San Francisco based cyber insuretech raised $185m in Series D funding led by Lightspeed Venture Partners and Icon Ventures at a post-money valuation of $1.35b.
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“Keeping up with that growth requires a lot of focus and investment, which is the primary objective that we have with this round of financing...beyond that, we see cyber risk impacting a large swath of commercial-insurance products, including predominantly professional-liability insurance policies, and so part of the goal of this fundraising is to build a broader range of professional-liability products," said Rotem Iram, CEO and founder.
