# Driver Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/driver-technologies

- Industry: Software
- Headquarters: New York, US
- Website: www.drivertechnologies.com/
- Total disclosed funding: $10M
- Latest round: Series A (Jul 12, 2022)
- Investors on record: 6

## About

Based in New York, US, and founded in 2018, Driver Technologies Inc. provides automotive technology for safe driving. As of 2023, the company is headed by its CEO Rashid Galadanci, who co-founded the firm.  In June 2023, the firm raised USD 6 million in venture funding co-led by investor Connecticut Innovations and returning investor IA Capital Group, with participation from investor ID8 Investments. Returning investors C2 Ventures, Kapor Capital, Maycomb Capital, Liberty Mutual Strategic Ventures, and State Auto Labs also participated in the round.

The firm offers Driver which is a mobile application that provides a video-based road safety solution. The company's technology enables drivers to record their on-road experiences to preserve trip evidence, reduce auto insurance costs, and simultaneously ensure safety. It also sends alerts when a driver is in danger of colliding with another vehicle or a pedestrian and warns them of impending traffic.

The firm generates its revenue by charging for its membership plan such as USD 4 for premium, and USD 16 for Family. Additionally, it provides a basic plan for free and charges customized prices for enterprise plans.

The company plan to use the June 2023 funding to expand the adoption of its AI-powered dashcam and safety alert app, and pursue direct integrations with insurance, automotive and municipal partners.

## Funding rounds

- Series A, Jul 12, 2022, $10M — IA Capital Group, Kapor Capital, Liberty Mutual Strategic Ventures, C2 Ventures, State Auto Labs, Maycomb Capital

## Investors

- IA Capital Group (https://capitalatlas.ai/funds/ia-capital-group) — Series A
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A
- Liberty Mutual Strategic Ventures (https://capitalatlas.ai/funds/liberty-mutual-strategic-ventures) — Series A
- C2 Ventures (https://capitalatlas.ai/funds/c2-ventures) — Series A
- State Auto Labs (https://capitalatlas.ai/funds/state-auto-labs) — Series A
- Maycomb Capital — Series A