- 765$289.9M
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Metromile
Insurance · California, United States · 324 Employees
Founded in 2011 and headquartered in San Francisco, California, Metromile is a pay-per-mile car insurance company that helps customers save money depending on how many miles they drive.Read More
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Metromile Company Metrics
$260.5M
Total Funding Amount
$5M
Most Recent Funding Amount
8
Number of Funding Rounds
Nov 07, 2012
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Insurtech weekly news roundup: August 5 | Insurance Business America
Layoffs, partnerships, new hires and moreEIS acquires Enterprise Business Solutions from Lemonade
SAN FRANCISCO--(BUSINESS WIRE)--EIS, a global core system and digital insurance platform provider, has announced its acquisition of Metromile’s Enterprise Business Solutions (EBS), a leading SaaS-based claims automation and fraud detection solution, from Lemonade. The acquisition of the EBS assets will greatly expedite EIS’ continued acceleration into new markets, bolstering its data science capabilities while offering additional insurtech solutions to current and future customers. EIS will conLemonade Sells Metromile’s Enterprise Business Solutions Platform to EIS
NEW YORK--(BUSINESS WIRE)--Lemonade (NYSE: LMND), the insurance company powered by AI and social impact, today announced the close of its divestiture of Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform, EIS. EBS was Metromile’s SaaS claims automation and fraud detection platform which it licensed to large insurance carriers. The all-cash transaction was completed following the close of Lemonade’s acquisition of Metromile last week. Terms of the deal were not disclosLemonade Takeover Holds Sour Surprise For 60 Laid-Off Metromile Workers - Forbes
Auto insurer’s staff thought jobs were safe.
Frequently Asked Questions regarding Metromile
Founded in 2011 and headquartered in San Francisco, California, Metromile is a pay-per-mile car insurance company that helps customers save money depending on how many miles they drive.... Read More