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Fairmatic provides auto insurance for fleet operators using data and AI. It combines a fleet management dashboard with safety tips, digital incident reporting, collision alerts, and data-driven claims to enable proactive risk management and faster claims. Its standout offering is performance-priced auto insurance, where fleets can lower their premium every month instead of paying a fixed rate. The product also includes a seamless claims process and a broker-friendly experience, with coverage backed by AM Best-rated insurers (A- or higher) for reliability. Compared to traditional insurers, Fairmatic emphasizes continuous cost reduction, data-driven safety improvements, and smoother risk management for fleets. The goal is to deliver cost-effective, flexible, and efficient auto insurance that keeps fleets on the road longer and helps brokers serve their clients better.
Industries
Data & Analytics
Fintech
AI & Machine Learning
Financial Services
Company Size
11-50
Company Stage
Series B
Total Funding
$88M
Headquarters
San Francisco, California
Founded
2019
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Total Funding
$88M
Above
Industry Average
Funded Over
2 Rounds
Industry standards
Unlimited Paid Time Off
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Professional Development Budget
Wellness Program
Remote Work Options
Onfleet Inc. has partnered up with the vehicle insurance company, Fairmatic, to improve your understanding of your drivers' performance with a free driver analytic dashboard that can reduce your insurance rates based on that information.
Commercial auto insurance startup. Fairmatic <i class="fa fa-info-circle company-popover" data-content="h3Fairmatic/h3. div
Fairmatic, a commercial auto InsurTech, has hired Jim Hinchley as president of insurance.
Fairmatic, an insurtech startup that offers data-driven fleet insurance, has announced that it has appointed Boaz Ram as Vice President of Product.
AI-powered commercial auto insurance company Fairmatic today announced it has raised $46 million in new funding, six months after its oversubscribed Series A, bringing its total financing to $88 million.
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Industries
Data & Analytics
Fintech
AI & Machine Learning
Financial Services
Company Size
11-50
Company Stage
Series B
Total Funding
$88M
Headquarters
San Francisco, California
Founded
2019
Find jobs on Simplify and start your career today