Coalition, Inc. Company Profile

Background

Overview

Founded in 2017 and headquartered in San Francisco, California, Coalition, Inc. is a pioneering provider of cyber insurance and security services. The company integrates comprehensive insurance coverage with proactive cybersecurity tools to help businesses manage and mitigate cyber risks. Coalition's mission is to prevent digital risk before it strikes, offering a holistic approach to cyber threat management.

Industry Significance

As the largest startup offering cyber insurance and proactive monitoring tools, Coalition serves over 90,000 policyholders. The company insures against incidents such as cyberattacks, email scams, and accidental privacy violations, partnering with traditional carriers and reinsurers to write insurance while retaining about 10% of the financial risk.

Key Strategic Focus

Core Objectives

Coalition aims to provide an integrated approach to digital risk by combining active risk assessment, protection, and response. The company's strategic focus includes:

Active Risk Assessment: Utilizing the Active Data Graph, which leverages artificial intelligence to collect and analyze data across the public and dark web, providing a comprehensive picture of a client's cyber risk.

Active Protection: Offering the Coalition Control® platform to help organizations detect, assess, and mitigate cyber threats.

Active Response: Providing expert incident response and claims services to quickly stabilize and restore business operations after an incident.

Primary Markets

Coalition serves a diverse range of industries, including healthcare, retail and e-commerce, technology, real estate and title, nonprofits, public sector, energy, legal, manufacturing, and cryptocurrency.

Financials and Funding

Funding History

Coalition has raised a total of $770 million in funding from notable investors such as Valor Equity Partners and Allianz. The funding history includes:

Series F: $250 million in June 2022.

Series E: $205 million in October 2021.

Financial Performance

As of 2021, Coalition's estimated annual revenue was $315 million, with a valuation of $3.5 billion.

Technological Platform and Innovation

Proprietary Technologies

Coalition's technological platform includes:

Active Data Graph: An AI-driven system that collects and analyzes data across the public and dark web to assess cyber risk.

Coalition Control®: A risk management platform that helps organizations detect, assess, and mitigate cyber threats.

Scientific Methodologies

The company employs advanced machine learning algorithms and data analytics to provide real-time threat intelligence and automated security alerts, enhancing its proactive cybersecurity measures.

Leadership Team

Joshua Motta: Co-Founder & CEO.

Jim Young: Chief Financial Officer.

Dylan Steele: Chief Marketing Officer.

Shawn Ram: Head of Insurance.

Competitor Profile

Market Insights and Dynamics

The cybersecurity insurance market is experiencing significant growth due to the increasing frequency and sophistication of cyber threats. Businesses across various sectors are seeking comprehensive solutions that combine insurance coverage with proactive cybersecurity measures.

Competitor Analysis

Key competitors in the cyber insurance and security services market include:

At-Bay: Provides cyber insurance and risk management solutions, focusing on proactive risk assessment and mitigation.

SecurityScorecard: Develops a cybersecurity rating platform that assesses and monitors the security posture of organizations.

Strategic Collaborations and Partnerships

Coalition has established significant partnerships to enhance its market position and capabilities:

Global Insurers: Collaborates with leading global insurers such as Swiss Re Corporate Solutions, Lloyd’s of London, and Argo Group to provide comprehensive cyber insurance coverage.

Technology Partnerships: Engages in partnerships with technology companies to integrate advanced cybersecurity tools and services into its offerings.

Operational Insights

Competitive Advantages

Coalition differentiates itself through:

Integrated Approach: Combining insurance coverage with proactive cybersecurity tools to offer a holistic solution.

Proprietary Technology: Utilizing AI-driven platforms like the Active Data Graph and Coalition Control® for real-time risk assessment and mitigation.

In-House Expertise: Maintaining dedicated in-house Security, Incident Response, and Claims teams to provide immediate support during incidents.

Strategic Opportunities and Future Directions

Coalition is poised to capitalize on the growing demand for integrated cyber insurance and security solutions by:

International Expansion: Continuing to expand its presence in international markets, including recent launches in Germany.

Product Development: Enhancing its product offerings with additional security services and tools tailored for small and midsize businesses.

Technological Innovation: Investing in advanced technologies and methodologies to stay ahead of emerging cyber threats and provide cutting-edge solutions to clients.