David has raised $75.0M in total across 1 funding round.
David's investors include Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Matrix, Otherwise Fund, Spark Capital, Summit Partners.
DAVID Corporation is a technology company specializing in risk management software, including claims administration, policy management, underwriting, rating, and reporting solutions for self-insured organizations, brokers, insurance carriers, risk pools, and third-party administrators.[1][4] It helps clients reduce total cost of risk through collaborative tools, always-on data analytics, and workflows that enable real-time decisions on policies and claims, driving cost savings and productivity.[1] Founded in 1985, the company was acquired by Riskonnect in 2018, enhancing its position in property and casualty (P&C) markets like captives, healthcare, and risk retention groups with products such as the NAVRISK VISION suite.[4]
Other entities named "David" in tech include DAVID Technology Ltd (UK, incorporated 2020, focused on software publishing and computer wholesale),[2] DAVID Health Solutions (medical exercise tech for physiotherapy since 1981),[3] and Qingdao David Technology (Chinese manufacturer).[5] This profile centers on DAVID Corporation as the most established insurance tech player matching the query.
DAVID Corporation was founded in 1985, building on the legacy of leader Mark Dorn, who developed the industry's first PC-based Risk Management Information System (RMIS) and claims system in 1982, published early RMIS data standards in the 1990s, and created pioneering internet-based RMIS products.[1][4] Dorn's innovations addressed customer needs for advanced, mobile-friendly portals with HTML5, enhanced security, risk automation, and direct service capabilities.[1] The company evolved from core systems technology to comprehensive risk solutions, emphasizing strategy, data insights, and execution, with 86% of staff as technical and industry subject matter experts (SMEs).[1] A pivotal moment came in 2018 when Riskonnect acquired it, integrating DAVID's NAVRISK VISION Policy and Claims tools into a broader platform serving over 625 clients globally.[4]
DAVID Corporation rides the insurtech wave of digitizing risk management, where data analytics and automation address rising P&C complexities like claims leakage and regulatory demands.[1][4] Its timing aligns with midmarket self-insurance growth and post-2018 consolidation, as acquisitions like Riskonnect's bolster integrated platforms amid cloud shifts.[4] Market forces favoring it include demand for affordable, mobile-first tools in underserved segments like risk pools, influencing the ecosystem by setting standards for collaborative, analytics-driven risk tech that lowers total cost of risk for thousands of users.[1][4]
With Riskonnect's backing, DAVID's NAVRISK tools are poised for AI-enhanced analytics and global expansion, capitalizing on insurtech trends like predictive risk modeling and embedded insurance.[1][4] Evolving regulations and climate risks will amplify demand for its real-time decision engines, potentially growing its midmarket dominance. As the insurtech landscape consolidates further, DAVID's SME-heavy model positions it to shape efficient, data-powered risk ecosystems—reinforcing its role from pioneering RMIS innovator to essential operational backbone.[1][4]
David has raised $75.0M across 1 funding round. Most recently, it raised $75.0M Series A in May 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2025 | $75.0M Series A | Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, Flex Capital, Friends & Family Capital, Global Founders Capital, Greenoaks Capital, Matrix, Otherwise Fund, Spark Capital, Summit Partners, SV Angel, Theory Forge Ventures, Y Combinator, Azeem Azhar, Ben Tossell, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Siqi Chen, Thijn Lamers |
