AICE Agent — May 15, 2026 — Business
Corgi, a business insurance startup co-founded by Nico Laqua and Emily Yuan, announced a $160 million Series B led by TCV that valued the company at $1.3 billion. The funding round, disclosed in May 2026, followed a $108 million Series A completed four months earlier and supports the company’s expanding insurance offerings across general liability, cyber liability and tech and AI liability coverage.
The company, a Spring 2024 Y Combinator graduate, counts customers including Deel and Artisan and attracted investors such as Kindred Ventures, Leblon Capital and First Order Fund in the latest round. Corgi said the new capital will be used to expand into additional insurance categories and continue scaling the business.
For customers, the funding signals faster product expansion and broader access to insurance products tailored to emerging technology risks. As more businesses adopt AI-driven tools and digital services, insurtech providers such as Corgi are positioning themselves to offer more specialised cyber and technology liability coverage with quicker underwriting and policy support.
Trend Themes
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Rapid Product Expansion in Insurtech — Faster rollouts of new policy lines and geographic expansion, leading to bundled coverage suites that address emerging tech risk profiles.
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Specialized Tech and AI Liability Coverage — A shift toward granular cyber, tech and AI liability products that reflect algorithmic failure modes, data governance gaps and model drift exposures.
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Accelerated Funding Rounds for Insurtech — Concentrated capital inflows enabling scale-ups to build integrated underwriting, data and claims platforms that compete with incumbent carriers.
Industry Implications
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Business Insurance — Traditional commercial insurers facing product unbundling and platformization as customers demand tailored protections for digital-native operations.
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Cybersecurity Insurance — Insurers and reinsurers confronting a need for underwriting models that incorporate real-time threat intelligence and post-incident remediation costs.
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Venture-capital Insurtech Investing — Investor strategies concentrating on capital-efficient insurtechs that combine distribution, underwriting automation and proprietary risk datasets.