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Fairmatic raises $46m in new funding

San Francisco based commercial auto insurtech startup raised $46m in new funding led by Battery Ventures.

“Having spent about a decade of my career at Google and Facebook, I quickly noticed the negative externalities of the technology I actively helped become widespread. The path to Fairmatic’s inception was created out of a need to de-risk one of the worst externalities of this powerful technology: the increase in distracted phone use while driving and subsequent loss of lives on the road.”

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insurtech