About Cambridge Mobile Telematics
Cambridge Mobile Telematics (CMT) provides a mobile sensing system to collect driving information from sensor data on mobile devices. It offers the DriveWell platform that detects driving behavior and provides crash notification to reduce crashes and costly claims. The company was founded in 2010 and is based in Cambridge, Massachusetts.
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 software market provides software solutions for managing and optimizing fleet operations. These solutions typically include features such as vehicle tracking, fuel management, maintenance scheduling, and driver performance monitoring. The market is driven by the increasing demand for efficient fleet management solutions from various industries such as transportation, logistics…
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 8 CB Insights research briefs, most recently on Feb 22, 2023.
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 7 Expert Collections, including Auto Tech.
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
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
Companies and startups that use of 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
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
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 71 patents.
Geolocation, Wireless locating, Global Positioning System, Wireless networking, Wireless sensor network
Geolocation, Wireless locating, Global Positioning System, Wireless networking, Wireless sensor network
Latest Cambridge Mobile Telematics News
Oct 25, 2023
News provided by Share this article Share toX DUBLIN, Oct. 25, 2023 /PRNewswire/ -- The "Insurance Telematics in Europe and North America - 7th Edition" report has been added to ResearchAndMarkets.com's offering. This comprehensive study offers detailed insights into the evolving world of insurance telematics, revealing compelling growth figures and forecast trends until 2027. Insurance telematics, commonly known as usage-based insurance (UBI), is transforming the automotive insurance landscape. Telematics, a blend of "telecommunications" and "informatics", involves collecting vehicle-related data via telecommunication networks. This breakthrough allows insurers to formulate pricing strategies based on real-time driving behavior, manage claims more efficiently, and uniquely position their offerings to consumers. Popularized models include Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), and Manage-How-You-Drive (MHYD). Market Potential: The addressable market is enormous. In 2019, 317 million vehicles were in circulation in the EU22+3, with North America boasting approximately 293 million vehicles. Given that basic automotive insurance is compulsory in most developed regions, the potential for insurance telematics is vast. In 2019 alone, motor gross written premiums in EU22+3 were over €142.3 billion, with North America recording US$253.2 billion. Growth Trends: Europe and North America are currently the epicenters of the insurance telematics revolution. By the end of 2020, Europe had approximately 13.1 million insurance telematics policies. Forecasted figures suggest a rise to 35.1 million policies by 2025, growing at a CAGR of 21.7%. North America is projected to escalate from 16.7 million policies in 2020 to 49.0 million by 2025, marking a CAGR of 24.0%. Latest data indicates 13.6 million active policies in Europe by the close of 2022, with a projection of 20.7 million by 2027. North America is poised to grow from 16.8 million in 2022 to 29.2 million policies by 2027. Key Players & Technology: Major insurers include Progressive, UnipolSai, State Farm, Allstate, and Generali, among others. Several insurers are leveraging smartphone solutions to either complement or replace traditional OBD dongles. For instance, top US insurers have transitioned to smartphone-based solutions. Smartphone telematics has captured significant market share in recent years, with leading vendors including Cambridge Mobile Telematics and Arity. Other noteworthy players include Octo Telematics, Vodafone Automotive, and Viasat Group. Future Outlook: The integration of telematics within OEMs is evident. Brands like General Motors, Ford, Tesla, and BMW are entering the ecosystem, leveraging connected car applications. The aftermarket segment also remains crucial, with Octo Telematics being a dominant force, supporting over 5.7 million insurance telematics programs. Smartphone-based solutions are maturing, offering advantages in claims handling and marketing. Cambridge Mobile Telematics, for example, powers over 10 million policies, predominantly in the US. Report Highlights: Comprehensive analysis of the insurance telematics value chain and key applications. Detailed market trends and developments. Case studies from 63 insurance telematics programs. Insights into the roles of vehicle OEMs and mobile operators. Data on vehicle populations across Europe and North America. Country-specific market forecasts until 2027. The " Insurance Telematics in Europe and North America " report offers answers to burning questions about the market, from types of products available, leading providers, technology trends, to the involvement of vehicle OEMs and mobile operators. Companies Profiled: IMS
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 Driver Technologies, Amodo, Octo, Rooster, Metromile and 7 more.
Compare Cambridge Mobile Telematics to Competitors
Zendrive is a data analytics platform. It offers usage-based insurance, claims automation, insurance qualification lens, advanced risk modeling, and more. It serves auto insurance, fleet risk management, commercial insurance, and other sectors. Zendrive was founded in 2013 and is headquartered in San Francisco, 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.
Sentiance operates as an intelligence-driven data science and behavior change company. The company uses ethical artificial intelligence (AI) to create a positive impact and sustainability in mobility, and well-being by driving behavior change for optimized experiences and outcomes. It was founded in 2015 and is based in Antwerp, Belgium.
Motosmarty develops big-data insurance telematics platform for motorcyclists. Together with a leading road telematics company we provide a solution that helps insurers to effectively price the vehicle insurance and bikers to safely navigate the road: avoid road hazards, improve their driving skills and pay less for insurance. On one hand, we offer a complete Telematics platform for insurance companies. The platform will allow them to build scalable, cost-efficient Usage-Based Insurance schemes for both motorcyclists and car drivers. On the one hand we propose an unique solution to a complex problem of high fatality risk among bikers. Finally, as the cherry on top, we complement the app with RoadFix - a special service for road authorities to tap into our road hazard DB. The service gives road managers an overview of the state of the road infrastructure within their jurisdiction. It also helps them planning and carrying out roadworks faster and cheaper.
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.
Octo is a provider of telematics and data analytics solutions for the auto insurance industry. Its software and technological capabilities develops and manages comprehensive and integrated portfolio of telematics services, vehicle sharing and fleeting and truck fleets. The company was founded in 2002 and is based in Rome, Italy.