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SF based car insurance platform that allows drivers to pay based on their actual hours on the road, has raised $90m in a series E round of funding co-led by insurance giants Tokio Marine Holdings and Intact Financial.
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“This [investment] allows us to advance our use of sensors and automation to provide Metromile customers with the world’s simplest claims experience, while lowering the cost of car insurance and bringing technology to the forefront of the insurance industry,” said Metromile CEO Dan Preston.
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