Jerry

Jerry, founded in 2017 and headquartered in Palo Alto, California, is a mobile-first platform that simplifies car ownership by offering services such as insurance comparison, refinancing, repair estimates, and maintenance alerts. The company’s AI- and machine-learning-based car insurance comparison service, launched in 2019, allows users to compare and purchase policies efficiently. Jerry serves over 3 million customers as a licensed insurance broker and authorized auto refinance provider.

Jerry has attracted significant investment from a diverse group of investors. Notable backers include Goodwater Capital, Bow Capital, Kamerra, Highland Capital Partners, Park West Asset Management, and Y Combinator. In August 2021, the company raised $75 million in a Series C funding round led by Goodwater Capital, valuing Jerry at $450 million. By August 2023, Jerry had raised a total of $242 million over seven funding rounds.

What sets Jerry apart is its comprehensive approach to car ownership, integrating multiple services into a single, user-friendly app. By leveraging artificial intelligence and machine learning, Jerry streamlines traditionally time-consuming processes like insurance shopping and loan refinancing, providing personalized recommendations and significant cost savings for users. This addresses challenges such as the complexity of managing various aspects of car ownership and the lack of transparency in insurance and loan markets.

In the artificial intelligence landscape, Jerry operates within the category of AI-driven personal finance and insurance platforms. The company applies AI to analyze user data and market information, delivering tailored solutions that enhance the efficiency and convenience of car ownership.

For more information, please visit getjerry.com.

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