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Cambridge Mobile Telematics
Cambridge Mobile Telematics (CMT) is the largest telematics service provider globally, founded in 2010 by two MIT professors. The company focuses on enhancing road safety and reducing driving-related costs through its AI-driven mobile sensing technology. CMT has pioneered smartphone-based solutions for usage-based and behavior-based insurance, powering over 70 enterprise programs in 25 countries. Its technology has helped prevent over 100,000 crashes and 68,000 injuries worldwide. CMT offers an end-to-end AI-driven telematics platform called DriveWell Fusion®, which integrates data from various sources, including smartphones and connected vehicles. This platform helps identify and reduce driving risks, providing feedback to improve driver behavior. The company provides a suite of products, including risk management tools, claims solutions, engagement platforms, and video telematics. CMT serves a diverse range of clients, including auto insurers, automakers, commercial mobility companies, and public sector entities, with a presence in more than 20 countries.
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$78M