Reported about 20 hours ago
Nirvana Insurance, an AI-driven commercial trucking insurer based in San Francisco, has secured $80 million in Series C funding, valuing the company at nearly $850 million. The funding, led by General Catalyst with ongoing support from Lightspeed Venture Partners and Valor Equity Partners, aims to enhance AI capabilities for risk assessment, dynamic pricing models, and faster claims processing. CEO Rushil Goel emphasizes the transformative potential of AI in improving safety and efficiency in the trucking insurance sector.
Source: YAHOO