Insurtech Grabs $5 Million in Funding For Autonomous Vehicle Coverage

A startup focused on rewarding drivers and fleet owners that use autonomous vehicles and semi-autonomous car safety features has raised $5 million in seed funding.

California-based Avinew’s technology uses artificial intelligence and telematics to gather driving data that can tell when a vehicle is in autopilot mode or is using advanced safety features. That data can then be used by insurers to offer coverage that rewards drivers and fleets using these vehicles and features.

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