Nirvana continues to truck with $ 80 million to an evaluation of $ 830 million for its AI Fovernment Insurance
Like the American trucking industry prepare For the negative impacts of Trump’s new prices on Mexico and Canada’s goods, a startup building a new type of trucking insurance – a critical cost for truck drivers – has collected money to develop and (hopes) to help truckers resisting changes.
NirvanaAn AI-based insurance platform that uses real-time driving telematics more than 20 billion miles of truck driving data to build and manage insurance policies for truckers, has raised $ 80 million in new funding. The C series will be used to create more services for fleets and individual drivers.
The investment values the Nirvana at 830 million post-money dollars. It is more than the previous evaluation of Double Nirvana of $ 350 milliondating from the moment he raised a series B in October 2023.
Rushil Goel, CEO and co -founder of Nirvana, described the round as “preventive” – raised on the back of incoming interests rather than the startup that needs money.
The investment comes from three previous donors, with general catalyst and Lightspeed Venture partners and participating Valor equity partners.
Investors double in a certain growth for the startup based in San Francisco. Nirvana said its total value in premiums under management is now more than $ 100 million, dubbing last year.
Nirvana’s growth comes to the link of a few trends.
The trucking industry is potentially a huge market for Nirvana and others. Overall, American trucking generated more than $ 900 billion in revenues in 2024, representing 77% of the country’s freight market, according to figures from the American Trucking Association. It employs around 8.5. Million people, including 3.5 million, with around 14.3 million trucks with a single and combined recorded route, representing some 5% of all motor vehicles in the country.
The industry was on a trend in growth, up 1.6% in 2025 and projected by growth at some 1.46 billion of dollars in revenues by 2035.
However, it was before the events of last month – namely the wider economic policies of Trump, and in particular his efforts to institute import taxes on the goods of Canada and Mexico in order to increase federal income and to stimulate an interior production.
“The taxation of border taxes on our two largest and most important business partners will cancel … progress and increase costs for consumers,” said the American Trucking Association earlier this month. “The 100,000 full -time workers truckers carrying 85% of the surface trade in goods with Mexico and 67% of the goods negotiated with Canada will have a direct and disproportionate impact.”
Not only will the prices reduce cross -border freight, but the association has added, but they will also increase operational costs. The price of a new truck could increase up to $ 35,000, he estimated: “Rising an annual tax of $ 2 billion and by putting new equipment out of reach for small transporters”.
All this comes down to trucking companies that need to be more attentive than ever costs, and that’s where Nirvana hopes to play a role.
Or, to put it differently, this is where Nirvana needs To play a role – if not, he could find himself affected by the same problems that strike his customers.
“The related prices and supply chain are disturbances that certainly arrive,” Goel said in an interview. “And of course, in an industry like trucking, which leads 70% of freight in the United States, there is certainly an impact to be expected. This is our new reality.
The company’s platform covers insurance both for fleets (groups of more than 10 “power units”) and non-spinning (1-9 units), and-like other new insurance players-the load is based on use, on a “pay as you drive” basis which also incorporates security data using the telematics of vehicles as well as data housed, the COSTACA.
That security data is also part of the company Safety analysis product. In addition to this and the subscription technology that Nirvana claims to produce quotes 15 times faster than a traditional insurer, he also built AI tools which, according to him, automatize and accelerate the treatment of complaints.
Similar to other inherited markets such as industrial technology, Trucking has been a ripe area for technological startups in recent years.
Pressing innovations in fields such as cloud computing, AI, Fintech and connected vehicles, startups run new SaaS products to help drivers develop their businesses more efficiently and trucking companies manage their fleets more transparent. Other companies in the same space include Lula (supported by Khosla and others), Smartthop,, Fairmatic And Clouds.
Beyond that, startups make ambitious oscillations in the trucks themselves, working on electric and autonomous vehicles for the next generation of transport.
Likewise, insurance was in the midst of an evolution. A wave of “insurech” startups has redesigned how to provide insurance for consumers. Playing on the concept of “Neobanks” which create a more dynamic user experience in addition to the inherited infrastructure, the same thing took place among insurance startups. At the same time, they also exploit the innovations concerning the megadonts and the AI to rethink the way in which the services themselves are assessed and provisioned.
General Catalyst refused to be interviewed for this story, but it should be noted that his biggest Bigwig, CEO Hemant Taneja, leads this tour for the company, a signal of trust on this particular bet.
“Insurance is traditionally a technologically devoid market, ripe for change. Nirvana is a disturbing model, finding rich data on a large scale and building AI around the complex stages of the supply of commercial insurance from the quote through complaints, “he said in a press release. “We were delighted to be a partner in their incredible results, and this investment will still accelerate Nirvana.”
