Cowbell Cyber, a provider of AI-powered cyber insurance, has secured $100m in Series B funding.
The Series B was led by Anthemis Group and saw noted participation from Permira, PruVen Capital, Viola Fintech and NYCA Partners. In March 2021, Cowbell closed its Series A on $20m.
Founded in 2019, Cowbell offers an AI-supported continuous underwriting platform aimed at SMEs. The firm claims it has created the largest cyber insurance distribution network in the US.
According to Cowbell, it intends to use the new funding to fuel go-to-market expansion, along with risk engineering and claims management capabilities.
Cowbell Cyber founder and CEO Jack Kudale said, “As we position ourselves to lead the ‘second wave’ of cyber insurance growth, this funding will accelerate our pioneering approach to cyber risk underwriting and drive growth and profitability while closing insurability gaps.”
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