Fairmatic
AI-powered fleet insurance
- 101-200 employees
- Fintech
- B2B
- Transport
- Insurance
- Civic Center, New York, NY
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Company mission
To make roads safer, one fleet at a time.
Our take
Fairmatic is an AI-powered commercial auto insurance company creating a new insurance category through its data-driven approach that rewards safety with savings. By leveraging AI-powered technology, Fairmatic is providing an easy way for drivers to monitor and improve their driving, in order to make the roads a safer place.
Through this new approach to insurance, Fairmatic is unlocking a better understanding of risk, ensuring fleets are only evaluated based on factors that are within their control. Diverging from traditional insurance models, which rely on historical data, Fairmatic is incentivizing fleets for safer driving and not penalizing them for unavoidable actions.
There is a great opportunity to reframe the insurance industry and this is something Fairmatic is taking on. Through successfully scaling the business and gaining funding from investors, Fairmatic is in a prime position to further strengthen its position as a leader in AI innovation.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Unlimited PTO!
- Medical, dental, and vision coverage
- Life and disability insurance Learning and development program and stipend
- Stipends for wellness and entertainment
- Fully remote work supplemented with fun in-person events
- Paid company trips both nationally and internationally
- Awesome Fairmatic gifts and swag!
Funding (2 rounds)
Mar 2023
$46m
SERIES B
Aug 2022
$42m
SERIES A
Total funding: $88m
This company has top investors
Leadership
Jonathan Matus
(Founder & CEO)Previously founded Zendrive where they served as the CEO. Also worked in multiple marketing roles at Google and Facebook.