As the U.S. trucking industry gears up for the negative impacts of new Trump tariffs on goods from Mexico and Canada, a startup building a new kind of trucking insurance — a critical cost for truck drivers — has raised some money to grow.

Nirvana Tech Inc., a startup that blends artificial intelligence with detailed vehicle tracking data to offer insurance to truckers, today announced it raised $80 million in a Series C funding round. The round was led by General Catalyst with support from existing investors Lightspeed Venture Partners and Valor Equity Partners.

Nirvana Insurance, an AI-driven commercial trucking insurer, announced an $80 million Series C funding round valued at nearly $850 million.