Category: MetroMile
What happens when Wall Street falls out of love with your sector?
It’s been an awful week for public neoinsurance companies. A subsector of the larger insurtech world, neoinsurance providers tackled a number of insurance categories using a blend of modern app design and machine learning in hopes of creating more user-friendly and profitable insurance products. The idea proved attractive to venture…
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Volkswagen says a vendor’s security lapse exposed 3.3 million drivers’ details
Volkswagen says more than 3.3 million customers had their information exposed after one of its vendors left a cache of customer data unsecured on the internet. The car maker said in a letter that the vendor, used by Volkswagen, its subsidiary Audi, and authorized dealers in the U.S. and Canada,…
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MetroMile says a website bug let a hacker obtain driver’s license numbers
Car insurance startup MetroMile said it has fixed a security flaw on its website that allowed a hacker to obtain driver’s license numbers. The San Francisco-based insurance startup disclosed the security breach in its latest 8-K filing with the U.S. Securities and Exchange Commission. MetroMile said a bug in the…
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Insurtech’s big year gets bigger as Metromile looks to go public
What can we decipher from the latest wave of dollars crashing into the insurance technology market? Alex Wilhelm 1 day In the wake of insurtech unicorn Root’s IPO, it felt safe to say that the big transactions for the insurance technology startup space were done for the year. After all,…
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As 5 more startups join the $100M club, are we just making a pre-IPO list?
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re adding five names to the $100 million annual recurring revenue (ARR) club and listing all preceding members in a single post. This series, which was a bit of an…
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Insurance startup Gabi raises $27M to double its product, engineering and marketing teams
Gabi, a startup built to help consumers save money on home and auto insurance, announced today that it has closed a $27 million Series B. The company intends on using its new capital to rapidly expand its team and invest in its product. Nearly every startup does something similar after…
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