Corgi reaches $1.3 billion valuation in $160 million Series B
Updated
Updated · TechCrunch · May 6
Corgi reaches $1.3 billion valuation in $160 million Series B
4 articles · Updated · TechCrunch · May 6
TCV led the round, with Kindred Ventures, Leblon Capital and First Order Fund participating, bringing the business insurance startup's total funding to $268 million.
The raise comes four months after Corgi's $108 million Series A and makes the 2024-founded company Y Combinator's latest unicorn.
Founded by Nico Laqua and Emily Yuan from YC's Spring 2024 batch, Corgi sells general, cyber, tech and AI liability cover and counts Deel and Artisan as customers.
As legacy insurers retreat, is Corgi's AI risk coverage a brilliant innovation or a ticking time bomb for investors?
Does insuring AI flaws like 'hallucinations' and bias simply encourage tech companies to deploy riskier systems?