Security

Cyber Insurance Coverage Company Cowbell Raises $60 Million

.Cyber insurance company Cowbell has brought up $60 thousand in Series C financing from Zurich Insurance Team, taking the total brought up due to the company to over $200 million.Founded in 2019, the Pleasanton, CA-based business gives little and medium-sized companies (SMEs) with adaptive cyber insurance, powered through its AI-assisted, constant underwriting platform.SMBs can make use of the firm's Cowbell Factor ranking index to review their cyber danger as well as receive the insurance coverage that matches their safety threats..Cowbell, which looks for to secure and also teach SMBs coming from existing and also arising dangers, offers cyber danger cautions, ongoing danger assessment, a closed-loop method to risk monitoring, as well as premium motivations for plan producers to strengthen their protection stance.The company plans to utilize the brand new investment to scale operations, broaden to key international markets, launch new items, as well as enhance its partnerships.Moreover, it is going to utilize the current improvements in AI and also generative AI to extend its own technological structure." With a refined concentrate on product development, our team will certainly accelerate our initiatives to supply innovative and also efficient cyber insurance coverage answers to SMEs and also mid-market companies around the world, guaranteeing they possess the security and devices they need to have to get through the climbing threats in the developing cyber yard," Cowbell creator as well as CEO Port Kudale pointed out.Cowbell possesses staff members in the US, Canada, the UK, and India and also delivers cyber insurance policy to SMBs with all fifty US states, the Area of Columbia, and also the UK.Advertisement. Scroll to continue reading.Associated: ZeroTier Raises $13.5 Million in Set A Financing.Related: Vanta Raises $150 Thousand at $2.45 Billion Appraisal.Associated: Linx Safety And Security Elevates $33M to Outfit Digital Identification Threats.Connected: Information Surveillance Firm Cyberhaven Elevates $88 Thousand at $488 Million Assessment.