Core Insights - Corgi Insurance has raised $108 million in funding and received regulatory approval to operate as the first AI-native, full-stack insurance carrier focused on start-ups [1][5] - The company aims to provide comprehensive insurance solutions for start-ups, emphasizing speed, coverage quality, and price [2][3] Funding and Backers - The funding round included participation from various investors such as Contrary, Glade Brook Capital Partners, Kindred Ventures, and Y Combinator, among others [1] - The capital raised will be utilized to expand insurance offerings and enhance product development [2] Business Model and Technology - Corgi operates as a full-stack carrier, managing the design and administration of insurance products internally, allowing for flexible policy adjustments as clients evolve [3] - The company leverages AI technology for underwriting, claims processing, and policy management, enabling instant quotations and adaptable coverage options [4] Market Focus and Offerings - Corgi's insurance portfolio targets venture-backed and fast-moving companies, offering coverage options such as AI liability, directors and officers liability, and cyber insurance [4] - Since receiving full regulatory approval in July 2025, the company has reported annual recurring revenue exceeding $40 million, indicating strong demand for its innovative insurance products [5]