Corvus Insurance: $100 Million Series C Funding And $750 Million Valuation

25 Mar, 2021

Corvus Insurance: $100 Million Series C Funding And $750 Million Valuation
Photo by tribesh kayastha on Unsplash

– Corvus is a leading provider of smart commercial insurance products powered by AI-driven risk data.
– The company raised $100m in Series C funding.
– The round was led by and included all of its previous institutional investors.
– This funding round increased Corvus’s valuation to $750m.
Insight Partners’ Managing Director Deven Parekh will join the Corvus Board of Directors, and Principal David Spiro will join as a Board Observer.
– Corvus’s broker-focused approach utilizes its artificial intelligence capabilities to analyze unique and proprietary sets of data to better predict and prevent loss.
– The US commercial insurance market is large, generating over $400 billion per year in premium.

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