Corgi

AMW Analysis

Corgi is an AI-native, full-stack insurance carrier founded in 2024 and based in San Francisco, targeting high-growth startups by automating underwriting and claims. Its model replaces traditional brokerage and legacy workflows with instant, AI-driven quoting and adaptive coverage, using its Hammurabi AI model for direct underwriting and controlling the policy lifecycle by owning the license stack from brokerage to reinsurance, including reinsurance. Backers include Khosla Ventures, Y Combinator, Kindred Ventures, and Tekedia Capital.

Funding activity has accelerated sharply. The company raised $108 million at a $630 million valuation following 2025 regulatory approval, reporting over $40 million in ARR within months and expansion into the UK. It then closed a $160 million Series B in May at a $1.3 billion valuation, followed roughly eight weeks later by a further $106 million B1 extension at $2.6 billion, and reportedly a second extension at a $4 billion valuation shortly after that. This rapid succession of raises within a short span marks a pronounced escalation in valuation and capital intake compared to the company's initial funding round.

AMW analysis, generated from 4 tracked news signals.