San Francisco based cybersecurity insurance provider raised $205m in Series E funding led by Durable Capital, T. Rowe Price and Whale Rock Capital.
“This is a dramatically different approach and it’s working as we set a new standard for an industry that has been slow to unleash the full power of data,” Joshua Motta, Coalition’s co-founder and CEO, told TechCrunch. “The pandemic showed that cyber risk is no longer a purely digital risk. Increasingly, a company’s industrial processes are controlled by computers, which means they’re at risk of being attacked.”