What Nirvana does
Nirvana is building the world's first AI-powered operating system for insurance, with an initial focus on U.S. commercial trucking. Trucking is one of the largest and most loss-heavy lines in commercial insurance, and traditional carriers have historically priced based on stale, infrequent data. Nirvana flips that by ingesting real-time driving telematics plus 30 billion miles of historical truck-driving data to underwrite policies that better reflect each fleet's actual risk profile, then continually re-prices and provides safety feedback as the fleet operates.
The platform spans policy underwriting, fleet onboarding, claims, and an AI safety co-pilot that flags risky behavior in near-real time. Nirvana counts itself the fastest-growing insurtech in its category and has expanded across the U.S. since beginning to sell its first policies in 2022.
Who it's for
Nirvana sells to mid-market and large U.S. trucking fleets — typically 50 to 5,000 power units — and partners with brokers and agents who serve them. It increasingly serves adjacent commercial fleet lines as well.
Pricing
Nirvana is a commercial insurance carrier and MGA; pricing is the policy premium itself, which is dynamically underwritten based on telematics, fleet profile, and safety data.
Team & funding
Nirvana was founded in 2020 by Rushil Goel (CEO), Abhay Mitra (CTO), and Alex Carges — alumni of Samsara — and is headquartered in San Francisco. The company has raised more than $260M total, including a $57M Series B in 2023 led by Lightspeed, an $80M Series C in March 2025 at an $830M valuation led by General Catalyst, and a $100M Series D announced in December 2025 led by Valor Equity Partners at a $1.5B valuation, with continued participation from Lightspeed and General Catalyst.
Position vs competitors
Nirvana competes with traditional commercial trucking carriers and other insurtech players like Hippo, Lemonade (different segments), and Marble. Its differentiator is the AI underwriting stack built on top of fleet telematics, which lets it price more accurately than legacy commercial carriers.