Proceeds from the Telstra Ventures-led series B round will allow Corvus to accelerate insurance technology development and build tools to improve its risk management.

Telstra Ventures, the corporate venturing subsidiary of telecommunications firm Telstra, has led a $32m series B round for US-based insurance technology provider Corvus Insurance. The round also featured Bain Capital Ventures, the venture capital arm of private equity firm Bain Capital, in addition to asset manager Hudson Structured Capital Management and VC firms Obvious Ventures…

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