Fairmatic is creating a new commercial insurance category by delivering the first data-driven fleet insurance that rewards safety with savings. Fairmatic’s new approach leverages AI-powered technology in combination with deep telematics data to drive meaningful cost savings for fleets by valuing responsible driving leading to safer roads. The Fairmatic underwriting model has been trained and tested with over 200 billion miles of driving data to help fleets proactively manage safety issues with actionable insights.
Founded by Jonathan Matus, a serial technologist who helped launch Android and Facebook mobile, Fairmatic is fundamentally reimagining commercial auto insurance from the ground up to make roads safer one fleet at a time. Fairmatic has raised a total of $88M from Battery Ventures, Foundation Capital, Aquiline Technology Growth and insurtech, fintech and technology investors, including Jerry Yang, Oren Zeev, and Bill Tai.
Straight Up Insurance Services, LLC (California License #0L02394) offers insurance products and services for both licensed insurance companies and surplus lines insurance companies. Straight Up Insurance Services LLC is not an insurance company, but acts as an insurance agent or a surplus lines insurance broker for certain insurance companies. Straight Up Insurance Services LLC is paid commissions and may receive other performance-based compensation for its services from insurance companies. The compensation received by Straight Up Insurance Services LLC may vary by insurance company. Not all insurance products and services are available in all states. Insurance rates are subject to change
