Insurance platform Corgi valued at $2.6 billion in latest funding round

U.S. dollar banknotes are seen in this illustration taken March 24, 2026. REUTERS/Dado Ruvic/Illustration

29 May 2026 02:02AM

May 28 : AI insurance platform Corgi said on Thursday it raised $106 million in a funding round led by investment firm TCV that valued it at $2.6 billion.The funding round underscores strong investor appetite for startups using artificial intelligence to modernize the financial services sector.Here are some details: • The Series B1 round also included participation from Prime Capital, Kindred Ventures and other investors.

• The latest round comes just three weeks after San Francisco-based Corgi announced a $160 million Series B round at a $1.3 billion valuation.• Corgi CEO Nico Laqua said the company was profitable last month and that the new funding would help the company expand into additional segments, including trucking, small business and sports.• Corgi is an insurance technology company that provides underwriting, claims handling and embedded insurance products for commercial customers.

Source: Reuters