Nirvana Insurance, an AI-based commercial insurance platform for the trucking industry, has raised a $100 million Series D round at a $1.5 billion valuation, it tells Crunchbase News exclusively. The raise comes just over nine months after the startup raised $80 million in a Series C round of funding at an $830 million valuation. Put simply, Nirvana's goal is to build 'the world's first AI-powered operating system for insurance.' The startup uses real-time driving telematics and 30 billion miles of truck-driving data to build and manage insurance policies for truckers. CEO Rushil Goel started Nirvana in 2021 after spending years running product at Samsara, an AI-powered fleet management and safety platform. There, he said, he saw firsthand how heavily safe and responsible trucking fleets 'were penalized by the rising costs of one-size-fits-all insurance rates based on old industry data.' His goal with Nirvana is to use the telematics data those fleets already generate 'to build a...
learn more
