Rotem Iram + Roman Itskovich found At-Bay 2016 in Mountain View + Tel Aviv as cyber insurance MGA; raise $6M seed from Lightspeed. Bet: combine cyber security scanning of customer attack surface with underwriting — price risk based on actual posture not industry/revenue proxies; offers free security monitoring to insureds.

At-Bay binds first cyber policy Oct 2017 — pioneers active monitoring model where insurer scans insured's attack surface continuously + provides free security recommendations. Rotem Iram + Roman Itskovich's bet: cybersecurity + insurance must be bundled, not separated.

At-Bay Series A Mar 2018 $13M led by Lightspeed Venture Partners. Rotem Iram + Roman Itskovich grow cyber insurance MGA + threat intelligence platform. Adds Hudson Insurance Group as anchor capacity. Targets SMB + middle-market cyber exposure (10-1000 employees).

At-Bay Series C Aug 2020 $34M led by Munich Re Ventures + Khosla Ventures; valuation $200M. At-Bay's Threat Intelligence Lab analyzes ransomware patterns + publishes industry-leading data. Adds Munich Re as anchor capacity provider. Cyber insurance MGA premium reaches $50M run-rate.

At-Bay Series E Mar 2022 $271M led by ICONIQ Capital + Glilot at $1.35B valuation. Rotem Iram CEO — At-Bay reaches $300M+ premium run-rate. Cyber insurance market hardening 2021-2022 from ransomware crisis drives At-Bay growth.

At-Bay launches Tech E&O + Miscellaneous Professional Liability Nov 2023 — expands beyond pure cyber into broader specialty lines. Diversifies revenue away from cyber's volatile pricing cycle. Iram CEO: 'tech-driven underwriting is our edge, not just cyber.'

At-Bay 2024 expansion — adds Tech E&O + Miscellaneous E&O alongside cyber; serves 35K+ SMB + middle-market accounts. Iram CEO focuses on profitable growth post-2022 rerating. Cyber claims volume up 30% in 2024 across At-Bay book — pricing discipline maintained.

At-Bay 2025 — $850M premium run-rate; profitable. Iram CEO expands beyond cyber to Tech E&O + Miscellaneous Professional Liability. Threat intelligence Lab continues as industry-leading data publication. Cyber MGA category consolidating to ~3 leaders (Coalition, At-Bay, Resilience).

At-Bay FY2025 — Rotem Iram CEO reports $850M premium; profitable. Cyber MGA category consolidating to 3 leaders (Coalition, At-Bay, Resilience). At-Bay's Threat Intelligence Lab + active monitoring + security-bundled cyber differentiates vs traditional cyber writers.