Cowbell provides Adaptive Cyber Insurance tailored to small and medium-sized enterprises, using continuous underwriting to adapt coverage to evolving threats. Its platform uses an AI-based approach in risk selection and pricing, powered by "Cowbell Factors," to compress the insurance process from submission to issue in less than five minutes. Led by CEO and Founder Jack Kudale, the company emphasizes advanced warning of cyber risk exposures for SMEs. Cowbell plans to use new funding to scale operations, extend its presence in key international markets, bolster cyber resilience services, introduce new products, and strengthen strategic partnerships. The company has offices in Canada, India, and the U.K. and has raised $202M to date. Cowbell offers adaptive cyber insurance for small and medium-sized enterprises, providing coverage adaptable to today’s and tomorrow’s threats and advanced warning of cyber risk exposures. Its AI-based approach to risk selection and pricing powers a continuous underwriting platform, Cowbell Factors, which compresses the insurance process from submission to issue in a few 5 minutes. The company is backed by over 20 global (re)insurance partners and serves SMEs in 50 U.S. states, the District of Columbia, and the United Kingdom. Founded in 2019 and based in the San Francisco Bay Area with headquarters in Pleasanton, CA, Cowbell has employees across the U.S., Canada, India, and the U.K. The company raised $25M in equity from Prosperity7 Ventures and intends to use the funds to expand across the U.S. and U.K. Led by founder and CEO Jack Kudale, Cowbell focuses on compressing underwriting timelines and scaling its coverage for SMEs. Cowbell Cyber is a full-stack, Pleasanton-based insurance company that provides AI-based cyber insurance and bundled cybersecurity services to SMEs across the U.S. Its core product ingests massive datasets—monitoring about 71% of U.S. companies (roughly 23 million businesses) across some 1,000 data points—feeding an algorithmic evaluation platform called Cowbell Factors to assess continuous, individualized risk profiles. Those assessments determine premiums and provide customers with guidance to improve security posture; Cowbell also collaborates with about 45 cybersecurity vendors and sells through a channel network of roughly 14,000 brokers. The company operates its own reinsurance arm, Cowbell Re, and bundles security services at no cost as part of its product. Cowbell says it will not pursue consumer or large-enterprise markets and does not intend to license or white‑label its technology. Financially, the company did not disclose valuation, customer count, or revenues but reports a premium run rate that grew 40x this year to $200 million and projects policyholders to expand three-fold to 35,000–40,000 in the next 12 months. Cowbell Cyber offers individualized cyber insurance for businesses with up to $1 billion in revenue using an AI-based continuous underwriting platform called Cowbell Factors. Its platform compresses the insurance process from submission to issue to less than five minutes. The company operates Cowbell Insurance Agency, which is licensed in all 50 U.S. states and the District of Columbia, and has a distribution network of more than 4,500 agents and brokers. Led by Founder and CEO Jack Kudale, Cowbell is focused on expanding product capabilities and risk-engineering services. The company plans to use new capital to accelerate product development, grow risk engineering, and increase sales, marketing, and national footprint. Cowbell Cyber is a Pleasanton, Calif.-based startup that builds AI-powered cyber insurance and continuous risk-assessment tools for small to mid-sized enterprises. Its core product is a continuous risk assessment, underwriting and cyber liability insurance platform that uses an inside-out approach and automated, real-time insights to identify and mitigate insurable cyber risks. The company’s flagship continuous risk-ratings factor, Cowbell Factor™, enables customized protection and recommendations to match evolving customer needs. Cowbell plans to launch its Cowbell Prime™ policy initially in California for businesses up to $250M via a retail broker distribution channel in Q1 2020. It secured $3.3M in seed funding to accelerate go-to-market and product development. The executive team is led by founder and CEO Jack Kudale, with co-founders Rajeev Gupta (CPO), Trent Cooksley (COO) and Prab Reddy (VP Engineering).

Total raised

$208M

Funding rounds

5

Latest round

Series C

Latest activity

Jul 2024