Cambridge Mobile Telematics
Latest round
- Series B
Last raised
- Dec 2018
Total raised
- $500M
Investors
- 1
About Cambridge Mobile Telematics
Cambridge Mobile Telematics Inc.Founded in 2010 in Cambridge, US, Cambridge Mobile Telematics Inc. specializes in telematics solutions. The company was co-founded by Hari Balakrishnan, Samuel Madden, and William Powers, with Kurt Fuqua currently serving as CEO.Cambridge Mobile Telematics (CMT) specializes in advanced telematics solutions designed to enhance road safety through its core products: DriveWell Risk, DriveWell Crash & Claims, and DriveWell Engage. The DriveWell Risk platform utilizes sensor data and artificial intelligence to analyze driving behaviors, helping insurers assess risk more accurately and incentivize safe driving through rewards programs. DriveWell Crash & Claims facilitates real-time accident detection and emergency assistance, streamlining the claims process with telematics data for faster resolutions. DriveWell Engage further promotes safe driving habits by providing personalized feedback and incentives to users, thereby enhancing driver engagement.CMT generates revenue primarily through a subscription-based model for its telematics services, targeting business-to-business clients in the insurance and mobility sectors. Clients pay for access to the comprehensive suite of products, which include DriveWell Risk, DriveWell Crash & Claims, and DriveWell Engage, allowing them to leverage advanced analytics for improving driver safety and optimizing claims processing. Revenue structures typically involve tiered pricing plans that cater to different customer segments, ranging from individual fleet operators to large insurance enterprises. Partnerships with major insurance providers enhance the company's market reach and sustain its revenue stream.00 mn to accelerate the adoption of its platform and fuel its product and market expansion across its insurer and safety solutions. The company plans to design and launch new products aimed at further enhancing road safety and driving engagement in the coming years. Additionally, CMT is focusing on expanding into new markets, particularly in Europe and Asia, by 2025 to increase its geographical footprint and client base.
Who invested in Cambridge Mobile Telematics
1 investor across 1 round
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Funding rounds
Series B
Dec 19, 2018
Amount
$500M
Investors
Questions about Cambridge Mobile Telematics
Who invested in Cambridge Mobile Telematics?
Cambridge Mobile Telematics has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Cambridge Mobile Telematics raised?
Cambridge Mobile Telematics has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Cambridge Mobile Telematics last raise money?
Cambridge Mobile Telematics's most recent round on record is a Series B, in Dec 2018.
What does Cambridge Mobile Telematics do?
Cambridge Mobile Telematics Inc.
Where is Cambridge Mobile Telematics headquartered?
Cambridge Mobile Telematics is headquartered in Cambridge, US.
Which VCs invest in companies like Cambridge Mobile Telematics?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Cambridge Mobile Telematics's stage. Their profiles are linked below.
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