Founded by technology entrepreneurs Joshua Motta and John Hering, Coalition is a technology company that offers cyber insurance products supported by the financial strength of leading global insurers Swiss Re Corporate Solutions and Argo Group.
Coalition Inc., the first technology-enabled cyber insurance solution, announced today that it raised $10 million in Series A funding from leading technology investors including Vy Capital, Ribbit Capital, Valor Equity Partners, Sam Altman (President, Y Combinator), and Deep Nishar (Senior Managing Director, Softbank Vision Fund). "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."