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 +2
Employees 137
Industries AI, Financial Services, Insurance +2
Funding Stage Series B
Social

Get notified when Fairmatic moves

Funding, new markets, leadership changes, hiring surges — one e-mail, only when something happens.

Free · no account needed

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].

Taxonomy: 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 •••••• 7
Investor Investor Investor Investor
•••• ••••
16 Mar 2023
Series A •••••• 3
Investor
•••• ••••
31 Aug 2022
Venture Round •••••• 1
Investor
01 Jan 2022
Seed Round •••••• 1
Investor
01 Jan 2021

Fairmatic Alternatives & Competitors

Fairmatic vs
Idelic
Idelic United States

Helping Fleets Reduce Accidents & Lower Losses

Series B
53 employees
Enterprise Software, Logistics
Fairmatic vs
Driven Telematics
Driven Telematics United States

Revolutionizing Road Safety with Cutting-Edge Technology

7 employees
Insurtech, Car insurance
Fairmatic vs
Humn
Humn United Kingdom

The technology of Humn.ai was acquired by Aon in January 2024

Series A
5 employees
AI, Data Analytics
Also compare with: Fairmatic vs EROAD EROAD

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 the following industries: AI, Financial Services, Insurance, Insurtech, Car insurance.
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 Idelic, Driven Telematics, Humn, EROAD, Cobra - Safe Drive Systems. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Fairmatic and Idelic 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.

Don't just browse. Track.

Signal Tracker monitors Fairmatic and millions of companies for funding rounds, hiring surges, product changes, and 40+ signal types — so you never miss an opportunity.

One analytics cookie (Google Analytics). Cookie Policy