Senior Full Stack Engineer
FairmaticSalary not specified
- Full Time
- Senior (5 to 8 years)
About Fairmatic
Fairmatic offers auto insurance solutions tailored for fleet businesses, such as construction and logistics companies, using data and artificial intelligence to enhance operations and reduce costs. Their fleet dashboard provides features like safety tips and digital incident reporting, promoting proactive risk management. Unlike traditional insurance models, Fairmatic's performance-priced insurance allows fleets to lower their premiums monthly based on their performance. The company's goal is to create a more flexible and efficient insurance experience for fleet operators.
San Francisco, CaliforniaHeadquarters
2019Year Founded
$85.6MTotal Funding
SERIES_BCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees
Benefits
Unlimited Paid Time Off
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Professional Development Budget
Wellness Program
Remote Work Options
Risks
Increased competition from similar AI-driven insurtech companies.
Rapid technological advancements require costly updates to Fairmatic's platform.
Potential regulatory scrutiny on AI-driven models could increase operational costs.
Differentiation
Fairmatic offers performance-priced auto insurance, allowing monthly premium adjustments.
The company uses AI and telematics data for proactive risk management.
Fairmatic provides a seamless claims management service to expedite fleet recovery.
Upsides
Fairmatic raised $46 million to enhance AI innovation in auto insurance.
Growing demand for usage-based insurance models benefits Fairmatic's business model.
Partnerships with logistics platforms enhance data collection and insurance offerings.
Funding
Total raised$85.60 M
Latest valuation$230.00 M
StageSERIES_B
$46
$230.00 M$42
$210.00 M