Cowbell Secures $60 Million Series C Funding From Zurich Insurance Group to Scale Up Operations and Advance Global SME Cyber Adoption
Cowbell Secures $60 Million Series C Funding From Zurich Insurance Group to Scale Up Operations and Advance Global SME Cyber Adoption
Company continues its mission to near-term operating profitability; New capital to fuel growth with new products, new geographies, and resilience services
公司繼續以實現短期運營盈利爲使命。新資本將加速新產品、新地域和韌性服務的增長。
PLEASANTON, Calif., and ZURICH, July 26, 2024 /PRNewswire/ -- Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), announced today that it has closed a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a leading global multi-line insurer.
加利福尼亞州普萊森頓和蘇黎世,2024年7月26日/PRNewswire/——領先中小企業(SME)網絡保險提供商Cowbell今日宣佈,已獲得全球領先的綜合保險公司蘇黎世保險集團(Zurich)6,000萬美元的C輪股權投資。
With the $60 million investment, Cowbell plans to scale operations to meet growing demand, extend its presence in key international markets, bolster cyber resilience services, introduce new cutting-edge products to the market, and further strengthen strategic partnerships. Leveraging existing advances in AI and GenerativeAI (GenAI), the company aims to expand its technological infrastructure to drive further efficiencies and support expedited policyholder and broker decision-making across traditional, digital and API-driven channels.
憑藉這6000萬美元的投資,Cowbell計劃擴大業務,以滿足不斷增長的需求,拓展關鍵國際市場,在網絡韌性服務方面壯大自己,並向市場推出新的前沿產品,進一步加強戰略伙伴關係。利用人工智能和生成AI(GenAI)的現有先進技術,公司旨在擴展其技術基礎設施,推動進一步的效率提升,支持傳統、數字和API驅動的渠道,進而促進保單持有人和經紀人的快速決策。
Zurich's investment in Cowbell underscores its commitment to supporting businesses with state-of-the-art cyber protection and resilience solutions, particularly within the SME and middle market segments, where companies are exposed to cyber risk more than ever. It also aligns with Zurich's ambition to leverage best-in-class technology and expertise to address the evolving complexities of cyber risk management.
蘇黎世對Cowbell的投資突顯了其致力於爲中小企業提供最先進的網絡防護和韌性解決方案的承諾,特別是在中小企業和中市場領域,這些領域的企業面臨着前所未有的網絡風險。它也符合蘇黎世利用最先進的技術和專業知識來應對網絡風險管理逐漸複雜化的雄心壯志。
The global cost of cybercrime is estimated to reach $24 trillion by 2027, and ransomware attacks alone cost small businesses $1.7 million per incident on average.
據估計,到2027年全球網絡犯罪成本將達到24萬億美元,而只有勒索軟件攻擊就讓小規模企業平均每次損失170萬美元。
Sierra Signorelli, CEO Commercial Insurance at Zurich said: "Cyber threats remain a major concern for business leaders due to their constantly evolving nature. To address this, we continue to invest in enhancing our cyber capabilities and building a strong support system for our customers. Cowbell is an excellent partner for managing cyber risks. They use a data-centric approach to risk management, provide continuous risk assessments, actively monitor threats, and have strong underwriting expertise. And all of this is centered around a highly advanced digital platform designed to boost cyber resilience for their customers."
蘇黎世商業保險首席執行官Sierra Signorelli表示:"由於網絡威脅不斷演變,所以網絡威脅仍然是企業領袖們關注的一個主要問題。爲了解決這個問題,我們繼續投資於提升我們的網絡能力,併爲客戶構建一個強大的支持系統。Cowbell是管理網絡風險的絕佳合作伙伴。他們採用以數據爲中心的風險管理方法,提供持續的風險評估,積極監測威脅,並擁有強大的承保專業知識。所有這些都集中在一個高度先進的數字平台上,旨在提升他們的客戶的網絡韌性。"
Jack Kudale, founder and CEO, Cowbell said, "This investment from Zurich is the strongest endorsement of Cowbell's vision and capabilities yet and deepens our footprint in the global cyber insurance market. With a refined focus on product expansion, we will accelerate our efforts to deliver advanced and efficient cyber insurance solutions to SMEs and mid-market businesses globally, ensuring they have the protection and tools they need to navigate the rising threats in the evolving cyber landscape."
Cowbell創始人兼首席執行官Jack Kudale表示:"來自蘇黎世的投資是對Cowbell願景和能力的最強背書,加深了我們在全球網絡保險市場的足跡。通過更加精細化的產品擴展,我們將加快努力,爲全球中小企業和中市場企業提供先進,高效的網絡保險解決方案,確保他們有所需的保護和工具,以應對網絡威脅不斷進步的局面。"
Cowbell's broker-first approach and reputation for its easy-to-use platform and effective education experience for the broker community are gaining worldwide traction and trust, with licensed producer growth of nearly 3x over the last two years. With better outcomes for customers at its core, reinvestment back into the business will see Cowbell double down on advancements in AI and GenAI to bring greater transparency to cyber risk. In doing so, Cowbell will facilitate smarter decision-making and raise cyber resiliency standards for brokers and businesses worldwide.
