Multiply Labs Raises $20M in Series A Funding
20 Apr, 2021
– 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’s broker-focused approach utilizes its AI capabilities to analyze unique and proprietary sets of data to better predict and prevent loss.