Today we are thrilled to announce Corvus has secured $32 million in Series B venture funding.
The round is led by Telstra Ventures, with participation from Obvious Ventures as well as existing Corvus investors including .406 Ventures, Bain Capital Ventures, and Hudson Structured Capital Management. Marcus Bartram, Partner at Telstra Ventures, will join our Board of Directors.
With this latest round of funding, we will continue growing within our existing product lines as well as accelerating the development of new technologies and tools to improve risk management, particularly to meet the needs of larger clients dealing with complex cyber risk.
We believe that commercial insurance has failed both brokers and policyholders when it comes to cyber risk, and we are obsessed with changing that outcome. We see a future where brokers act as educated advisors on cyber risk, armed with better options for risk assessment, coverage and risk management for their clients. Empowering brokers to provide this level of service to clients of all sizes, large and small, is how we at Corvus will make the world safer. We are so pleased to have the support of investors who share in this vision.
To read more about our announcement, see our coverage in VentureBeat and Carrier Management.
Corvus Insurance, a wholly owned subsidiary of The Travelers Companies, Inc., is building a safer world through insurance products that help to reduce cyber risk for policyholders. Corvus Insurance's Smart Cyber Insurance® and Smart Tech E+O® products include broad coverage, in-house claims handling, and risk prevention services that help prevent cyberattacks through threat alerts for policyholders and the partnership of our in-house cybersecurity experts.
Corvus Insurance offers insurance products in the U.S., Middle East, Europe, Canada, and Australia. Corvus Insurance, Corvus London Markets, and Corvus Germany are the marketing names used to refer to Corvus Insurance Agency, LLC; Corvus Agency Limited; and Corvus Underwriting GmbH. All entities are subsidiaries of Corvus Insurance Holdings, Inc. For more information, visit corvusinsurance.com.
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