Corgi Insurance Inc., an AI-native insurance carrier built for startups, has raised $160 million in new funding at a $1.3 billion valuation. The company plans to expand its product range, deepen distribution, and move into new industries-starting with trucking.
Founded in 2024 and a graduate of Y Combinator's Summer 2024 batch, Corgi won regulatory approval as a licensed carrier in July 2025. Its AI systems handle underwriting, policy management, and claims in-house, eliminating the need for third-party administrators and brokers.
Traditional insurance infrastructure is slow and fragmented. Corgi says its platform analyzes thousands of data points to generate quotes in under 10 minutes, with policies bound the same day.
Coverage includes directors and officers liability, errors and omissions, cyber, commercial general liability, and a new AI liability product for biased algorithms, harmful generated content, and autonomous system failures.
The Series B round was led by TCV, with participation from Oliver Jung, Kindred Ventures, and others. This brings total funding to over $268 million.