Headquarters: Miami, Florida, USA
Founded: 2022
Founder(s): Joe Lonsdale, Paul Calatayud
Notable Investors: 8VC, K5 Global, Northstar.vc
Onda is a young cyber-insurance firm that aims to make protection against digital threats easy, fast, and accessible. Backed by Lloyd’s of London, Onda acts as an MGA (Managing General Agent), offering policies to businesses in the UK and France. Unlike traditional insurers, Onda replaces long application forms with a tech platform. Its system, Navigator by Onda, automatically scans a company’s security – checking both its external online footprint and internal networks – and combines that data with up-to-date threat intelligence. The result is instant quotes and clear reports: Onda can issue a quote in minutes instead of days, the goal is to rapidly determine insurability via technology rather than paperwork.
Behind the scenes, the platform continuously assesses the risk. It delivers quick reports with easy-to-understand insights and fix recommendations. Companies also get ongoing monitoring – automated alerts if new vulnerabilities or threats appear – and 24/7 incident-response support if a breach happens. Onda even partnered exclusively with cybersecurity firm Panorays to feed advanced risk data into its system, a move that will let it rapidly transform insurability against cyber threats. In short, Onda blends insurance with smart scanning tools so that customers not only buy a policy but also get actionably feedback on how to improve their cyber defenses. That’s a win-win.
Onda mainly works through insurance brokers serving small and mid-sized companies. Its two flagship products – Onda+ (for smaller firms) and Onda X (for larger mid-market firms) – offer comprehensive cyber coverage (typically up to about £5 million) and include the tech-driven scans and support previously described. Crucially, all policies are underwritten via Lloyd’s, giving clients the financial backing of a well-known insurance market. Industry reports note that Onda’s data-driven approach helps brokers get clients insured more swiftly and with less hassle by removing the usual forms and back-and-forth. Onda positions itself as a modern alternative in the market: a cyber MGA that uses AI-style automation to simplify a complex problem, helping businesses understand their risks and secure protection before the next attack arrives.
Onda is a provider of global cyber resilience intended to make the world resilient to cyberattacks. The company’s services are designed to offer state-of-the-art protection by coupling advanced cybersecurity tools and services with insurance solutions, simplifying the customer experience, enabling customers to protect their most critical assets.
The founders, Joe Lonsdale and Paul Calatayud, both with extensive start-up experience and deep industry networks have brought together a superstar team to tackle the nascent cyber insurance industry. Alex Jomaa is acting as Chief Underwriting Officer.