Fairmatic
Fairmatic, a data-driven insurance provider, leverages AI and telematics data to offer fleet insurance that rewards safe driving.
- 118
- Company
- Sacramento, CA, USUnited States
Fairmatic is a data-driven insurance provider focused on the commercial auto insurance sector. The firm leverages AI-powered technology and deep telematics data to offer fleet insurance that rewards safe driving with cost savings. By analyzing over 200 billion miles of driving data, Fairmatic helps fleets proactively manage safety issues, leading to safer roads and significant financial benefits.
Fairmatic's innovative approach is spearheaded by a team of experts in AI and telematics. The company's investment philosophy centers on using advanced technology to create value for its clients through enhanced safety and efficiency. Fairmatic offers unique value-add services such as a digital fleet dashboard with safety tips and smarter, data-driven claims processes, enabling fleets to save up to 20% on insurance costs.
Quick Facts
Who are Fairmatic's competitors?
Companies similar to Fairmatic include Draivn, Mile Auto, Loop and Tnedicca.
When was Fairmatic founded?
Fairmatic was founded in 2019.
Where is Fairmatic's headquarters located?
Fairmatic's headquarters is located in Sacramento, CA, US.
When was Fairmatic's last funding round?
Fairmatic's most recent funding round was for $46M (USD) in March 2023.
How much disclosed funding has Fairmatic raised?
As of Mar 16, 2023, Fairmatic has disclosed funding of $88M (USD). Undisclosed round amounts are excluded.
How many employees does Fairmatic have?
Fairmatic has 118 employees as of Feb 4, 2024.
Classification
- Headquarters
- 428 J Street
- Sacramento, CA, 95814
- US
- NAICS
- 524000Insurance Carriers and Related Activities
- 524100Insurance Carriers
- 520000Finance and Insurance
- SIC
- 6300Insurance Carriers
- Industry
- —Financial Services Companies
- —Insurance Companies
Show 1 more industry code
- SIC
- 6000Depository Institutions