Cowbell
AI-native adaptive cyber & specialty insurance provider
- 201-500 employees
- B2B
- Insurance
- Cyber Security
- Pleasanton, CA
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Company mission
To make digital risks manageable, helping businesses understand, prevent, and recover with confidence.
107% employee growth in 12 months
Our take
With cyber threats continuously developing, a company’s cyber security policy needs to remain robust and continuously up to date. Cowbell is an insurtech company offering AI-powered cyber risk modelling and underwriting to small and medium sized businesses to help manage this threat, as well as support in addressing security risks.
Cowbell joined the cyber insurance industry just as ransomware attacks increased 500% in 2019, spotlighting the acute need for businesses to take pre-emptive protective measures. Cowbell has managed to rapidly establish itself as a leader in the market. The company has developed the largest cyber insurance distribution network in the US and covers over 70% of the US SME market in its monitored risk pool.
Cowbell's focus on SMEs has proven astute, despite an initial reluctance on the part of smaller enterprises to take out cyber insurance. It managed to activate this demographic through continuous underwriting, AI-based risk selection and pricing, and compressing issuance processes to within minutes. The company's growth is vindicated by new funding that will fuel the expansion of its team, products and technologies, and its lofty goals to triple the customer base.
Steph
Company Specialist at Welcome to the Jungle
Funding (last 2 of 5 rounds)
Jul 2024
$60m
SERIES C
Nov 2023
$25m
SERIES C
Total funding: $208.3m
This company has top investors
Leadership
Jack Kudale
(Co-Founder & CEO)Before co-founding Cowbell, Jack founded NULATO, a global service provider that provided traveller ubiquitous mobile broadband. He has also been the CEO of Lacework, a cloud security firm and the Managing Director of Glen Hills Group, which managed broadband and internet startups.
Trent Cooksley
(Co-Founder & COO)Before co-founding Cowbell, Trent co-founded Employer Pipeline, Inc, which provided business insurance solutions, and Afton PM, Inc., which was involved with real estate. He has also been on several boards for insurance based companies, such as Global Insurance Accelerator and Independent Insurance Agents of Nebraska.
Rajeev Gupta
(Co-Founder & Chief Product Officer)Before co-founding Cowbell, Rajeev was the Vice President of Product Management for CA Technologies and then the SVP and GM of App protection for Zimperium, responsible for all Zimperium products.