At-Bay

Company Overview

Snapshot

Founded in July 2016 by Etai Hochman, Rotem Iram, Tilli Kalisky-Bannett, and Roman Itskovich, At-Bay operates with 201–500 employees. The company has raised a total of $294 million across 7 funding rounds from 14 investors. At-Bay was acquired by Munich Re in August 2026.

Business overview

At-Bay is a cyber insurance company that provides cyber insurance and risk management solutions. The company focuses on addressing the evolving landscape of digital risks by developing new models for selecting, pricing, and managing risk accumulation across portfolios. At-Bay operates in the Cyber Security sector, offering its products and distribution channels to industries requiring robust data privacy and cybersecurity measures, particularly within the insurtech and financial services markets.

Strategic signal

At-Bay's acquisition by Munich Re in August 2026 for $575 million signals a significant consolidation within the insurtech and cybersecurity markets. This strategic move by a major reinsurer like Munich Re validates At-Bay's innovative approach to cyber risk assessment and management, indicating a growing institutional recognition of specialized cyber insurance solutions. For investors, this acquisition highlights the potential for strong exit opportunities in the intersection of cybersecurity and insurance, particularly for companies demonstrating robust underwriting capabilities and advanced risk models.

Company Intelligence Q&A

What was the most significant recent corporate event for At-Bay?

At-Bay was acquired by Munich Re in August 2026 for $575 million. This acquisition marks a significant exit for the company in the insurtech and cybersecurity space.

What was a key strategic development for At-Bay in early 2026?

In March 2026, At-Bay began restructuring its development division, shifting its focus toward operating profitability.

Did At-Bay make any acquisitions?

At-Bay acquired the Canadian cyber insurance company Relay in August 2022.