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Cowbell Cyber
Cyber insurance provider for SMEs
- 101-200 employees
- B2B
- Insurance
- Cyber Security
- 6800 Koll Center Pkwy Ste 250 Pleasanton, CA 94566
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Company mission
Cowbell Cyber's mission is to provide small to mid-size businesses with easy-to-understand and individual cyber insurance.
107% employee growth in 12 months
Otta's take
Xav Kearney
CTO of Otta
With cyber threats continuously developing, a company’s cyber security policy needs to remain robust and continuously up to date. CowBell Cyber 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 Cyber joined the cyber insurance industry just as ransomware attacks increased 500% in 2019, spotlighting the acute need for businesses to take preemptive 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 Cyber'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.
Benefits
- Work from home opportunities
- Health insurance
- Catered lunch three times a week and a fully stocked kitchen
- Employee equity plan
- Virtual fitness classes
- Meditation app subscriptions
- Book club
- Happy hours
Company values
- We’re innovative
- We’re transparent
- We’re overachievers
Funding (last 2 of 4 rounds)
Nov 2023
$25m
LATE VC
Mar 2022
$100m
SERIES B
$148.3m
Total funding
This company has top investors
Founders
Jack Kudale
(CEO)Before co-founding Cowbell Cyber, 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
(COO)Before co-founding Cowbell Cyber, 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
(Chief Product Officer)Before co-founding Cowbell Cyber, 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.
Prab Reddy
(SVP Engineering)Has extensive experience in UI and Engineering Leadership at companies like Elastica, UpLift Inc., E8 Security and most recently, at Lacework as Director of Engineering.