Security News > 2021 > March > Cyber Insurance Company Coalition Raises $175 Million at $1.75 Billion Valuation
San Francisco-based cyber insurance and security company Coalition has achieved unicorn status after raising $175 million at a $1.75 billion valuation.
The latest funding round brings the total raised by Coalition to more than $300 million.
In the previous round, announced in May 2020, the company secured $90 million at a valuation of nearly $900 million.
In addition to insurance, the company offers customers a wide range of cybersecurity products and services, including credential monitoring, security awareness training, endpoint detection and response, patch management, threat monitoring, DDoS mitigation, and risk assessment.
Coalition is not the only cyber insurance firm to announce raising a significant amount of money this month.
Cowbell raised $20 million in Series A funding and Corvus raised $100 million in Series C funding.