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.

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.