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Nirvana Insurance — an insurance startup taking a new approach to insurance products for commercial fleets using artificial intelligence, telematics, internet-of-things technology and 15 billion miles of trucking data to calculate risk models — is taking on something else: new funding.

The funding was led by Lightspeed Venture Partners, with notable participation from General Catalyst and Valor Equity Partners. This comes on the heels of the startup’s previous achievement of securing a $22 million Series A round last year.

San Francisco-based insurer Nirvana, which uses data to offer fleet insurance to commercial operators, has raised almost US$57m in Series B funding led by prolific fintech and insurtech investor Lightspeed Venture Partners.

San Francisco-based Nirvana Insurance, which insures commercial truck fleets, has secured $57 million in Series B funding.

Nirvana Insurance announced a $57 million Series B funding round with Lightspeed Venture Partners investing again to lead the round, and additional participation from General Catalyst and Valor Equity Partners.

Nirvana Insurance, a provider of modern insurance solutions, has announced the successful closure of a $57m Series B funding round.

The Information selected 50 companies that have the potential to be the most valuable businesses in their categories based on their current revenue, business model, and growth prospects.

Nirvana Insurance, an insurtech focused on commercial trucking fleets, has publicly launched after closing a $22mn Series A round that brings its total raised to more than $25mn.

Insurtech Nirvana Insurance, based in San Francisco, whose technology-driven platform gathers data from sensors on commercial truck fleets, said Wednesday it has closed a $22 million Series A Funding round, bringing the total it has raised to more than $25 million.

Trucking InsurTech Nirvana Insurance today announced the public launch of its services, backed by a recently closed $22mn Series A funding round.

Nirvana Insurance was founded in early 2021 “to bring the trucking industry up to speed with the rest of the world” in terms of insurance, says Rushil Goel, CEO and co-founder of the company.

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Led by key former employees from IPO blockbuster Samsara, Rubrik, and Root Insurance, Nirvana recently closed a $22 million Series A funding round, bringing the total raised to more than $25 million.