PLEASANTON, Calif., August 13, 2024 – Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), today announced it’s ranking at No. 13 on the 2024 Inc. 5000, the esteemed annual list of the fastest-growing private companies in America.
Inc. ranks companies based on their percentage revenue growth, providing a data-driven look at the most successful companies within the economy’s most dynamic segment: independent, entrepreneurial businesses. Many household-name brands gained their first national exposure as honorees on the Inc. 5000, including Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia.
Since its founding in 2019, Cowbell has equipped SMEs with flexible cyber insurance coverage that keeps pace with the evolving threat landscape. Over the past few years, cyberattacks have increased in number and severity. Cybercrime is estimated to reach $24 trillion by 2027, and ransomware attacks alone cost small businesses $1.7 million per incident on average. Cowbell continues to deliver on its commitment to serve the SME market, providing advanced warning of cyber risk, resources to prevent and mitigate attacks, and customized cyber insurance adaptable to the threats of today and tomorrow.
“It is an honor to have Cowbell ranked in the top 20 of Inc.’s fastest-growing company list,” said Andrea Collins, CMO at Cowbell. “Through our data-driven, AI-powered approach, we anticipate and address the evolving needs of the SME market, enabling our consistent growth. We are excited to continue leading and innovating in the cyber insurance industry.”
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, Editor-in-Chief of Inc. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
Cowbell’s recognition on the Inc. 5000 list comes after its $60 million Series C funding round, led by Zurich Insurance Group, which Cowbell will use to scale its operations and advance global adoption of cyber insurance in the SME market.
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.
For more information, please visit https://cowbell.insure/.
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