AI trucking insurance startup Nirvana raises $100M Series D led by Valor Equity Partners, nearly doubles valuation to $1.5B in nine months using real-time telematics data from 30 billion driving miles to underwrite policies faster and reward safe fleets with lower premiums.

Exclusive: AI Insurance Startup Nirvana Nearly Doubles Valuation To $1.5B with $100M Series D

Nirvana Insurance, an AI-based commercial insurance platform for the trucking industry, has raised a $100 million Series D round at a $1.5 billion valuation, it tells Crunchbase News exclusively. The raise comes just over nine months after the startup raised $80 million in a Series C round of funding at an $830 million valuation. Valor Equity Partners led the latest financing, which the company described as “preemptive.” Previous lead backers Lightspeed Venture Partners and General Catalyst also...