icon Ventures, Qumra Capital, and Khosla Ventures, reaching a valuation in the billions of dollars, competing with both traditional insurance carriers expanding into cyber and other technology-forward cyber insurance entrants such as Coalition.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
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