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.
- Website
- www.corvusinsurance.com/
- 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
Investors
Ranked
3rd among 14 active competitors
Employee Count
87 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Travelers (Nov 03, 2023)
Legal entities associated with Corvus Insurance
Corvus Insurance is associated with 6 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CORVUS INSURANCE HOLDINGS, INC. CIN: 213387392 , United States, Active | Jun 14, 2023 | - | - | - |
Corvus Underwriting GmbH CIN: M1201_HRB125693 , Germany, Active | Dec 11, 2021 | - | - | |
CORVUS COMPANY CIN: 40103138898 , Latvia, Active | Oct 21, 1994 | €1M - €10M (As on Dec 31, 2024) | 19 (As on Dec 31, 2022) | - |
CORVUS CIN: 53603069811 , Latvia, Deadpooled | May 13, 2015 | €0 - €1M (As on Dec 31, 2019) | 1 (As on Dec 31, 2019) | - |
CORVUS AGENCY LIMITED CIN: 10336579 , United Kingdom, Active | Aug 17, 2016 | - | - | |
CORVUS INSURANCE HOLDINGS, INC. CIN: 814981134 , United States, Active | Dec 31, 1999 | - | 226 (As on Dec 31, 2023) | - |
Corvus Insurance's acquisition details
Corvus Insurance got acquired by Travelers on Nov 03, 2023.
Click here to take a look at Corvus Insurance's acquisition in detail
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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:
Filter 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 |
View details of Corvus Insurance's funding rounds and investors
Corvus Insurance's founders and board of directors
Founder? Claim ProfileCorvus 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 | |
fffuynr | Independent board member | - | Current | 5y 9m |
mxl{kjz | Independent board member | - | Current | 8y 1m |
upabgqp | Independent board member | - | Current | 2y 3m |
oj{gq{d | 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:
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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:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of cyber insurance coverage and cybersecurity risk management solutions | $77.2M | 68/100 | ||
2nd | Sayata 2016, Boston (United States), Acquired | Insurance quoting solutions for the insurance industry | $60M | 64/100 | |
3rd | Corvus Insurance 2017, Boston (United States), Acquired | AI based policy development software for the commercial insurance industry | $162M | 64/100 | |
4th | Limit 2020, Walnut (United States), Series B | Online marketplace offering commercial insurance products | $14.5M | 58/100 | |
5th | Telivy 2021, San Francisco (United States), Acquired | Quoting & workflow management software for insurers | $2.6M | 42/100 | |
6th | Coinnect 2017, Mendrisio (Switzerland), Seed | Provider of solutions to assess, mitigate, and manage cyber security risks for insurance industry | - | 33/100 | |
7th | Adri 2023, San Francisco (United States), Funding Raised | AI insurance solutions tailored for businesses | - | 29/100 | |
8th | ![]() Ukon 2016, Pittsburgh (United States), Seed | Provider of cyber insurance solutions, risk assessment, and tech E&O alignment | - | 26/100 | |
9th | Dheemai 2025, Lewes (United States), Seed | Provider of insurance solutions including cyber insurance | $125K | 23/100 | |
10th | Celerity Pro 2018, New York City (United States), Unfunded | Data loss prevention solutions for enterprises | - | - | 19/100 |
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
Media has covered Corvus Insurance for 1 event in last 1 year, It was about people movement.
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Functional Finance Secures $20M Series A Funding Led by Walkabout VenturesForexTV•Sep 19, 2024•Functional Finance, Munich Re, Walkabout Ventures, Corvus Insurance and 3 others
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Cyber underwriter Corvus expands coverage limits and servicesReinsurance News•May 30, 2024•Corvus Insurance
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Travelers: the acquisition of the Insurech Corvus is completedFortuneo•Jan 03, 2024•Corvus Insurance, Travelers
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Corvus, Travelers expand cyber underwriting partnershipIntelligentinsurer•Sep 21, 2023•Travelers, Corvus Insurance
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Corvus Insurance Named “MGA of the Year” by Insurance InsiderBusiness Wire•Sep 12, 2023•Corvus Insurance
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AXIS Appoints Lori Bailey to Lead Global Cyber and TechnologyInsuranceNewsNet•Jul 18, 2023•AXIS Capital, Corvus Insurance
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