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trucking companiesTechCrunch
•Technology
Technology
78% Informative
U.S. trucking insurance startup raises $80 million in new funding.
The investment values Nirvana at $830 million post-money.
The company uses real-time driving telematics plus 20 billion miles of truck driving data to build and manage insurance policies for truckers.
The trucking industry is potentially an enormous market for Nirvana and others.
Insurtech startups have rethought how to provision insurance for consumers.
They are tapping into innovations around big data and AI to rethink how services themselves are priced and provisioned.
General Catalyst CEO Hemant Taneja is leading this round for the firm, a signal of its confidence on this particular bet.
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