Cowbell Cyber

Cowbell Cyber

Cybersecurity insurance for small businesses

About Cowbell Cyber

Simplify's Rating
Why Cowbell Cyber is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Cybersecurity

Financial Services

Company Size

201-500

Company Stage

Series C

Total Funding

$202.6M

Headquarters

Pleasanton, California

Founded

2019

Overview

Cowbell Cyber offers cybersecurity insurance tailored for small and medium-sized enterprises (SMEs). The company uses technology and artificial intelligence to assess risks and underwrite policies, helping businesses understand their vulnerabilities and insurance needs. A unique feature is Cowbell Factors™, which quantifies risk exposure, and they also provide post-incident recovery services. Cowbell's goal is to empower SMEs to effectively manage their cyber risks and ensure they have appropriate coverage.

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Funded Recently
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Simplify's Take

What believers are saying

  • Increased demand for cyber insurance due to rising global cyber threats.
  • Recognition as a top employer and fast-growing company boosts brand credibility.
  • Expansion into the UK market with triple-digit growth enhances market presence.

What critics are saying

  • Increased competition from tech giants entering the cyber insurance space.
  • Rise in AI-driven cyberattacks could lead to higher claims and impact profitability.
  • Rapid growth may strain operational capabilities and affect service quality.

What makes Cowbell Cyber unique

  • Cowbell uses AI for continuous risk assessment and adaptive cyber insurance.
  • Cowbell Factors™ quantifies risk exposure, offering clear insights into vulnerabilities.
  • Cowbell Resiliency Services provides advanced cybersecurity services like MDR SOC-as-a-Service.

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Funding

Total Funding

$202.6M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$60M
Cowbell Cyber
$62M
SeatGeek
$100M
Oura

Benefits

Medical and Dental Insurance

Paid Time Off

Mind & Body Wellness

On-Site Perks

Career Growth

Networking

Growth & Insights and Company News

Headcount

6 month growth

↑ 1%

1 year growth

↓ -3%

2 year growth

↑ 0%
Coverage
Feb 5th, 2025
Cowbell Launches Cowbell Resiliency Services

Cowbell, a provider of cyber insurance for small and medium-sized enterprises and middle-market businesses, has launched a new Cowbell Resiliency Services unit, which leverages “existing AI learning tools with advanced cybersecurity services” to provide businesses with “the most up-to-date” insights and learning needed to defend against emerging threats while minimizing financial and operational risks.CRS expands Cowbell’s risk management portfolio with four new subscription-based cyber resiliency services:Cowbell MDR SOC-as-a-Service , powered by SpearTip, a company of Zurich Resilience Solutions, delivers a 24/7/365, U.S.-based Security Operations Center (SOC), staffed with certified, experienced engineers and analysts, providing real-time threat detection and AI-driven counterintelligence. The service integrates with diverse data sources to allow comprehensive visibility. It leverages continuously updated detection rules, advanced prevention technologies, and real-time response capabilities to defend against sophisticated threats like ransomware., powered by SpearTip, a company of Zurich Resilience Solutions, delivers a 24/7/365, U.S.-based Security Operations Center (SOC), staffed with certified, experienced engineers and analysts, providing real-time threat detection and AI-driven counterintelligence. The service integrates with diverse data sources to allow comprehensive visibility. It leverages continuously updated detection rules, advanced prevention technologies, and real-time response capabilities to defend against sophisticated threats like ransomware. Cowbell Penetration Testing-as-a-Service (PTaaS) powered by GMI, delivers comprehensive internal and external network assessments to identify and address vulnerabilities

PR Newswire
Feb 4th, 2025
Cowbell Launches Cowbell Resiliency Services (Crs) To Support U.S. Businesses As Ai-Driven Cyber Threats Accelerate

A new unit launched in response to more sophisticated AI-driven cyberattacks and the evolving geopolitical climateNew resiliency services include Managed Detection and Response, Penetration Testing, Cloud Identity Monitoring, and Cybersecurity Training, available to U.S. policyholdersPLEASANTON, Calif., Feb. 4, 2025 /PRNewswire/ -- Cowbell , a leading provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, has launched a new Cowbell Resiliency Services (CRS) unit in response to a rise in the frequency, severity, and diversity of cyber threats as a complement to its existing risk management program.Driven by AI advances and an increasingly complex geopolitical landscape, recent reports show the average global cost of a data breach has reached $4.88m—a 10% increase over last year and the highest total ever. The average in the U.S. is even higher, amounting to $9.36m. Tech giants, such as Microsoft, say their clients now face 600 million attacks daily from cybercriminals and nation-state threat actors.Recognizing these challenges, Cowbell has strengthened its risk management offering to policyholders

Cowbell
Dec 30th, 2024
Reflections on 2024: A Year of Innovation and Growth

Among others, Forbes named Cowbell one of the Best Startup Employers for 2024, and Cowbell Cyber Inc. also earned spots, including #13 overall and #1 in the Insurance industry in the Inc. 5000 2024 ranking of North American private companies, #25 in the 2024 San Francisco Bay Area Fast 100, and #10 in the Deloitte 2024 Fast 500.

Cowbell
Dec 9th, 2024
Celebrating a Year of Achievements: Cowbell's Award-Winning Moments in 2024

Intelligent Insurer Cyber Insurance Europe Award Finalist: Cowbell's approach to cyber insurance earned Cowbell Cyber Inc. a spot as a finalist in this distinguished award, underscoring its commitment to delivering cutting-edge solutions in the European market.

Cowbell
Nov 26th, 2024
Thomas Pytel, Jr. Promoted to Vice President and Head of Marketing

Thomas joined Cowbell from Copperpoint Insurance where he was Chief Marketing and Communications Officer leading the company's brand transformation and digital strategy.

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