USA –
BOSTON, MA, Corvus Insurance announced it has secured $100 million in Series C funding in a round led by Insight Partners.
Corvus Insurance, the leading provider of smart commercial insurance products powered by AI-driven risk data, today announced it has secured $100 million in Series C funding in a round led by global venture capital and private equity firm Insight Partners, and including all of its previous institutional investors, increasing Corvus's valuation to $750 million. This latest investment, following last year's $33 million Series B round, brings Corvus's total amount raised to date to $147 million. As part of the transaction, Insight Partners' Managing Director Deven Parekh will join the Corvus Board of Directors, and Principal David Spiro will join as a Board Observer.
Corvus partners with major insurers and acts as a Managing General Agency (MGA) to create broker-distributed, tech-enabled commercial insurance products that use novel data sets to predict and prevent commercial insurance claims. Corvus has already launched two Smart Commercial Insurance products: Smart Cyber Insurance and Smart Cargo Insurance.
Corvus
