Coalition Raises $10M in Series A Funding
Summary
Coalition, Inc., a San Francisco, CA-based technology-enabled cyber insurance solution, raised $10m in Series A funding.Backers included Vy Capital, Ribbit Capital, Valor Equity Partners, Sam Altman (President, Y Combinator), and Deep Nishar (Senior Managing Director, Softbank Vision Fund).The company intends to use the funds to grow its engineering team and expand its cyber risk management platform.Through its cyber risk management platform, any business can access and configure a number of cybersecurity tools including threat and intelligence alerts, ransomware and denial of service protection, and patch and vulnerability notifications.Customers include technology companies, investment firms, retailers, banks, manufacturers, and healthcare providers.