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Fairmatic uses data and artificial intelligence to provide auto insurance for fleets, focusing on proactive risk management and driver safety. Its product includes a fleet dashboard with safety tips, digital incident reporting, collision notifications, and data-driven claims to help fleets cut costs and move faster after incidents. The company offers performance-priced auto insurance, where monthly premiums can decrease based on ongoing data-driven performance rather than staying fixed for a contract period. It also provides a seamless claims management service and a broker experience designed to simplify interactions for brokers and their clients. Coverage is underwritten by leading insurers rated AM Best A- or higher, giving fleets confidence. Overall, Fairmatic combines data, AI, and fleet-specific services to deliver cost-effective, flexible auto insurance for fleet businesses.
Industries
Data & Analytics
Enterprise Software
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
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
Enterprise Software
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