Cambridge Mobile Telematics
Founded Year
2010Stage
Corporate Minority | AliveTotal Raised
$502.5MLast Raised
$500M | 6 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-22 points in the past 30 days
About Cambridge Mobile Telematics
Cambridge Mobile Telematics is a leading provider in the telematics and analytics sector, focusing on road safety and driver behavior. The company offers a platform that collects and analyzes data from IoT devices to improve vehicle and driver safety, and provides insights for risk assessment and driver improvement programs. Its services cater to auto insurers, automakers, commercial mobility companies, and the public sector. It was founded in 2010 and is based in Cambridge, Massachusetts.
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ESPs containing Cambridge Mobile Telematics
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The fleet management & telematics software market provides software solutions for managing and optimizing fleet operations, including vehicle tracking, fuel management, maintenance scheduling, and driver performance monitoring. Various industries such as transportation, logistics, and construction can leverage these solutions alongside IoT technology, AI, and cloud computing. Companies investing i…
Cambridge Mobile Telematics named as Outperformer among 15 other companies, including SAP, Intel, and Verizon.
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Research containing Cambridge Mobile Telematics
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Cambridge Mobile Telematics in 7 CB Insights research briefs, most recently on Mar 21, 2024.
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022
May 19, 2022 report
Why P&C insurers are prioritizing auto telematics
Apr 21, 2022 report
Why retailers are prioritizing IoT-based fleet management
Expert Collections containing Cambridge Mobile Telematics
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Cambridge Mobile Telematics is included in 8 Expert Collections, including Auto Tech.
Auto Tech
2,602 items
Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.
Supply Chain & Logistics Tech
4,387 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,244 items
Insurtech
4,354 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
9,297 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Fintech 100
749 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Cambridge Mobile Telematics Patents
Cambridge Mobile Telematics has filed 90 patents.
The 3 most popular patent topics include:
- global positioning system
- sensors
- geolocation
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
8/20/2019 | 8/27/2024 | Energy economics, Engine technology, Automobile costs, Energy conservation, Hybrid electric cars | Grant |
Application Date | 8/20/2019 |
|---|---|
Grant Date | 8/27/2024 |
Title | |
Related Topics | Energy economics, Engine technology, Automobile costs, Energy conservation, Hybrid electric cars |
Status | Grant |
Latest Cambridge Mobile Telematics News
Sep 4, 2024
New leadership to help French insurers reduce road risk and improve claims efficiency September 4, 2024, Cambridge, MA — Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, announced today the expansion of its European operations with the appointment of Rima Khetab as Director of Sales for France & Benelux. With over 17 years of executive experience in M&A, banking, and international business development, Rima is a seasoned insurance software expert. She has held leadership roles at Solera, Imaweb, and Atos, where she specialized in international sales and partnership development for motor insurance and OEM ecosystems. Rima’s appointment comes just three months after CMT announced new leadership in Italy. “CMT is growing aggressively in Europe. We are partnering with the leading auto insurers in Germany, Poland, and Croatia, have introduced new product and sales leadership in Italy, and are now welcoming a new sales leader in France. And, we’re just getting started,” said William V. Powers, CMT co-founder and CEO. “Today, France is facing higher premiums, higher repair costs, and widespread distracted driving. Our new leadership will help France address these challenges with the next generation of mobility solutions.” Engaging drivers daily is critical in France, where insurance premiums have risen over 3% in the last year. Claims frequency has also grown, with over 3,000 road fatalities in 2023. Claims severity has accelerated, with repair costs increasing by 7% annually, driven by rising parts costs. Distracted driving is also a problem, with 78% of French drivers admitting to using their phone while driving. CMT’s customers are actively combating these trends with connected insurance programs, reducing claims frequency by up to 24% and saving an average of €500 per claim with telematics-driven FNOL data. CMT studies show that drivers engaged in a connected insurance program can reduce their distracted driving by 20%. As premiums rise, many French drivers are seeking relief. Surveys show that 61% of French drivers would use a connected insurance program, like those powered by CMT, to prove their risk levels and reduce their premiums. Ninety-two percent of French drivers think auto insurance should use driving behaviour as a key pricing factor. About Cambridge Mobile Telematics Cambridge Mobile Telematics (CMT) is the world’s largest telematics service provider. Its mission is to make the world’s roads and drivers safer. The company’s AI-driven platform, DriveWell Fusion®, gathers sensor data from millions of IoT devices — including smartphones, proprietary Tags, connected vehicles, dashcams, and third-party devices — and fuses them with contextual data to create a unified view of vehicle and driver behaviour. Auto insurers, automakers, commercial mobility companies, and the public sector use insights from CMT’s platform to power risk assessment, safety, claims, and driver improvement programs. Headquartered in Cambridge, MA, with offices in Budapest, Chennai, Seattle, Tokyo, and Zagreb, CMT measures and protects tens of millions of drivers worldwide every day. Share this
Cambridge Mobile Telematics Frequently Asked Questions (FAQ)
When was Cambridge Mobile Telematics founded?
