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🏢 '''Onda''' is a Lloyd's-backed cyber insurance managing general agent (MGA) founded in 2022 by Palantir Technologies co-founder Joe Lonsdale and cybersecurity executive Paul Calatayud.<ref name="bhansalisfo">{{cite web |title=Onda — Advanced Cyber Insurance (Portfolio Page) |url=https://bhansalisfo.com/onda-advanced-cyber-insurance/ |publisher=Bhansali SFO |access-date=2025-12-01}}</ref> Headquartered across Luxembourg, London, Paris, and Miami, the company operates through a proprietary technology platform called "Navigator" that replaces traditional proposal forms with automated cyber risk assessments.<ref name="ondauk">{{cite web |title=Cyber Insurance — Onda UK |url=https://www.onda.ai/uk/cyber-insurance/ |publisher=Onda |access-date=2025-12-01}}</ref> Onda distributes exclusively through brokers, writing on Lloyd's paper via Canopius, Argenta, and Everest syndicates in the United Kingdom and France, and through Crum & Forster surplus lines paper in the United States.<ref name="insedge">{{cite web |title=Say Hello to Onda X — New Cover Options for Mid-Market Companies |url=https://insurance-edge.net/2025/03/12/say-hello-to-onda-x-new-cover-options-for-mid-market-companies/ |publisher=Insurance Edge |date=March 12, 2025 |access-date=2025-12-01}}</ref>
🌐 '''International footprint.''' The company launched in the UK in late 2023, expanded to France in early 2024, and entered the US market in October 2025. Onda has raised approximately $10 million in total funding from 8VC, K5 Global, Northstar.VC, AAF Management, and Bhansali Equities.<ref name="pitchbook">{{cite web |title=Onda Company Profile |url=https://pitchbook.com/profiles/company/518260-51 |publisher=PitchBook |access-date=2025-12-01}}</ref> The company was a triple finalist at the 2024 Cyber Insurance Awards Europe.<ref name="intellins">{{cite web |title=Game Changers Celebrated at Intelligent Insurer's Cyber Insurance Awards Europe 2024 |url=https://www.intelligentinsurer.com/game-changers-celebrated-at-intelligent-insurers-cyber-insurance-awards-europe-2024 |publisher=Intelligent Insurer |date=2024 |access-date=2025-12-01}}</ref> Despite strong industry recognition, Onda remains early-stage: CKRe Limited, its UK distribution vehicle, reported just £2 million in turnover and £5.1 million in cash reserves as of December 2023.<ref name="pomanda">{{cite web |title=CKRe Limited — Financial Overview |url=https://pomanda.com/company/03600683/ckre-limited |publisher=Pomanda |access-date=2025-12-01}}</ref>
📊 '''Scale and positioning.''' Total group headcount is estimated at 35–50, with approximately 15 employees at CKRe and a separate R&D team of roughly 20 staff based in Minneapolis and Washington, D.C.<ref name="latribune">{{cite web |title=Onda en pole sur la ligne de départ |url=https://tribune-assurance.optionfinance.fr/lessentiel/onda-en-pole-sur-la-ligne-de-depart.html |publisher=La Tribune de l'Assurance |access-date=2025-12-01}}</ref> Onda is a pure-play cyber insurer with no adjacent product lines such as Tech E&O or D&O, distinguishing it from larger peers like Coalition and At-Bay that bundle complementary coverages.
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