Fairmatic provides fleet insurance powered by data and AI, focused on helping fleets save money and grow their business.

Fairmatic

Fairmatic is creating a new commercial insurance category by delivering the first data-driven fleet insurance that rewards safety with savings. Fairmatic’s new approach leverages AI-powered technology in combination with deep telematics data to drive meaningful cost savings for fleets by valuing responsible driving leading to safer roads. The Fairmatic 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 by Jonathan Matus, a serial technologist who helped launch Android and Facebook mobile, Fairmatic is fundamentally reimagining commercial auto insurance from the ground up to make roads safer one fleet at a time. Fairmatic has raised a total of $88M from Battery Ventures, Foundation Capital, Aquiline Technology Growth and insurtech, fintech and technology investors, including Jerry Yang,  Oren Zeev, and Bill Tai.

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 globalrecruitment@fairmatic.com.

Foundation Capital

Aquiline Technology Growth

Assaf Wand

Bill Tai

Jerry Yang

Oren Zeev

Bridge Bank

Battery Ventures

Exciting day for the Fairmatic team! We just raised $46 million to advance AI innovation in commercial auto insurance. This Series B round is led by Battery Ventures' Marcus Ryu and brings our total funding to $88M.

For decades, commercial auto insurance has faced complex and underserved needs. Fairmatic's unique approach fills this long-standing gap. By leveraging data and AI, we're reframing the way we analyze and manage risk, ultimately improving safety and profitability for fleet businesses powering the economy. 

https://bit.ly/3JfOuMs

#innovation #ai #insurance #data

Credit Karma (Intuit) has announced its acquisition of Zendrive. 🏁

“Zendrive was the first to unlock the mobile phone as a #telematics instrument, pioneering the use of #machinelearning and deep learning in the space before #AI became mainstream...”

Congratulations, from us at Fairmatic, to the world-class team at Zendrive for the significant milestone. 🚀

Fairmatic is thrilled to announce our new office in #Bangalore!

A significant milestone as we expand our presence in the #insurtech space and continue to grow together as a team.

Big shoutouts to everyone who made this possible - it was a challenge that ended in joyous celebration!

The festivities included sugary treats, goodies, music & a whole lotta dancing!

🚀 #FairmaticBLR 🎉

Big things ahead!

We're #hiring a new Data Scientist in Tel Aviv District. Apply today or share this post with your network.

We're #hiring a new Senior Machine Learning Engineer in Tel Aviv District. Apply today or share this post with your network.

We're #hiring a new Senior Product Designer in Tel Aviv District. Apply today or share this post with your network.

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