Security

Cyber Insurance Service Provider Cowbell Raises $60 Million

.Cyber insurance company Cowbell has actually reared $60 thousand in Series C funding coming from Zurich Insurance coverage Group, taking the total raised by the provider to over $200 thousand.Founded in 2019, the Pleasanton, CA-based firm offers little and medium-sized ventures (SMEs) with flexible cyber insurance coverage, powered by its AI-assisted, constant underwriting system.SMBs can use the provider's Cowbell Factor rating index to assess their cyber risk and get the insurance policy coverage that matches their protection risks..Cowbell, which seeks to safeguard and inform SMBs from existing as well as arising risks, provides cyber threat cautions, continuous danger examination, a closed-loop technique to risk management, and also costs rewards for policy creators to boost their protection posture.The firm prepares to use the brand new investment to scale functions, expand to vital global markets, present new items, and also reinforce its relationships.In addition, it is going to take advantage of the most up to date improvements in AI as well as generative AI to grow its own technical structure." Along with a processed focus on product expansion, our team will accelerate our attempts to provide state-of-the-art and effective cyber insurance coverage services to SMEs and also mid-market businesses around the world, ensuring they possess the security and also tools they need to have to browse the rising risks in the advancing cyber garden," Cowbell creator and also CEO Jack Kudale pointed out.Cowbell has staff members in the US, Canada, the UK, as well as India as well as delivers cyber insurance coverage to SMBs in all 50 US conditions, the Area of Columbia, as well as the UK.Advertisement. Scroll to proceed analysis.Related: ZeroTier Raises $13.5 Million in Collection A Funding.Related: Vanta Elevates $150 Thousand at $2.45 Billion Appraisal.Related: Linx Protection Elevates $33M to Implements Digital Identity Threats.Connected: Data Safety And Security Company Cyberhaven Elevates $88 Million at $488 Million Valuation.

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