Driveway is a cloud-based technology that helps ordinary drivers become safe drivers and helps insurers find and reward them.
Driveway is a cloud-based technology that helps ordinary drivers become safe drivers and helps insurers find and reward them. The company provides auto insurers with comprehensive insured driving data for better pricing intelligence – maximizing the opportunity for lower loss ratios and higher profits. While the technology sets new performance standards in the Usage-Based Insurance arena, affordability, scalability, and ease of rollout are the head-turning features that position auto insurers for cost-effective speed to market.Driveway's patented artificial intelligence (AI) technology measures safe and unsafe driving behaviors automatically, right from a driver's smartphone. It combines sensor fusion, machine learning, and artificial intelligence algorithms to sense car trips and driver aggressiveness without the need for plug-in hardware.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Aug 30, 2013 | Seed | $1.30M | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
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Kernel Capital | — | Seed |