Nirvana Insurance, an AI-driven commercial trucking insurer, raised $100 million in a Series D round led by Valor Equity Partners, reaching a $1.5 billion valuation. The startup uses real-time telematics and 30 billion miles of driving data to offer dynamic, behavior-based insurance policies, aiming to lower costs for safe fleets. Despite a broader downturn in insurtech funding, Nirvana has doubled its premium growth and staff over the past year.
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