Security

Cyber Insurance Carrier Cowbell Increases $60 Million

.Cyber insurance coverage firm Cowbell has reared $60 thousand in Collection C funding from Zurich Insurance coverage Team, taking the total raised due to the provider to over $200 thousand.Established in 2019, the Pleasanton, CA-based firm provides little and also medium-sized enterprises (SMEs) along with flexible cyber insurance coverage, powered through its own AI-assisted, ongoing underwriting system.SMBs can easily make use of the provider's Cowbell Element rating mark to assess their cyber danger as well as acquire the insurance policy coverage that matches their safety hazards..Cowbell, which looks for to protect and educate SMBs coming from existing as well as surfacing hazards, uses cyber danger alerts, continuous risk assessment, a closed-loop technique to risk administration, and superior rewards for plan creators to boost their safety posture.The firm prepares to use the brand-new expenditure to scale operations, expand to key global markets, introduce new products, and also strengthen its own partnerships.Furthermore, it will leverage the most up to date improvements in artificial intelligence as well as generative AI to broaden its own technological infrastructure." Along with a processed focus on product growth, our experts are going to accelerate our initiatives to deliver sophisticated and reliable cyber insurance policy options to SMEs and also mid-market businesses around the world, guaranteeing they possess the security as well as tools they require to navigate the rising risks in the advancing cyber landscape," Cowbell creator and chief executive officer Jack Kudale mentioned.Cowbell has employees in the US, Canada, the UK, and also India and gives cyber insurance policy to SMBs in every 50 US conditions, the District of Columbia, and also the UK.Advertisement. Scroll to continue analysis.Connected: ZeroTier Lifts $13.5 Thousand in Series A Funding.Related: Vanta Raises $150 Million at $2.45 Billion Valuation.Associated: Linx Protection Raises $33M to Outfit Digital Identification Threats.Associated: Information Protection Company Cyberhaven Increases $88 Thousand at $488 Million Valuation.