March 10, 2025:
Nirvana Secures $80M for AI-Driven Truck Insurance - Nirvana Tech Inc. raised $80 million in a Series C round to enhance its AI-powered insurance for truck drivers and fleet operators. By using telematics for real-time data, Nirvana offers personalized risk assessments and pricing, improving policy fairness and significantly reducing decision times.
With over $100 million in premiums and excellent loss ratios, Nirvana seeks to transform the commercial truck insurance industry. The sector is projected to reach $290 billion by 2033, and Nirvana aims to address inefficiencies while enhancing safety and risk management for fleets.
