Cyber insurance company Cowbell Cyber has raised $20m in Series A funding round led by Brewer Lane Ventures.

Pivot Investment Partners, Avanta Ventures, Markel and the company’s existing investors ManchesterStory, Tri-Valley Ventures and Holmes Murphy also participated in the funding round.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company plans to use the proceeds to support product development as well as bolster its footprint across the US.

Cowbell Cyber founder and CEO Jack Kudale said: “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 capitalised on businesses’ accelerated digitisation 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.”

Cowbell Cyber provides cyber insurance for businesses with up to $1bn in revenue. Currently, Cowbell Insurance Agency is licenced in all US states and the District of Columbia.

In September last year, the company launched Prime 250 programme enabling insurance agents to issue personalised cyber policies.

The programme has been rolled out in 38 states.

Brewer Lane Ventures managing partner Martha Notaras said: “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 organisation at a time in their journey where they are seeing unrivalled traction, and have put together a world-class team, staking a claim as a dominant force in the industry.”