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Nirvana Insurance raises $80M to expand AI-driven services in the commercial trucking sector.
Nirvana Insurance, a San Francisco-based AI-driven commercial trucking insurer, has raised $80 million in Series C funding, valuing the company at nearly $850 million.
Led by General Catalyst, this round will help expand operations and enhance technology for fleet insurance, offering personalized solutions, AI pricing, and claims processing.
Meanwhile, CoverForce, an insurance platform, raised $13 million to streamline policy processes for brokers, reducing time spent by 60%.
Both companies aim to meet the growing demand in the $960 billion commercial insurance market with tech-driven solutions.
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Nirvana Insurance recauda $80M para expandir los servicios impulsados por IA en el sector de camiones comerciales.