Cambridge Mobile Telematics was founded in 2010.
Where is Cambridge Mobile Telematics's headquarters?
Cambridge Mobile Telematics's headquarters is located at 314 Main Street, Cambridge.
What is Cambridge Mobile Telematics's latest funding round?
Cambridge Mobile Telematics's latest funding round is Corporate Minority.
How much did Cambridge Mobile Telematics raise?
Cambridge Mobile Telematics raised a total of $502.5M.
Who are the investors of Cambridge Mobile Telematics?
Investors of Cambridge Mobile Telematics include SoftBank, MIT Csail and State Farm Ventures.
Who are Cambridge Mobile Telematics's competitors?
Competitors of Cambridge Mobile Telematics include The Floow, Zendrive, Driver Technologies, Artificient Mobility Intelligence, Amodo and 7 more.
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Compare Cambridge Mobile Telematics to Competitors
Sentiance is the leader in motion insights, focusing on driver behavior to enhance road safety within the technology sector. The company offers AI-powered solutions that analyze driving behavior, detect crashes, and provide insights into mobility and lifestyle patterns, all processed on-device in a privacy-centric manner. Sentiance primarily serves industries such as motor insurance, gig economy, sustainable mobility, transport authorities, and automotive OEMs. Sentiance was formerly known as Argus Labs. It was founded in 2015 and is based in Antwerp, Belgium.
OSeven is a company specializing in telematics and driving behavior analytics within the insurance and automotive sectors. The company offers a platform that analyzes driving data to help improve driver safety and promote eco-friendly driving habits. OSeven's solutions cater to various industries, including insurance, banking and fintech, telecommunications, rental and leasing, fleet management, and ridesharing. It was founded in 2015 and is based in London, England.
Reviver specializes in digital license plate technology and operates within the automotive tech industry. The company offers a platform that transforms traditional license plates into digital, smartphone-controlled devices that facilitate vehicle registration renewal, personalization, and integrated telematics for safety. Reviver's products cater to both individual consumers and commercial fleet operators, providing a suite of management tools and services. Reviver was formerly known as Smart Plate, Inc. It was founded in 2009 and is based in Granite Bay, California.
Accuscore (fka Acculitx) is working with many of the major insurance companies to redefine usage-based insurance (UBI) to create a more relevant identification of driver behavior and risk called RBI - Risk Based Insurance. The key differentiator of accuscore is in using continuous vehicle motion data to generate a relevant predictor for driver risk with very strong correlation to actuary data. Because accuscoreSM is not 'event' based, it results in being the most comprehensive and accurate identifier of driver risk and behavior assessment.
Damoov is a company that specializes in telematics infrastructure, operating within the technology and transportation sectors. The company offers a range of services including advanced monitoring and mobile tracking, which allow for the capture of driving behavior and the management of safe driving. They also provide location tracking services that can turn a smartphone into a telematics device, and offer a telematics SDK that can transform any smartphone into a tracking device. Damoov primarily sells to sectors such as the insurance industry, the transportation industry, and the education sector. It was founded in 2019 and is based in Henderson, Nevada.
The Floow specializes in telematics data management and predictive analytics within the motor insurance and automotive sectors. The company offers solutions that leverage smartphone sensor technology and contextual analysis to provide insights into driver behavior, aiming to enhance safety and customer engagement. It was founded in 2012 and is based in Sheffield, United Kingdom.
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