image credit: Pixabay

Cyber insurance provider Coalition raises additional $175M

San Francisco-based Coalition Inc., which provides cyber liability insurance and security, said Wednesday it has received an additional $175 million capital infusion with which it plans to invest in the company, add new product lines and further expand internationally.

It said the funding is led by San Francisco and London-based Index Ventures, with participation from New York-based General Atlantic Service Company LP and the company’s existing investors. Coalition said in its statement the capital infusion brings the company’s total valuation to $1.75 billion.

Read More on Business Insurance