Cowbell Cyber raises $20 million in Series A
San Francisco-based cyber insurance provider Cowbell has closed $20 million in a Series A funding round led by Brewer Lane Ventures with participation from Pivot Investment Partners, Avanta Ventures, Markel Corporation, and existing investors ManchesterStory, Tri-Valley Ventures, and Holmes Murphy. The new capital will be used to fund product development, expand risk engineering, sales, marketing, and increase Cowbell’s footprint nationwide.
The company also announced that Martha Notaras, Managing Partner at Brewer Lane Ventures, will join the Cowbell Board of Directors and Akbar Poonawala, Co-Founder at Pivot Investment Partners, will join as a board observer.
“Cybersecurity is now a risk management issue that is critical to the future of the insurance industry and is evolving at a pace that insurers have rarely seen. Cowbell Cyber has capitalized on businesses’ accelerated digitization and an ever-changing threat landscape. Cowbell embraces AI and machine learning to gain efficiency and accuracy when assessing and underwriting cyber risk while focusing on the fundamental needs of our policyholders: keeping their businesses protected from evolving cyber threats.” – Jack Kudale, Founder and CEO, Cowbell Cyber.
“Through its cutting-edge, AI-powered platform, Cowbell Cyber is well-positioned to disrupt today’s explosive cyber insurance market and redefine the industry. As the marketplace continues to see significant growth, we are thrilled to be joining the organization at a time in their journey where they are seeing unrivaled traction, and have put together a world-class team, staking a claim as a dominant force in the industry.” – Martha Notaras, Managing Partner, Brewer Lane Ventures.