SF based cyber insurance platform raised a $10m Series A funding led by Vy Capital, Ribbit Capital, and Valor Equity Partners.
"Our mission is simple, yet monumental: to solve cyber risk for SMBs. We now have the team, technology, investors, and resources to do this," said Joshua Motta, CEO & Co-founder, Coalition. "Solving cyber risk doesn't mean solving security failures. It means allowing companies to embrace technology while remaining resilient to the risks that accompany it. We provide companies with free cybersecurity to prevent loss before it occurs, and expert response and comprehensive insurance coverage when all else fails." Through Coalition's cyber risk management platform, any business can easily access and configure a number of cybersecurity tools including threat and intelligence alerts, ransomware and denial of service protection, and patch and vulnerability notifications, all without any complex setup or configuration. Coalition's customers include leading technology companies, investment firms, retailers, banks, manufacturers, and healthcare providers.