Cowbell Cyber Launches With Industry's First Continuous Underwriting Platform; Raises $3.3M Seed Round
Summary
We are pleased to support Cowbells commitment to bridging the global insurability gap in cybersecurity and have great confidence in the founding teams experience and vision. Cowbell Factor, the continuous risk-ratings factor, not only represents the residual cyber risk in enterprise at a granular level, but also has potential to become a core tenant for use cases such as M&A due diligence, budget planning, and audit committee reporting," said Mike Badeaux, Vice President, Information Security at American Equity, a founding investor of the Global Insurance Accelerator. "As we continue to work with the Cowbell team, we are extremely impressed with their ability to expedite this cross-industry innovation, given the widely understood fact that outside-in security risk ratings approaches are falling short to address the cyber insurability gap. "We are looking forward to investing in and working with Cowbell Cyber as they enter the market with this cutting-edge technology," said Dan Keough, Chairman & CEO, Holmes Murphy. As we look to the future of technology and innovation within the industry, we believe Cowbell Cyber will be a thought leader in this specialized area of risk and were happy to invest in their efforts.