# Fairmatic

## At a glance

| Field | Value |
| --- | --- |
| Category | Commercial Auto Insurance |
| Type | Carrier |
| Region | NA |
| Headquarters | San Francisco, California, USA |
| Founded | 2017 |
| Stage | Growth |
| Employees | 51-200 |
| Funding | USD 88 million total (Series A + Series B) |

## Overview

Fairmatic (now rebranded as LEEO as of December 2025) pioneered AI-driven commercial auto insurance for fleet operators. Founded in 2017 by Jonathan Matus, the company combined deep telematics data with machine learning underwriting to price fleet risk dynamically and reward safe driving behavior. Fairmatic raised USD 88 million across two rounds before rebranding under new CEO Jeffrey Chen.

## Links

- Website: <https://www.fairmatic.com>
- Directory profile: <https://insurtechlist.com/companies/fairmatic/>
- Website \(historical\): <https://www.fairmatic.com>
- Series b announcement: <https://www.fairmatic.com/blog/series-b-46million>

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*Last updated: 2026\-06\-03*