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
About us
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.
- Website
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http://www.fairmatic.com
External link for Fairmatic
- Industry
- Insurance
- Company size
- 51-200 employees
- Headquarters
- New York
- Type
- Privately Held
- Founded
- 2019
Locations
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Primary
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New York, US
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Tel-Aviv, IL
Employees at Fairmatic
Updates
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Introducing FairTRAC – transforming how insurance claims are handled. FairTRAC revolutionizes the claims journey with AI – turning voice into structured data, matching claims to telematics, and giving fleets real-time visibility into every step. It’s not just about efficiency – it’s about enhancing the driver’s experience, making incident reporting faster, simpler, and less stressful. No more black boxes. No more endless forms. Just faster, smarter, and more transparent, data-driven claims. Innovation isn't optional. It’s the future. #AI #Insurtech #Innovation #Transparency #FairTRAC
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Fairmatic partner Onfleet & their new partner Racklify, are bringing top-notch resources to carriers and couriers, while Onfleet’s integration with Fairmatic continues to help lower insurance rates and optimize staff management. 📉 Teamwork makes the dream work! 🚚 #FleetInsurance #Onfleet #Racklify #LastMileDelivery #InsurTech
Racklify is thrilled to announce its partnership with Onfleet the leader in last-mile delivery management software! 🚚 Through this collaboration, Racklify and Onfleet are bringing top-notch resources to carriers and couriers, enabling streamlined delivery operations from order to doorstep. 📦 Our partnership will deliver valuable content, starting with guides on key integrations and tech advances to reduce costs and increase efficiency. Learn how to leverage Onfleet’s integration with Fairmatic to lower insurance rates, optimize staff management with When I Work , and explore AR’s potential in last-mile delivery! 📈 Stay competitive with essential features like route optimization, real-time tracking, and customer notifications. This is just the beginning of Racklify and Onfleet’s journey to transform delivery management! 💪 Read More: https://lnkd.in/epkbmnpq #Logistics #3PL #DeliveryManagement #Onfleet #Racklify #LastMileDelivery #Efficiency #RouteOptimization #AR #TechInLogistics #SupplyChainInnovation #CustomerSatisfaction #FutureOfDelivery #RacklifyNews
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Fairmatic is happy to announce our inclusion in Tracxn's, "Emerging Startups of Internet-First Insurance Platforms," highlighting the top companies in the industry from across the globe! 🏆 🌎 Fairmatic is recognized as a #Soonicorn - a testament to our innovative approach & impact in the #insurtech space. It also reflects our team's dedication to reshaping insurance with technology-first solutions. A big "thank you" to Tracxn for your acknowledgment in this #award series! 🚀 #TraxcnAwards #Innovation #Fintech #AutoInsurance
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