We’ve Raised $100M to Accelerate the AI Transformation of Commercial Insurance
Today, I’m excited to share a major milestone for Nirvana, and an important step forward in how commercial insurance is being rebuilt. We’ve raised a preemptive $100 million as part of our Series D, led by Valor Equity Partners, with continued strong participation from our long-term partners at Lightspeed Venture Partners and General Catalyst. This round nearly doubles our valuation and reinforces the direction we’ve been on from the start.
This funding isn’t just fuel for growth. It’s validation of a conviction that’s guided Nirvana since day one.
A Massive Industry Opportunity, Finally Unlockable
When we started Nirvana, we were focused on a simple idea: commercial insurance represents one of the largest untapped opportunities in the modern economy.
The industry has always been rich in data, but historically lacked the systems capable of turning that data into real-time intelligence. Risk was modeled in snapshots. Decisions were slow. Innovation cycles stretched into years.
Telematics and AI have changed that equation.
For the first time, it became possible to continuously learn from real-world driving behavior at scale, and to rebuild insurance around live signals rather than static assumptions. We saw an opportunity not to incrementally improve the existing model, but to rethink it from first principles.
That conviction is why we built Nirvana from the ground up as an AI-native insurer. We were designed to move fast, learn continuously, and compound improvements over time.
What Being AI-Native Actually Unlocks
Being AI-native isn’t about layering new tools onto legacy systems. It means blending data, machine learning and humans to accelerate and improve every decision ranging from pricing through underwriting and claims.
Because of that foundation, our teams can test, ship, and iterate far faster than traditional carriers. Over the past year alone, being AI-native has allowed us to release dozens of new features and platform enhancements, rapidly experiment across the insurance lifecycle, and turn real-world outcomes into immediate improvements.
Our platform is powered by proprietary models trained on more than 30 billion miles of real-world driving data, creating a live feedback loop between behavior, risk, and outcomes. This isn’t theoretical AI, it’s intelligence that shows up in measurable ways for customers every day:
- Fairer pricing that rewards safety: Safe fleets can receive up to 20% upfront discounts, based on real driving behavior rather than broad averages.
- Quotes in minutes, not weeks: Our systems analyze risk and deliver precise quotes in minutes, giving fleets back their most valuable resource, time.
- Faster claims that keep trucks moving: A data-first approach enables industry-leading claims resolution speed when incidents occur.
- A sustainable long-term partner: More accurate pricing has led to top-decile loss ratios, supporting stability and consistency for customers over time.
This is what happens when insurance is built to learn.
Thank you to the Team Behind the Platform
Progress like this is never accidental.
It’s the result of an exceptional group of engineers, data scientists, underwriters, claims leaders, and operators who show up every day to rebuild insurance end-to-end. An AI platform is only as strong as the people behind it, and this milestone belongs to the team that made it possible.
What Comes Next
This funding is an accelerator, and I’m truly energized but what we’re building behind the scenes right now (more on that next year)
The capital allows us to:
- Expand our AI-powered operating system for insurance
- Deepen investment in the data flywheel that drives better outcomes
- Extend the platform to solve new challenges for fleets
We started Nirvana believing there was a massive opportunity to rethink commercial insurance, and that modern AI finally made it possible to unlock it. Someone was going to be the catalyst for change. We decided it might as well be us.
The opportunity is enormous. The tools are finally here. And we’re just getting started.
We're Hiring - check out our open roles or join our talent community for a future role that fits!
We’ve Raised $100M to Accelerate the AI Transformation of Commercial Insurance
Today, I’m excited to share a major milestone for Nirvana, and an important step forward in how commercial insurance is being rebuilt. We’ve raised a preemptive $100 million as part of our Series D, led by Valor Equity Partners, with continued strong participation from our long-term partners at Lightspeed Venture Partners and General Catalyst. This round nearly doubles our valuation and reinforces the direction we’ve been on from the start.
This funding isn’t just fuel for growth. It’s validation of a conviction that’s guided Nirvana since day one.
A Massive Industry Opportunity, Finally Unlockable
When we started Nirvana, we were focused on a simple idea: commercial insurance represents one of the largest untapped opportunities in the modern economy.
The industry has always been rich in data, but historically lacked the systems capable of turning that data into real-time intelligence. Risk was modeled in snapshots. Decisions were slow. Innovation cycles stretched into years.
Telematics and AI have changed that equation.
For the first time, it became possible to continuously learn from real-world driving behavior at scale, and to rebuild insurance around live signals rather than static assumptions. We saw an opportunity not to incrementally improve the existing model, but to rethink it from first principles.
That conviction is why we built Nirvana from the ground up as an AI-native insurer. We were designed to move fast, learn continuously, and compound improvements over time.
What Being AI-Native Actually Unlocks
Being AI-native isn’t about layering new tools onto legacy systems. It means blending data, machine learning and humans to accelerate and improve every decision ranging from pricing through underwriting and claims.
Because of that foundation, our teams can test, ship, and iterate far faster than traditional carriers. Over the past year alone, being AI-native has allowed us to release dozens of new features and platform enhancements, rapidly experiment across the insurance lifecycle, and turn real-world outcomes into immediate improvements.
Our platform is powered by proprietary models trained on more than 30 billion miles of real-world driving data, creating a live feedback loop between behavior, risk, and outcomes. This isn’t theoretical AI, it’s intelligence that shows up in measurable ways for customers every day:
- Fairer pricing that rewards safety: Safe fleets can receive up to 20% upfront discounts, based on real driving behavior rather than broad averages.
- Quotes in minutes, not weeks: Our systems analyze risk and deliver precise quotes in minutes, giving fleets back their most valuable resource, time.
- Faster claims that keep trucks moving: A data-first approach enables industry-leading claims resolution speed when incidents occur.
- A sustainable long-term partner: More accurate pricing has led to top-decile loss ratios, supporting stability and consistency for customers over time.
This is what happens when insurance is built to learn.
Thank you to the Team Behind the Platform
Progress like this is never accidental.
It’s the result of an exceptional group of engineers, data scientists, underwriters, claims leaders, and operators who show up every day to rebuild insurance end-to-end. An AI platform is only as strong as the people behind it, and this milestone belongs to the team that made it possible.
What Comes Next
This funding is an accelerator, and I’m truly energized but what we’re building behind the scenes right now (more on that next year)
The capital allows us to:
- Expand our AI-powered operating system for insurance
- Deepen investment in the data flywheel that drives better outcomes
- Extend the platform to solve new challenges for fleets
We started Nirvana believing there was a massive opportunity to rethink commercial insurance, and that modern AI finally made it possible to unlock it. Someone was going to be the catalyst for change. We decided it might as well be us.
The opportunity is enormous. The tools are finally here. And we’re just getting started.
We're Hiring - check out our open roles or join our talent community for a future role that fits!
