Nirvana Secures $80M Funding at $830M Valuation to Revolutionize AI-Powered Trucking Insurance
AI-driven trucking insurance startup Nirvana raises $80M in Series C funding, doubling its valuation to $830M.
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Nirvana Secures $80M Funding at $830M Valuation to Revolutionize AI-Powered Trucking Insurance
As the U.S. trucking industry gears up for the negative impacts of U.S. President Donald Trump’s new tariffs on goods imported from Mexico and Canada, a startup building a new kind of trucking insurance has raised some money to grow and help truckers weather the changes. Image:Douglas Sacha / Getty Images Nirvana, an AI-based insurance platform that uses real-time driving telematics and 20 billion miles of truck driving data to build and manage insurance policies for truckers, has raised $80 million in a Series C round of funding. The fresh cash will be used to build more services for fleets and individual drivers. The investment values Nirvana at $830 million post-money, more than double its previous valuation of $350 million in October 2023. Rushil Goel, Nirvana’s CEO and co-founder, described the round as “pre-emptive” — it was raised following inbound interest rather than the startup needing the cash. The investment comes from three previous backers. General Catalyst is leading the …
