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Fairmatic logo — AI-powered fleet insurance rewarding safety with savings

Fairmatic

AI-powered fleet insurance rewarding safety with savings

Founded 2019 United States New York, United States 137 employees Series B Total: $88.00M AI, Financial Services +3

General Information

Company Name Fairmatic
Founded Year 2019
Location United States New York, United States
Employees 137
Industries AI, Financial Services, Insurance +2
Funding Stage Series B
Social

BounceWatch is an independent company data service, not affiliated with Fairmatic. To contact Fairmatic, visit fairmatic.com.

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About Fairmatic

Fairmatic, founded in 2019 by serial technologist Jonathan Matus, is at the forefront of transforming the commercial insurance landscape. With its innovative AI-powered fleet insurance, Fairmatic creates a new category that rewards safety with cost savings. This disruptive model uses AI technology alongside vast telematics data, backed by over 200 billion miles of driving data, to deliver actionable insights for fleets, thereby promoting safer roads.

Having raised a total of $88M from notable investors such as Battery Ventures, Foundation Capital, Aquiline Technology Growth, and renowned figures like Jerry Yang, Oren Zeev, and Bill Tai, Fairmatic is well-positioned to scale and refine its offerings. The latest influx of $46.00M from its Series B round on 16 March 2023 further solidifies its growth trajectory.

Headquartered in the United States, Fairmatic is actively expanding its global team. For more information or opportunities, visit fairmatic.com or contact [email protected].

Business keywords: AI-powered technology, Fleet insurance, Telematics data, Safety rewards, Cost savings, Responsible driving, Underwriting model, Commercial auto insurance, Road safety, Insurtech, Proactive safety management, Actionable insights, Data-driven decisions, Risk assessment, Tech-enabled insurance

Services & Products

Data-driven Fleet Insurance
Safety Score Optimization
Digital Incident Reporting
AI-Powered Risk Platform
Seamless Claims Process

Target Customers

Fleet Owners Brokers Commercial Vehicle Operations Insurance Partners

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $46.00M 7
Battery Ventures Foundation Capital Bridge Bank
Battery Ventures, Foundation Capital +5
16 Mar 2023
Series A $42.00M 3
Aquiline Technology Growth
Aquiline Technology Growth, Jerry Yang +1
31 Aug 2022
Venture Round Undisclosed 1
Aquiline Technology Growth
Aquiline Technology Growth
01 Jan 2022
Seed Round Undisclosed 1
Veronorte
Veronorte
01 Jan 2021

Fairmatic Alternatives & Competitors

View All Alternatives
Fairmatic vs
TNEDICCA®
TNEDICCA® United States

Road Risk Intelligence

Series A
8 employees
Analytics, Data Analytics
Compare Fairmatic vs TNEDICCA®
Fairmatic vs
Zensung Singapore Pte. Ltd.
Zensung Singapore Pte. Ltd. Singapore

Zensung Singapore Pte. Ltd. is a Singapore based FinTech-InsurTech company.

Pre-Seed
23 employees
Financial Services, Fintech
Compare Fairmatic vs Zensung Singapore Pte. Ltd.
Fairmatic vs
Flock
Flock United Kingdom

Insurance for commercial fleets. On a mission to make the world quantifiably safer.

Series B
84 employees
AI, Big Data
Compare Fairmatic vs Flock
Also compare with: Fairmatic vs Humn Humn View all alternatives

FAQ About Fairmatic

AI-powered fleet insurance rewarding safety with savings
Fairmatic was founded in 2019.
Fairmatic is headquartered in New York, United States.
Fairmatic operates in AI, Financial Services, Insurance, Insurtech and Car insurance. Its work centres on AI-powered technology, Fleet insurance, Telematics data and Safety rewards. Its customers include Fleet Owners, Brokers and Commercial Vehicle Operations.
Fairmatic has approximately 137 employees.
Fairmatic has completed 4 funding rounds, raising a total of $88.00M. The latest funding stage is Series B.
Fairmatic offers: Data-driven Fleet Insurance, Safety Score Optimization, Digital Incident Reporting, AI-Powered Risk Platform, Seamless Claims Process.
Top alternatives and competitors to Fairmatic include TNEDICCA®, Zensung Singapore Pte. Ltd., Flock, High Definition Vehicle Insurance (HDVI), Jooycar. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Fairmatic and TNEDICCA® are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Fairmatic, https://bouncewatch.com/company/fairmatic, updated 11 July 2025. When citing, please name BounceWatch and link this page.

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