Nirvana’s $100M Series D bets big on AI to revolutionize commercial insurance

AI-driven insurer Nirvana Insurance announced Thursday it has secured a pre-emptive $100 million Series D funding round to expand the company’s AI-powered commercial insurance offerings. The round was led by Valor Equity Partners, with participation from prior rounds’ lead investors Lightspeed Venture Partners and General Catalyst. The Series D follows closely on the heels of an $80 million Series C completed in March. According to a company release, Nirvana aims to build the world’s first AI-powered op ...