Lemonade completed the acquisition of Metromile for $500m.

Lemonade, an insurance company powered by AI and social good, completed the acquisition of Metromile, a data science company focused on auto insurance, for $500m. “We launched Lemonade Car last week, and we think you’ll love how it looks and handles. Pop the hood and you’ll see that it's powered by telematics and architected to learn from the data it generates, with precision pricing as its ultimate destination. That’s where Metromile comes in. They have been down this road billions of times, and their proprietary data and machine learning algorithms can vault us over the most time and cost intensive parts of the journey. In a vast and competitive market like auto insurance, today’s deal is a huge unlock of value for our customers and shareholders," Daniel Schreiber, Lemonade CEO and Co-Founder.