Fairmatic, an insurtech 2.0 startup redefining commercial auto insurance by rewarding safer fleets with savings, announced today that Guy Shaviv has joined the team as Head of Engineering. In this role, he will lead the development of Fairmatic's new R&D hub in Israel.
The company has seen a significant increase in demand for its AI-powered commercial auto insurance platform following its $42M Series A funding round and is now advancing its data-driven risk models by establishing a technology hub in Israel. Fairmatic is currently seeking to recruit some of Israel's top talent, with plans to hire 30 engineers.
Shaviv brings over 20 years of experience building and leading R&D teams. Prior to Fairmatic, Shaviv developed Nexar's mobile platform and served as VP of R&D at Fieldin. Shaviv was also the first employee at the unicorn Houzz, where he bootstrapped and scaled the company's development center in Israel for a decade. He also served as VP of engineering at Virtio and was a researcher at NASA.
"I am thrilled to join the Fairmatic team and lead the development of the Israeli R&D center. Fairmatic's commitment to introducing a new approach to analyzing risk through advanced AI-powered models is unparalleled. Fairmatic's risk models have been trained on over 200 billion miles of driving data on US roads. We are continuously working to make them even better at predicting and analyzing risk. This is a highly exciting challenge with significant social and economic impact - making roads safer while helping fleets grow and protect their operations." -- Guy Shaviv, Fairmatic's Head of Engineering in Israel
"We are thrilled to have Guy join us as we continue to develop our Insurtech 2.0 platform. Guy's extensive knowledge and expertise in engineering and data science will be essential as we enhance our AI-powered capabilities throughout the insurance value chain." -- Jonathan Matus, CEO and Founder at Fairmatic
Fairmatic is defining a new commercial auto insurance segment by approaching risk and underwriting in an unconventional through data and AI. With a more personalized insurance option that incentivizes safety with savings, Fairmatic is introducing a proven way to help fleets proactively manage and improve safety issues with actionable insights. By making small changes in driving behavior, fleets can see significant cost savings, resulting in a more sustainable business model, safer drivers, and lower attrition rates.
