.Cyber insurance coverage firm Cowbell has raised $60 million in Series C backing from Zurich Insurance coverage Team, taking the complete raised by the provider to over $200 thousand.Founded in 2019, the Pleasanton, CA-based firm provides small as well as medium-sized enterprises (SMEs) with adaptive cyber insurance coverage, powered by its AI-assisted, continual underwriting platform.SMBs may use the provider's Cowbell Element score mark to examine their cyber risk as well as obtain the insurance policy coverage that matches their surveillance threats..Cowbell, which finds to safeguard and inform SMBs coming from existing and also surfacing risks, delivers cyber threat precautions, continual risk analysis, a closed-loop technique to take the chance of monitoring, and also premium rewards for policy manufacturers to boost their security position.The business plans to use the brand-new expenditure to size functions, increase to vital international markets, launch new items, as well as reinforce its own partnerships.On top of that, it is going to utilize the current developments in artificial intelligence and generative AI to grow its own technical structure." Along with a polished concentrate on product development, our company are going to accelerate our efforts to provide enhanced as well as reliable cyber insurance policy solutions to SMEs and mid-market services globally, guaranteeing they have the protection and also tools they need to browse the rising dangers in the growing cyber landscape," Cowbell owner and also CEO Port Kudale mentioned.Cowbell has employees in the US, Canada, the UK, and India and supplies cyber insurance to SMBs in all 50 US states, the Area of Columbia, and also the UK.Advertisement. Scroll to carry on reading.Connected: ZeroTier Raises $13.5 Million in Series A Financing.Associated: Vanta Raises $150 Thousand at $2.45 Billion Evaluation.Connected: Linx Safety Raises $33M to Outfit Digital Identification Threats.Connected: Data Safety Organization Cyberhaven Elevates $88 Thousand at $488 Million Assessment.