At Fairmatic we’re on a mission to make roads safer, one fleet at a time. We think about insurance, risk and underwriting in an unconventional way. Auto insurance has alway been unfair: safe and unsafe drivers that look alike pay the same. Because of this, safe drivers end up subsidizing risky ones. It doesn’t make sense.
We’re using data and AI to introduce a personalized option that incentivizes safe driving with savings. Our predictive risk models have been trained with nearly 200 billion miles of driving data and tested with hundreds of thousands of paying drivers with industry-leading underwriting results. And we’re just getting started.
Our leadership team includes serial entrepreneurs, insurance industry savants and start-up veterans.
At Fairmatic we do our best work while living our best lives, regardless of where we are. We have thriving teams across the globe and we are constantly looking for talented folks to welcome into the family. We are a curious, adaptable and diverse bunch of technologists and problem solvers who are obsessed about creating positive impact in the world. In our work together, we strive for close collaboration, humbleness and constant learning.
We’re using data and AI to introduce a personalized option that incentivizes safe driving with savings. Our predictive risk models have been trained with nearly 200 billion miles of driving data and tested with hundreds of thousands of paying drivers with industry-leading underwriting results. And we’re just getting started.
Our leadership team includes serial entrepreneurs, insurance industry savants and start-up veterans.
At Fairmatic we do our best work while living our best lives, regardless of where we are. We have thriving teams across the globe and we are constantly looking for talented folks to welcome into the family. We are a curious, adaptable and diverse bunch of technologists and problem solvers who are obsessed about creating positive impact in the world. In our work together, we strive for close collaboration, humbleness and constant learning.
Location: United States, New York
Employees: 51-200
Total raised: $88M
Founded date: 2019
Investors 4
| Date | Name | Website |
| - | Enjoy The ... | enjoythewo... |
| 28.03.2023 | Foundation... | foundation... |
| 27.10.2023 | PROOF Fund | proof.vc |
| - | R-Squared ... | r2vc.com |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 16.03.2023 | - | $46M | - |
| 31.08.2022 | Series A | $42M | Foundation... |
Mentions in press and media 11
| Date | Title | Description |
| 04.09.2024 | Onfleet Announces Integration Partnership with Fairmatic to Optimize Delivery Driver Performance and Lower Insurance Costs | The integration represents Onfleet's commitment to empowering businesses with seamless, scalable and innovative delivery management solutions SAN FRANCISCO, Sept. 4, 2024 /PRNewswire-PRWeb/ -- Onfleet, the fastest growing last mile delivery... |
| 16.03.2023 | Fairmatic raises $46 million | Commercial auto insurance startup Fairmatic Fairmatic Founded: 2019 Headquarters: San Francisco, CA, US Total Funding: $88M See full company profile "> has raised $46 million in new funding led by Battery Ventures, with participatio... |
| 16.03.2023 | Fairmatic Raises $46M in Funding | Fairmatic, a New York, Bangalore, India and Tel Aviv, Israel-based AI-powered commercial auto insurance company, raised $46M in funding. The round, which brought its total financing to $88M, was led by Battery Ventures with participation fr... |
| 16.03.2023 | Fairmatic Raises $46 Million to Drive AI Innovation in Commercial Auto Insurance | AI-powered commercial auto insurance company Fairmatic announced it has raised $46 million in new funding, six months after its oversubscribed Series A, bringing its total financing to $88 million. Battery Ventures led the round with partic... |
| 16.03.2023 | Fairmatic raises $46M to bring AI to commercial auto insurance | With inflation sparking an increase in the cost of repairs, labor and claims, fees for insurance are similarly spiking across the board. Car insurance premiums rose 13.7% nationally over the past year, according to a study from Bankrate.com... |
| 31.08.2022 | Fairmatic Raises $42 Million to Redefine Commercial Auto Insurance With Data and AI | Insurtech 2.0 company Fairmatic destealths a unique offering that pioneers an unconventional approach to fleet insurance — focused on enabling savings for safer fleets and improving road safety for all. Fairmatic is led by an all-star team ... |
| 31.08.2022 | Fairmatic raises $42 million | Fairmatic, Fairmatic Founded: 2019 Headquarters: San Francisco, CA, US Total Funding: $42M See full company profile "> an “insurtech 2.0 company,” has raised $42 million in Series A funding led by Foundation Capital and Aquiline Tec... |
| 31.08.2022 | Fairmatic Raises $42M in Series A Funding | credit: Fairmatic Fairmatic, a New York and Bangalore, India and Tel Aviv, Israel-based commercial auto insurtech company, raised $42M in Series A funding. The round was led by Foundation Capital, along with Aquiline Technology Growth. The ... |
| - | Fleet Insurance AI Company Fairmatic Raises $46 Million | AI-powered fleet software startup Fairmatic has just raised $46 million in a Series B funding round led by Battery Ventures. The company, which using AI to create more accurate risk profiles of business vehicles for insurance purposes, now ... |
| - | Commercial Auto Insurance Company Fairmatic Secures $46 Million | Fairmatic announced it raised $46 million in funding. These are details. AI-powered commercial auto insurance company Fairmatic announced it has raised $46 million in new funding, which is 6 months after its oversubscribed Series A, bringin... |
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