Fairmatic
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Fairmatic - overview
Established
2019
Location
San Francisco, CA, US
Primary Industry
Insurance
About
Founded in 2019 by Israeli Jonathan Matus (CEO), and based in California, US, Straight Up Insurance Services, LLC, trading under the name Fairmatic, is an auto insurance agent and underwriting company that uses sensors to gauge and enhance driver safety and set insurance rates accordingly. In August 2022, Fairmatic raised USD 46 million in Series B funding led by Battery Ventures, with participation from Bridge Bank, and other unspecified investors. As of August 2022, the company has around 65 employees in the US, UK, Portugal, India, and Poland. The company provides insurance products and services to licensed insurance companies as well as surplus lines insurance companies by using artificial intelligence and data-driven information to track drivers' speed and accuracy while driving in order to create insurance rates that favor safe drivers.
Current Investors
Foundation Capital, Aquiline Capital Partners, Battery Ventures
Primary Industry
Insurance
Sub Industries
Commercial Insurance, Insurance Intermediaries, Analytics & Performance Software
Website
www.fairmatic.com
Verticals
InsureTech
Company Stage
Series B
Total Amount Raised
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