Munich Re

Rotem Iram, CEO of cyber insurance startup At Bay, discusses the company's acquisition by Munich Re for 575 million dollars, navigating the post-bubble tech downturn, and his decision to return to Israel.

Rotem Iram, CEO of the Israeli company At-Bay, commented on the startup's $575 million sale to Munich Re Group. Despite a lower valuation compared to 2021, he described the deal as a significant success.

Insurance giant Munich RE is acquiring the Israeli insurtech unicorn At Bay, which specializes in cyber insurance. The deal is estimated to be worth hundreds of millions of dollars.