.Cyber insurance coverage agency Cowbell has raised $60 million in Series C backing from Zurich Insurance Team, carrying the complete brought up due to the company to over $200 million.Established in 2019, the Pleasanton, CA-based provider delivers little as well as medium-sized ventures (SMEs) along with flexible cyber insurance policy, powered through its AI-assisted, constant underwriting system.SMBs can use the provider's Cowbell Element rating index to assess their cyber risk and also receive the insurance policy protection that matches their safety dangers..Cowbell, which looks for to shield and also teach SMBs coming from existing as well as surfacing risks, uses cyber risk alerts, ongoing threat assessment, a closed-loop approach to jeopardize control, as well as costs incentives for plan makers to improve their security standpoint.The business intends to utilize the brand-new assets to size procedures, extend to crucial global markets, offer brand new items, and enhance its own relationships.Moreover, it will certainly take advantage of the latest advancements in AI and also generative AI to grow its own technical facilities." With an enhanced focus on product growth, our experts will increase our attempts to provide innovative and also effective cyber insurance policy answers to SMEs and mid-market businesses around the world, guaranteeing they have the security and also devices they require to browse the increasing risks in the evolving cyber landscape," Cowbell creator and also chief executive officer Port Kudale mentioned.Cowbell possesses workers in the US, Canada, the UK, as well as India and delivers cyber insurance coverage to SMBs in each fifty US conditions, the Area of Columbia, and the UK.Advertisement. Scroll to carry on analysis.Connected: ZeroTier Elevates $13.5 Million in Collection A Backing.Related: Vanta Increases $150 Thousand at $2.45 Billion Evaluation.Associated: Linx Safety And Security Increases $33M to Tackle Digital Identification Threats.Related: Information Safety Organization Cyberhaven Elevates $88 Million at $488 Million Valuation.