Fairmatic Raises $42M To Redefine Commercial Auto Insurance With Data And Ai

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Fairmatic is shaping Insurtech 2.0 by delivering the first data-driven fleet insurance that rewards safety with savings. Fairmatic's unconventional approach to fleet insurance leverages AI-powered technology in combination with troves of telematics data to create meaningful cost savings for fleets, safer roads for society and a profitable business model. Fairmatic's underwriting model has been trained and tested with over 200 billion miles of driving data to help fleets proactively manage safety issues with actionable insights. Founded in 2017 by Jonathan Matus, a serial technologist who helped launch Android and Facebook mobile, Fairmatic is fundamentally reimagining commercial auto from the ground up to make roads safer, one fleet at a time. Following its latest Series A round, Fairmatic has raised a total of $42M from Foundation Capital, Aquiline Technology Growth and other insurtech, fintech and technology angel investors. Fairmatic is expanding its global team. Learn more about Fairmatic at fairmatic.com or join the team of unconventional, adaptable and curious technologists by reaching out to careers@fairmatic.com.