DriveSafety
Latest round
- Series B
Last raised
- Jan 2005
Total raised
- $8.9M
Investors
- 3
About DriveSafety
DriveSafety, Inc.Founded in 1995 in the United States, DriveSafety, Inc. focuses on creating advanced driving simulators. The company has undergone no major pivots or changes in its operational focus. Currently, the firm is presided over by CEOs Douglas Evans and Steven Hallmark.DriveSafety specializes in advanced driving simulators designed for clinical and research settings, primarily aimed at enhancing the cognitive, visual, and physical functioning of patients. Their core product offerings include the DriveSafety DS and RS series of driving simulators, which integrate state-of-the-art simulation technology with user-friendly tools to facilitate driving rehabilitation and therapeutic care for individuals affected by functional impairments. These simulators are widely utilized in veteran and active military medical centers, private hospitals, and clinics, allowing healthcare professionals to assess and improve the driving capabilities of patients recovering from various conditions. The DS 600 simulator is particularly noted for its high-fidelity simulation capabilities, enabling researchers to create custom driving scenarios and conduct performance assessments.DriveSafety generates revenue through direct sales of its driving simulator products, including flagship models like the DS 600 and RS 600, positioned as essential tools in rehabilitation and research environments. Transactions typically occur on a B2B basis, where healthcare facilities purchase the simulators and associated software, often supported by training and customer service agreements. The structure of these transactions may include one-time purchases, along with potential maintenance and software update agreements to ensure continued operational efficiency. Although specific pricing details for the products are not disclosed, the company focuses on providing comprehensive solutions that address the needs of their clients in driving assessment and rehabilitation.525 million to enhance its product line and expand its market reach. The company plans to develop and launch new simulator models tailored to meet the evolving demands of healthcare providers. Additionally, DriveSafety is exploring opportunities to penetrate international markets, specifically targeting Europe and Asia by 2025. These initiatives aim to broaden their customer base and elevate their presence in the global health technology sector.
Who invested in DriveSafety
3 investors across 3 rounds
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Questions about DriveSafety
Who invested in DriveSafety?
DriveSafety has 3 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has DriveSafety raised?
DriveSafety has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did DriveSafety last raise money?
DriveSafety's most recent round on record is a Series B, in Jan 2005.
What does DriveSafety do?
DriveSafety is a electronics company.
Where is DriveSafety headquartered?
DriveSafety is headquartered in US.
Which VCs invest in companies like DriveSafety?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back electronics companies at DriveSafety's stage. Their profiles are linked below.
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