Corvus Insurance Raises $32M, Accelerates Development of Smart Commercial Insurance Products

Corvus Insurance, a leading provider of commercial insurance products built on advanced data science, today announced it has secured $32 million in Series B venture funding. The round is led by Telstra Ventures with participation from Obvious Ventures and existing Corvus investors including .406 Ventures, Bain Capital Ventures and Hudson Structured Capital Management. Marcus Bartram, Partner at Telstra Ventures, will join Corvus's Board of Directors. Corvus leverages unique sets of data which it analyzes with AI techniques to help brokers and policyholders better predict and prevent loss, thereby delivering value to policyholders, brokers, underwriters and reinsurers. With this latest round of funding, Corvus will continue its growth trajectory within existing product lines as well as accelerate the development of new technologies and tools to improve risk management, particularly to meet the needs of larger clients dealing with complex cyber risk.