San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Fairmatic is raising $42,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Jonathan Matus played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Fairmatic
Fairmatic is shaping Insurtech 2.0 by delivering the first data-driven fleet insurance that rewards safety with savings. Fairmatics unconventional approach to fleet insurance leverages AI-powered technology in combination with troves of telematics data to create meaningful cost savings for fleets, safer roads for society and a profitable business model. Fairmatics underwriting model has been trained and tested with over 200 billion miles of driving data to help fleets proactively manage safety issues with actionable insights. Founded in 2017 by Jonathan Matus, a serial technologist who helped launch Android and Facebook mobile, Fairmatic is fundamentally reimagining commercial auto from the ground up to make roads safer, one fleet at a time.

To learn more about Fairmatic, visit http://fairmatic.com/

Contact:
Jonathan Matus, Chief Executive Officer
650-815-7487
https://www.linkedin.com/in/jmatus/

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