Icon Ventures, a specialty venture capital firm, and Lightspeed Venture, a venture capital firm, led a $185m Series D funding round in At-Bay, an operator of digital insurance platform intended to provide cyber insurance for the digital age. other investors include Khosla Ventures, M12, Acrew Capital, Qumra Capital, the HSB fund of Munich Re Ventures, entrepreneur Shlomo Kramer, and Glilot Capital. "We are seeing a shift in commercial insurance with regard to cyber risk, and At-Bay is leading the way. While legacy insurers are pulling back on coverage and raising rates in the face of challenges like ransomware, At-Bay is doubling down with a modern approach to risk management that helps businesses improve their security and avoid loss before it happens," Rotem Iram, At-Bay Co-Founder and CEO.