Coalition Raises $175M in Funding
Summary
Coalition, a San Francisco, CA-based cyber insurance and security company, raised $175m in funding, at a value of $1.75 billion. The round was led by Index Ventures with participation from General Atlantic and existing investors. The company intends to use the funds to accelerate growth and global expansion and extend its product line, to address a range of risks facing the modern enterprise — many of which are not well covered by standard business insurance policies. Founded in 2017 by Joshua Motta and John Hering, Coalition is a provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools (such as automated security alerts, threat intelligence, expert guidance, and cybersecurity tools) to allow businesses to manage and mitigate cyber risk. Today, Coalition serves over 42,000 customers, providing no-cost cybersecurity tools to prevent losses, security and incident response services to contain them, and comprehensive insurance to help organizations recover from failures and breaches.
Funding
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