The round was led by Motive Ventures along with Tokio Marine Future Fund, marking a significant step in Korr's journey to modernize insurance technology. Early investors include Plug and Play Ventures.

Korr is an insurtech startup transforming the insurance industry by replacing outdated, brittle legacy technology with a cloud-native operating system for claims processing and policy administration. Korr is specifically designed to save on switching costs, enabling carriers to feasibly convert their historical data to the cloud.