Nirvana keeps on truckin’ with $80M at $830M valuation for its AI-powered insurance

As the U.S. trucking industry gears up for the negative impacts of U.S. President Donald Trump’s new tariffs on goods imported from Mexico and Canada, a startup building a new kind of trucking insurance has raised some money to grow and help truckers weather the changes. Nirvana, an AI-based insurance platform that uses real-time driving telematics and 20 billion miles of truck driving data to build and manage insurance policies for truckers, has raised $80 million in a Series C round of funding. The fresh cash will be used to build more services for fleets and individual drivers. The investment values Nirvana at $830 million post-money, more than double its previous valuation of $350 million in October 2023. Rushil Goel, Nirvana’s CEO and co-founder, described the round as “pre-emptive” — it was raised following inbound interest rather than the startup needing the cash. The investment comes from three previous backers. General Catalyst is leading the round, and Lightspeed Venture ... Read full article.