Avanta Ventures portfolio companies Cowbell Cyber and Cape Analytics have been recognized on CB Insights’ inaugural Insurtech 50 list, which showcases the 50 most promising private insurtech companies across the globe.

Cybercrime is on the rise, and today an insurance startup that’s built an artificial intelligence-based platform to help manage the risks from that is announcing a big round of funding to meet the opportunity. Cowbell Cyber, a full-stack insurance company that provides cyber insurance to SMEs, has closed a Series B of $100 million, which it will be using to continue investing in its data science and “risk engineering”, as well as underwriting tech, claims management, its reinsurance business Cowbell Re and expanding its go-to-market channels. The company — based out of Pleasanton and active so far only in the U.S. […]