Fairmatic
Founded Year
2019Stage
Series B | AliveTotal Raised
$88MLast Raised
$46M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+1 points in the past 30 days
About Fairmatic
Fairmatic is a company that provides commercial auto insurance for fleets. Their services include offering insurance coverage that is based on driving behavior and includes telematics data analysis to assist in fleet safety. The company serves the commercial auto insurance sector, focusing on fleets and insurance brokers. It was founded in 2019 and is based in San Francisco, California.
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ESPs containing Fairmatic
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The insurtech managing general agents — commercial lines property & casualty market comprises insurtech managing general agents (MGAs) that provide commercial lines property & casualty (P&C) insurance. These companies primarily focus on niche coverage areas such as (but not limited to) commercial flood, drone coverage, fleet insurance, professional liability, and more. Also included in this market…
Fairmatic named as Challenger among 14 other companies, including Coterie Insurance, SageSure, and Vouch.
Fairmatic's Products & Differentiators
Fairmatic
Through the power of AI, Fairmatic intelligently blends a combination of a UBI program, pay-per-mile insurance, and driving habit analysis to unlock savings for our customers. We adjust pricing based on how well insureds are driving, along with total commercial miles driven - so safer driving unlocks better insurance rates and vehicles who do not drive do not incur any costs. This provides much needed flexibility and control for fleets who would otherwise be burdened by their mounting insurance costs. Numerous providers in the industry require customers to wait a year, then on renewal, can get rated for the following year. Our platform enables fleets to realize savings much sooner (throughout insured’s entire policy & pre-renewal).
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Research containing Fairmatic
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Fairmatic in 2 CB Insights research briefs, most recently on Feb 23, 2024.
Feb 23, 2024
The B2C US insurtech market map
May 9, 2023 report
State of Insurtech Q1’23 ReportExpert Collections containing Fairmatic
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Fairmatic is included in 5 Expert Collections, including Insurtech.
Insurtech
4,489 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
9,451 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Insurtech 50
50 items
Fintech 100
100 items
Artificial Intelligence
7,221 items
Latest Fairmatic News
Oct 22, 2024
Everything you need to need to know about the largest US startup funding rounds of September 2024; broken down by industry, stage, investors, and more…
Fairmatic Frequently Asked Questions (FAQ)
When was Fairmatic founded?
Fairmatic was founded in 2019.
Where is Fairmatic's headquarters?
Fairmatic's headquarters is located at 201 Spear Street, San Francisco.
What is Fairmatic's latest funding round?
Fairmatic's latest funding round is Series B.
How much did Fairmatic raise?
Fairmatic raised a total of $88M.
Who are the investors of Fairmatic?
Investors of Fairmatic include Battery Ventures, Bridge Bank, MS&AD Ventures, Assaf Wand, Foundation Capital and 8 more.
Who are Fairmatic's competitors?
Competitors of Fairmatic include Nirvana and 1 more.
What products does Fairmatic offer?
Fairmatic's products include Fairmatic.
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Compare Fairmatic to Competitors
Allegory `works as a company that operates within the mobility sector and provides a mobile application with features including driving performance analytics, family safety solutions, and an insurance wallet. The application is designed to assist with mileage tracking for tax purposes. It was founded in 2019 and is based in Toronto, Canada.
Branch specializes in providing home and auto insurance services within the insurance industry. The company offers a process for customers to obtain insurance quotes and purchase policies online, with options for personalizing coverage and bundling insurance products for potential savings. It was founded in 2017 and is based in Columbus, Ohio.
Dairyland Insurance Company specializes in vehicle insurance within the insurance industry. The company offers a range of insurance products for automobiles, motorcycles, ATVs, snowmobiles, dirt bikes, scooters, and mopeds, designed to provide protection and support for various customer needs. Dairyland also caters to nonstandard auto insurance for high-risk drivers or those with unique insurance requirements. It was founded in 1953 and is based in Stevens Point, Wisconsin.
State Farm Insurance provides various insurance and financial services. The company offers products such as auto, homeowners, and life insurance, along with financial services like investment planning and retirement savings. State Farm Insurance serves individual customers and small businesses with their insurance and financial needs. It was founded in 1922 and is based in Bloomington, Illinois.
SkyWatch.AI provides aviation and drone insurance within the insurance industry. The company offers various insurance products including drone operator's insurance, aircraft owner's insurance, and aircraft renter's insurance, with options for annual, monthly, daily, and hourly coverage. SkyWatch.AI serves the drone operation and aviation sectors with specific insurance solutions. It was founded in 2016 and is based in Palo Alto, California.
Branch Media provides home, auto, and umbrella insurance. The company offers options to customize policies and bundle different types of insurance. Branch Media serves individuals looking for personal insurance solutions. Branch Media was formerly known as Roundtable Media. It is based in New York, New York. Branch Media operates as a subsidiary of Meta.
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