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Corvus Insurance - About the company

Corvus Insurance is an acquired company based in Boston (United States), founded in 2017. It operates as an AI based policy development software for the commercial insurance industry. Corvus Insurance has raised $162M in funding from investors like Insight Partners, .406 Ventures and Bain Capital Ventures, with last known valuation of $*****. The company has 14 active competitors, including 5 funded and 3 that have exited. Its top competitors include companies like Stoïk, Sayata and Limit.

Company Details

AI based policy development software for the commercial insurance industry. It offers first party and third party coverage for technology services, technology products, and professional services. It also uses proprietary risk models built on data points from IoT sensors to inform underwriting, coverage, and rate while also helping to minimize or prevent cargo damage.
Social
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Part Of
Registered Address
Rīga, Rūpniecības iela 52
Key Metrics
Founded Year
2017
Location
Boston, United States
Stage
Acquired
Total Funding
$162M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on Mar 11, 2021
Ranked
Employee Count
87 as on Aug 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Travelers (Nov 03, 2023)

Corvus Insurance's acquisition details

Corvus Insurance got acquired by Travelers on Nov 03, 2023.
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Corvus Insurance's funding and investors

Corvus Insurance has raised a total funding of $162M over 4 rounds. Its first funding round was on Feb 26, 2018. Its latest funding round was a Series C round on Mar 05, 2021 for $*****. 4 investors participated in its latest round. Corvus Insurance has 13 institutional investors.

Here is the list of recent funding rounds of Corvus Insurance:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Mar 05, 2021
2488774
Series C
5261002
9356257
3169080
6018124
Dec 19, 2019
7636237
Series B
1060941
7407401
3444287
Nov 09, 2018
6769358
Series A
8628131
2790789
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Corvus Insurance's founders and board of directors

Founder? Claim Profile

Corvus Insurance's Board of Directors

Corvus Insurance's board has 6 active members. Deven Parekh, Ellen Rubin, Marcus Bartram, Graham Brooks, Philip Edmundson and Kevin Kelley are independent board members.
Here is the list of Corvus Insurance's board of directors:
Name
Type
Representing
Status
Duration
Independent board member
-
Current
5y 5m
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Independent board member
-
Current
5y 9m
mxl{kjz
Independent board member
-
Current
8y 1m
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Independent board member
-
Current
2y 3m
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Independent board member
-
Current
3y 1m
jxrqiav
Independent board member
-
Current
8y 4m

Corvus Insurance's employee count trend

Corvus Insurance has 87 employees as of Aug 26. Here is Corvus Insurance's employee count trend over the years:
Employee count trend for Corvus Insurance
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Corvus Insurance's Competitors and alternates

Top competitors of Corvus Insurance include Stoïk, Sayata and Limit. Here is the list of Top 10 competitors of Corvus Insurance, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Stoïk
Stoïk
2021, Paris (France), Series C
Provider of cyber insurance coverage and cybersecurity risk management solutions
$77.2M
68/100
2nd
Logo for Sayata
Sayata
2016, Boston (United States), Acquired
Insurance quoting solutions for the insurance industry
$60M
64/100
3rd
Logo for Corvus Insurance
Corvus Insurance
2017, Boston (United States), Acquired
AI based policy development software for the commercial insurance industry
$162M
64/100
4th
Logo for Limit
Limit
2020, Walnut (United States), Series B
Online marketplace offering commercial insurance products
$14.5M
58/100
5th
Logo for Telivy
Telivy
2021, San Francisco (United States), Acquired
Quoting & workflow management software for insurers
$2.6M
42/100
6th
Logo for Coinnect
Coinnect
2017, Mendrisio (Switzerland), Seed
Provider of solutions to assess, mitigate, and manage cyber security risks for insurance industry
-
33/100
7th
Logo for Adri
Adri
2023, San Francisco (United States), Funding Raised
AI insurance solutions tailored for businesses
-
29/100
8th
Logo for Ukon
Ukon
2016, Pittsburgh (United States), Seed
Provider of cyber insurance solutions, risk assessment, and tech E&O alignment
-
26/100
9th
Logo for Dheemai
Dheemai
2025, Lewes (United States), Seed
Provider of insurance solutions including cyber insurance
$125K
23/100
10th
Logo for Celerity Pro
Celerity Pro
2018, New York City (United States), Unfunded
Data loss prevention solutions for enterprises
-
-
19/100
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Looking for more details on Corvus Insurance's competitors? Click here to see the top ones

Corvus Insurance's Investments and acquisitions

Corvus Insurance has acquired 2 companies including Tarian Underwriting and Wingman Insurance. Corvus Insurance has not made any investments as of now.

Reports related to Corvus Insurance

Here is the latest report on Corvus Insurance's sector:

News related to Corvus Insurance

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Media has covered Corvus Insurance for 1 event in last 1 year, It was about people movement.
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