Corvus

Boston, MA Insurance Acquired

Corvus Insurance is an industry-leading cyber insurance managing general underwriter (MGU) powered by proprietary AI-driven technology. Founded in 2017, Corvus offers intelligent underwriting, cyber vulnerability scanning, and digital connectivity to customers and distribution partners. The platform includes the Corvus Risk Navigator™, an AI-powered underwriting system, and Smart Cyber Insurance® products with broad coverage, in-house claims handling, and risk prevention services.

Acquired

Corvus has been acquired

Acquired by The Travelers Companies, Inc. January 2, 2024 $435M

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2017

Employees

200–250

Total Funding

$146M

4 rounds

Latest Valuation

$0.75B

March 5, 2021

Funding

Total raised $146M across 4 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series C

Date

March 5, 2021

Amount

$100M

Valuation

$0.75B

Lead Investors

Insight Partners
DateRoundAmount RaisedValuationLead Investors
March 5, 2021 Series C $100M $0.75B Insight Partners
January 9, 2020 Series B $32M Telstra Ventures
November 26, 2018 Series A $10M .406 Ventures

Prominent Investors

Fin TLV Aquiline Technology Growth

Leadership

  • Madhu Tadikonda

    Chief Executive Officer

  • Phil Edmundson

    Executive Chair and Chair of the Board (Founder)

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Coalition

    Largest cyber insurance provider by policy count; strong in technology and professional services with offerings for ransomware, email compromise, and integrated cybersecurity tools

  • Berkley Cyber (W.R. Berkley)

    Cyber insurance operation of W.R. Berkley; brings traditional carrier capacity, financial stability, and broad appetite across industries

  • Beazley

    Specialty insurer offering cyber insurance and underwriting services across multiple sectors

  • Cowbell Cyber

    Adaptive cyber insurance provider focused on small and medium-sized enterprises with purpose-built SMB coverage

  • At-Bay

    Cyber insurance provider that rewards documented security sophistication and best practices

  • Resilience

    Cybersecurity risk management and insurance provider focused on financial services and technology sectors

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Data collected with AI, which can make mistakes. Please double-check this information.