Cowbell以經紀人爲先導的方法,以易於使用的平台和有效的經紀人社區培訓經驗贏得了全球範圍內的信任和足跡,並已獲得近兩年執照生產商增長的近3倍。以更好的客戶成果爲核心,公司將重新投資於AI和GenAI的進步,以爲經紀人和全球範圍內的企業提升智能決策水平並提高網絡韌性標準。
This latest investment marks a major milestone in Cowbell's fast-scaling journey, following a year of rapid geographic and product expansion, technological growth, and the onboarding of industry-heavyweight experts, further solidifying its position in the global cyber insurance market.
這一最新投資標誌着Cowbell的快速擴張之旅的重大里程碑,此前一年Cowbell已經快速拓展了地理和產品業務範圍,實現了技術增長,並引進了業界權威專家,進一步鞏固了其在全球網絡保險市場的地位。
With $202 million raised to-date, Cowbell has remained capital-efficient throughout its journey. Cowbell has remained steadfast in its clear vision to protect, educate and empower SMEs and mid-market businesses, and the broker community serving them - from today's and tomorrow's threats.
到目前爲止,Cowbell已籌集2.02億美元的資金,始終保持高效資本運營。Cowbell始終堅定地致力於保護、教育和賦予中小企業和中市場企業以及服務他們的經紀人社區-免受今天和明天威脅的影響。
J.P. Morgan Securities LLC acted as financial advisor and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP provided legal counsel to Cowbell in this transaction.
J.P. Morgan證券有限責任公司在本次交易中充當金融顧問,Gunderson Dettmer Stough Villeneuve Franklin & Hachigian,LLP爲Cowbell提供了法律諮詢。
About Cowbell
Cowbell is a pioneer of Adaptive Cyber Insurance, leading the way in providing small and medium-sized enterprises (SMEs) with coverage adaptable to today's and tomorrow's threats and the advanced warning of cyber risk exposures. With its unique AI-based approach in risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue in less than 5 minutes. Backed by 25 prominent global (re)insurance partners, Cowbell serves SMEs across 50 U.S. states, the District of Columbia, and the United Kingdom, assessing businesses with revenues up to $1B globally. Founded in 2019, Cowbell is based in the San Francisco Bay Area and has employees across the U.S., Canada, India, and the U.K.
關於Cowbell
Cowbell是自適應網絡保險的先驅,引領中小企業(SME)提供可適應現今和未來威脅的覆蓋範圍和提前警報網絡風險暴露的先進保險。憑藉其獨特的基於人工智能的風險選擇和定價方法,Cowbell的連續承保平台,由Cowbell因子提供支持,使保險過程從提交到發佈的時間在不到5分鐘的時間內完成。在25個知名的全球再保險合作伙伴的支持下,Cowbell服務於50個美國州,哥倫比亞特區和英國的中小企業,評估全球收入高達10億美元的企業。Cowbell成立於2019年,總部位於舊金山灣區,員工遍佈美國、加拿大、印度和英國。
For more information, please visit .
有關更多信息,請訪問 。
About Zurich Insurance Group
Zurich Insurance Group (Zurich) is a leading multi-line insurer serving people and businesses in more than 200 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience. Reflecting its purpose to 'create a brighter future together,' Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and has the highest-possible ESG rating from MSCI. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil. The Group has about 60,000 employees and is headquartered in Zurich, Switzerland. Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information is available at .
關於蘇黎世保險集團
蘇黎世保險集團(Zurich)是一家領先的多元化保險機構,在200多個國家和地區爲人們和企業提供服務。蘇黎世成立於150年前,正在推動保險行業的轉型。除提供保險保護外,蘇黎世還越來越多地提供旨在促進生活福祉和提高氣候韌性等方面的預防服務。蘇黎世希望成爲世界上最負責任和有影響力的公司之一,實現2050年淨零排放,並獲得MSCI的最高ESG評級。2020年,蘇黎世啓動了蘇黎世森林項目,支持巴西的森林重新種植和生物多樣性恢復。集團擁有約60,000名員工,總部設在瑞士蘇黎世。蘇黎世保險集團股份有限公司(ZURN)在瑞士證券交易所上市,擁有一級美國存託憑證(ZURVY)計劃,可在OTCQX上進行買賣。更多信息請訪問。
Cowbell US Media Contact
John Kreuzer
Lumina Communications for Cowbell
[email protected]
+1.408.963.6418
Cowbell美國媒體聯繫方式
John Kreuzer
Cowbell的 Lumina Communications
[email protected]
+1.408.963.6418
Cowbell UK Media Contact:
Kirsty Jarvis
Luminous PR for Cowbell
+44 (0) 7966 291216
[email protected]
Cowbell UK媒體聯繫人:
Kirsty Jarvis
Cowbell的Luminous公共關係
+44 (0) 7966 291216
[email protected]
SOURCE Cowbell
來源:Cowbell