Taking a page from cybersecurity insurance, which saw an uptick in the wake of major breaches several years ago, insurance providers have started taking steps into the AI space by offering financial protection against models that fail.
Tag: cybersecurity insurance
Cyber Insurance Provider Coalition Names First CFO as It Looks toward the Future
Coalition Inc., a cybersecurity insurance provider, appointed its first finance chief after raising $250 million in a Series F round. Jim Young, based in San Francisco, began his new role as chief financial officer on July 25. Mr. Young was most recently the CFO of agricultural technology firm Indigo Ag. Prior to that, he was… Continue reading Cyber Insurance Provider Coalition Names First CFO as It Looks toward the Future
Cybersecurity Insurance Provider Coalition Nabs $205M
Cyber insurance company Coalition today announced that it raised $205 million in a series E funding round, bringing its total raised to $505 million at a $3.5 billion post-money valuation. The financing, which was led by Durable Capital, T. Rowe Price, and Whale Rock Capital with participation from the company’s existing investors, will be used… Continue reading Cybersecurity Insurance Provider Coalition Nabs $205M
Cybersecurity Insurance Startup Coalition Raises $90M Series C
Coalition announced that it has closed a $90 million Series C. The funding comes around a year after the cybersecurity insurance startup raised a $40 million Series B. The startup’s new, larger funding round was led by Valor Equity Partners and included participation from Greyhound Capital and Felicis, along with “existing investors,” per the company.… Continue reading Cybersecurity Insurance Startup Coalition Raises $90M Series C