# Driveway Software Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/driveway-software

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.drivewaysoftware.com
- Total disclosed funding: $11M
- Latest round: Series A (Jun 17, 2015)
- Investors on record: 4

## About

Founded in 2011 by Igor Katsman, and Jake Diner, and based in California, US, Driveway Software Corporation operates as a cloud-based telematics platform that provides a data-driven pricing intelligence platform for auto insurers. In July 2021, Earnix Ltd., a portfolio company of Formula Ventures, Insight Partners, Israel Growth Partners, Jerusalem Venture Partners, Vintage Investment Partners, and Viola Credit, agreed to acquire the Assets of Driveway Software, Inc. from Driveway Software Corporation.

The company provides a smartphone-based telematics solution that gives auto drivers comprehensive insured driving data for better pricing intelligence, allowing them to maximize the opportunity for lower loss ratios and higher profits. Driveway's patented artificial intelligence (AI) technology automatically measures safe and unsafe driving behaviors from a driver's smartphone by combining sensor fusion, machine learning, and artificial intelligence algorithms to detect car trips and driver aggressiveness, and it assists insurance companies in finding and rewarding safe drivers.

## Funding rounds

- Series A, Jun 17, 2015, $10M — Ervington Investments
- Seed, Aug 30, 2013, $1.3M — Kernel Capital, IMI.VC, Altair Capital

## Investors

- Kernel Capital (https://capitalatlas.ai/funds/kernel-capital) — Seed
- IMI.VC — Seed
- Altair Capital — Seed
- Ervington Investments (https://capitalatlas.ai/funds/ervington-investments) — Series A