State Farm Startup Pitch Competition: Salvato Auctions

Tuesday, September 29, 2026
State Farm Startup Pitch Competition Schedule
FormatPitch Competition

Salvato is an end-to-end workflow for Total Loss vehicles that delivers insurers with faster Cycle Time, higher Net Return, and better Claims Experience compared to the current duopoly of Copart & IAA -- see a 3-min. demo video here!

Our Customers = Claims org at any Carrier, MGA, or TPA that offers Personal or Commercial Auto insurance in the U.S.

Main Problem We Solve = On Total Loss claims (~25% of claims on Auto lines in the U.S.), it typically takes 40-80 days after the Total Loss decision for the owner to be paid for their vehicle - which is the #1 reason that 40%+ of insureds switch carriers after a Total Loss claim (vs. just 8% after a Repairable claim).

Every insurer that works with Salvato is getting their policyholders paid in avg. 16 days after the Total Loss decision – which is between 4 to 8 weeks faster than they were with Copart or IAA.

How We Solve It = We have completely eliminated the need for any physical paperwork from owners in all 50 U.S. states. Salvato sends a simple e-signature link via email or SMS and the owner is 4 clicks away from providing everything needed to get paid by their carrier.

Speakers
Peter Jebson
Peter Jebson, CEO - Salvato