The historical name of this function is the suversed sine, suversine, or susinus versus, and is abbreviated $\operatorname{suvers}(x)$. (Similarly, the function $1 + \sin(x)$ is called the cosuversine or sucoversine.) The earliest use of this name may be in 1801 by Joseph de Mendoza y Rios.
We see in Gregory and Law's 1862 Mathematics for Practical Men,
- The suversine of an arc is the versed sine of its supplement, as $A'D$.
In Snowball's 1837 The elements of plane trigonometry, we see
- The versed sine of the supplement of the $\angle BAC$ is called the suversine of the $\angle BAC$;
or, $\operatorname{suversin}\angle BAC = \operatorname{versin}(180^\circ -\angle BAC).$
Curiously, this source does not reference the coversine (or sucoversine) at all.
Thomas Kerigan (1828) uses the term "versed sine supplement".
In The Monthly Review, For October, 1806. Art. II, it is suggested that Joseph de Mendoza y Rios is the originator of the name, from his Tables for Navigation (1806):
We have mentioned certain terms, suversed, sucoversed, &c. which are novel in mathematical language; and M. Mendoza is, we believe, the author of the "callida junctura."— We subjoin the values of these lines, from which our readers may easily discern the reason for their denomination. Suppose the radius 1
\begin{align}
\text{then} \operatorname{versin.} A &= 1 - \operatorname{cos.} A \\
\operatorname{suvers.} A &= 1 + \operatorname{cos.} A \\
\operatorname{covers.} A &= 1 - \operatorname{sin.} A \\
\operatorname{sucovers.} A &= 1 + \operatorname{sin.} A
\end{align}
Actually, the suversed sine and sucoversed sine are mentioned in Mendoza's earlier 1801 set of tables.
However, no justification for the terms is given, which suggests that they were either already in common use or had sufficiently obvious names.