About
Corvus is a cyber insurance MGA acquired by Travelers for $435M in January 2024. Founded 2017 in Boston. Built proprietary AI-driven cyber risk platform for underwriting and threat assessment. Had raised $147M+ from Bain Capital Ventures and .406 Ventures before exit. Book of business exceeded $200M premium. All products now on Travelers E&S paper. Combines real-time risk scanning with policy coverage for SMBs and mid-market.
Key Facts
- [1]Funding: Total funding: $162M. Last round: Jan 2024. Stage: Growth.
- [2]Employees: Employee count: 201-500.
- [3]Acquisition: Acquired by Travelers.
- [4]Company Type: Acquired company.
- [5]Website: Official website: corvusinsurance.com.
- [6]AI Technology: Core AI/ML technologies: Predictive ML.
- [7]Region: Region: Americas (United States).
Founder
Phil Edmundson
Founder & CEO
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Details
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Frequently Asked Questions
What is Corvus (Travelers)?
Corvus is a cyber insurance MGA acquired by Travelers for $435M in January 2024. Founded 2017 in Boston. Built proprietary AI-driven cyber risk platform for underwriting and threat assessment. Had raised $147M+ from Bain Capital Ventures and .406 Ventures before exit. Book of business exceeded $200M premium. All products now on Travelers E&S paper. Combines real-time risk scanning with policy coverage for SMBs and mid-market. Corvus (Travelers) is classified in the Insurance segment at the Models layer of the financial AI stack.
Who founded Corvus (Travelers)?
Corvus (Travelers) was founded by Phil Edmundson (Founder & CEO). The company was acquired by Travelers.
How much funding has Corvus (Travelers) raised?
Corvus (Travelers) has raised $162M in total funding, placing the company at the Growth stage. The most recent round closed in Jan 2024. Among 45 funded Insurance companies, Corvus (Travelers) ranks #26 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Corvus (Travelers) use?
Corvus (Travelers) primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Insurance segment, 28 companies use this technology.
What market segment does Corvus (Travelers) operate in?
Corvus (Travelers) operates in the Insurance market segment. AI insurance companies are modernizing one of the oldest financial sectors, applying machine learning to underwriting, claims processing, actuarial modeling, and risk assessment across property, casualty, health, and life insurance lines.
Where is Corvus (Travelers) headquartered?
Corvus (Travelers) is headquartered in Boston, United States. The company operates in the Americas region. The team consists of 201-500 employees. United States is home to 324 financial AI companies tracked by AIFI Map.
Who are Corvus (Travelers)'s competitors?
Companies similar to Corvus (Travelers) in the Insurance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Corvus (Travelers) offer?
Corvus (Travelers) builds models-layer solutions for the financial services industry. The company's core offering: AI-driven cyber insurance. The platform is powered by Predictive ML technology.
Is Corvus (Travelers) publicly traded?
Corvus (Travelers) is no longer independently traded. The company was acquired by Travelers. Prior to the acquisition, Corvus (Travelers) had raised $162M in venture funding.