Security

Cyber Insurance Carrier Cowbell Brings Up $60 Million

.Cyber insurance coverage firm Cowbell has raised $60 thousand in Series C backing from Zurich Insurance policy Team, bringing the total raised due to the provider to over $200 million.Established in 2019, the Pleasanton, CA-based business provides little as well as medium-sized business (SMEs) along with flexible cyber insurance, powered by its own AI-assisted, continuous underwriting platform.SMBs can make use of the company's Cowbell Factor rating index to examine their cyber risk and obtain the insurance protection that matches their security dangers..Cowbell, which seeks to shield as well as teach SMBs from existing and also surfacing threats, supplies cyber danger cautions, continual threat assessment, a closed-loop technique to take the chance of control, and also costs motivations for plan creators to boost their safety standpoint.The business prepares to utilize the new expenditure to size procedures, broaden to essential international markets, introduce new products, and boost its relationships.Furthermore, it will certainly utilize the most recent innovations in artificial intelligence and generative AI to broaden its technological facilities." With an enhanced focus on item growth, our company will definitely accelerate our attempts to supply innovative as well as reliable cyber insurance policy solutions to SMEs and also mid-market companies globally, ensuring they have the protection and devices they require to navigate the climbing threats in the developing cyber landscape," Cowbell owner and also CEO Jack Kudale pointed out.Cowbell has workers in the United States, Canada, the UK, as well as India as well as provides cyber insurance coverage to SMBs in each 50 US conditions, the District of Columbia, as well as the UK.Advertisement. Scroll to carry on reading.Associated: ZeroTier Elevates $13.5 Thousand in Set A Financing.Associated: Vanta Elevates $150 Million at $2.45 Billion Evaluation.Related: Linx Security Elevates $33M to Tools Digital Identity Threats.Connected: Information Protection Agency Cyberhaven Elevates $88 Million at $488 Thousand Appraisal.