Nirvana Insurance Secures $100M for AI-Powered Commercial Insurance
Update: 2025-12-18
Description
Nirvana Insurance, a pioneering AI-driven commercial insurance company, has raised $100 million in a Series D funding round, led by Valor Equity Partners. This investment follows a $80 million Series C round in March, reflecting the companys rapid growth and potential. Nirvana aims to revolutionize insurance with an AI-powered operating system, leveraging telematics for enhanced product offerings. The company has doubled its fleet and non-fleet businesses in 2025, maintaining excellent loss ratios. Nirvanas AI capabilities enable in-house claims resolution, closing claims twice as fast as the industry average within 30 days. The company is also applying AI to policy underwriting, automating analysis of past claims, routes, and driver performance to streamline quoting and pricing processes.
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