Cowbell Cyber has launched an AI-backed continuous underwriting platform for risk assessment. The start-up is targeting the product toward the small and mid-size business market. Its system combines external data, including threat databases and dark web catalogues, with internal information from security aggregators about insured companies. Cowbell Cyber has won 2bn in seed funding from cybersecurity, insurance and AI firms. Premiums in the cyber insurance market reportedly more than doubled between 2015 and 2018 to $$3.3m.
Cowbell Cyber has launched an AI-backed continuous underwriting platform for risk assessment. The start-up is targeting the product toward the small and mid-size business market. Its system combines external data, including threat databases and dark web catalogues, with internal information from security aggregators about insured companies. Cowbell Cyber has won $3.3m in seed funding from cybersecurity, insurance and AI firms. Premiums in the cyber insurance market reportedly more than doubled between 2015 and 2018 to $2bn.