FX.co ★ Cowbell Receives $60 Mln Series C Equity Funding From Zurich Insurance Group

Cyber insurance provider Cowbell announced on Friday the successful closing of a $60 million Series C equity investment from Zurich Insurance Group (ZURVY).

Cowbell intends to utilize this funding to scale its operations, meet growing demand, and expand into key international markets. Additionally, the company aims to enhance its cyber resilience services and introduce new products to the market.

Zurich's investment emphasizes its dedication to offering advanced cyber protection and resilience solutions, catered especially to SMEs and the middle market.

Sierra Signorelli, CEO of Commercial Insurance at Zurich, stated, "Cyber threats remain a significant 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 robust support system for our customers."