Cambridge Mobile Telematics company logo

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cmtelematics.com

Founded Year

2010

Stage

Corporate Minority | Alive

Total Raised

$502.5M

Last Raised

$500M | 4 yrs ago

About Cambridge Mobile Telematics

Cambridge Mobile Telematics (CMT) offers the DriveWell platform that scores driving performance, incentivizes safer driving, and provides crash notification and claims automation services for insurers, rideshares, and fleets. CMT specializes in mobile usage-based insurance with mobile telematics and analytics through its phone-only and phone+tag programs. The DriveWell platform is used worldwide.

Cambridge Mobile Telematics Headquarter Location

101 Main Street Suite 1400

Cambridge, Massachusetts, 02142,

United States

+1 617 751 4141

ESPs containing Cambridge Mobile Telematics

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Insurance / P&C Insurance Tech

Automobile telematics vendors provide turnkey technology solutions that allow insurers to monitor driving activity via IoT devices, mobile phones, and/or embedded car sensors. For claims, P&C insurers can use solutions in this space to detect an incident, assess the damage, and start the claims process in near real time.

Cambridge Mobile Telematics named as Leader among 9 other companies, including Octo Telematics, Nexar, and Zendrive.

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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 & Mobility Tech.

A

Auto & Mobility Tech

1,490 items

Startups building a next-generation mobility ecosystem, using technology to improve connectivity, safety, convenience, and efficiency in vehicles.Includes technologies such as ADAS and autonomous driving, connected vehicles, fleet telematics, V2V/V2X, and vehicle cybersecurity.

U

Unicorns- Billion Dollar Startups

1,178 items

I

Insurtech

3,724 items

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

F

Fintech

7,442 items

US-based companies

F

Fintech 250

500 items

250 of the top fintech companies transforming financial services

S

Supply Chain & Logistics Tech

305 items

Cambridge Mobile Telematics Patents

Cambridge Mobile Telematics has filed 51 patents.

The 3 most popular patent topics include:

  • Sensors
  • Global Positioning System
  • Geolocation
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/26/2019

6/14/2022

Geolocation, Rotating disc computer storage media, Wireless locating, Global Positioning System, Sensors

Grant

Application Date

6/26/2019

Grant Date

6/14/2022

Title

Related Topics

Geolocation, Rotating disc computer storage media, Wireless locating, Global Positioning System, Sensors

Status

Grant

Latest Cambridge Mobile Telematics News

6 ways auto insurers are addressing distracted driving

Aug 2, 2022

Dangerous driving is at an all-time high since the start of the COVID-19 pandemic, with upward trends in speeding, dangerous driving at night and a large increase in distracted driving. Potential solutions are on the way, however, with legislation supporting hands-free technology and insurers adopting telematics programs to continuously monitor drivers. Read more about how insurers are addressing increased distracted driving in our roundup. David Paul Morris/Bloomberg Distracted driving at an all-time high: How insurers can respond Insurers have released new data revealing that the COVID-19 pandemic has led to an increase in unsafe, distracted driving. “People were working from home and there was a real sense that roads were empty and people tend to drive faster and take more risks [when there is less traffic,” said Chris Hayes, assistant vice president of transportation and risk control at Travelers.] “It changed the way that people drove.” Nearly 20% of respondents in a recent Travelers Risk Index survey reported texting or emailing while driving pre-pandemic. Now this dangerous practice is up to 23%. Other data changes include checking social media, which increased two percentage points to 15%, as well as taking videos and pictures, which has climbed to 12% from its pre-pandemic levels of 10%. Nationwide advocates for hands-free legislation Nationwide is urging for hands-free legislation in every U.S. In a recent survey conducted by the firm, 86% of drivers say they too support legislation in their states that prohibit holding a phone while driving to talk, text or for other purposes outside of emergencies. “We know hands-free primary enforcement legislation works,” said Nationwide CEO Kirt Walker. “A 2018 analysis showed that states that enact this type of legislation experienced a 15% decrease in auto crash-related fatalities two years after the enactment of this type of law. Six states in that same analysis saw a decrease of more than 20% in fatality rates.” For a potential solution, Nationwide joined insurtechs, Cambridge Mobile Telematics and NoCell to make technology available to drivers that could correct distracted behaviors. Pedestrian crash avoidance tech works but not in the dark, IIHS Crash rates were 27% lower for vehicles that had pedestrian automatic emergency braking systems, according to a study from the Insurance Institute for Highway Safety. With information included about lighting, speed limit and the layout of a crash, it’s clear that pedestrian AEB does reduce the odds of a crash in daylight and in areas with artificial lighting. “The daylight test has helped drive the adoption of this technology,” said David Aylor, manager of active safety testing at IIHS, in a statement. “But the goal of our ratings is always to address as many real-world injuries and fatalities as possible — and that means we need to test these systems at night.” Nationwide teams up with CMT on driving notifications In an effort to improve driver retention and roadway safety, Nationwide is working with Cambridge Mobile Telematics, to add the DriveWell Messaging platform to its telematics products lineup. “CMT offers dependable and accurate solutions that aligned with our needs at the time that they were selected as our app service provider,” said Kelly Hernandez, assistant vice president of personal lines, telematics at Nationwide. “In any app-based telematics solution, it is critical that each user is aware of the settings that are required to enable trip collection.” Drivers are 65% safer on the road and 57% less distracted if they are highly engaged while driving, according to CMT research. Additionally, engaged drivers are 160% more likely to be retained, if the driver is highly engaged within the first 30 days of the program.

Cambridge Mobile Telematics Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Cambridge Mobile Telematics Rank

  • 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 101 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 Group.

  • Who are Cambridge Mobile Telematics's competitors?

    Competitors of Cambridge Mobile Telematics include otonomo, Collision Management Systems, The Floow, Zubie, Nexar, kasko2go, TrueMotion, Sentiance, Jooycar, Amodo and 15 more.

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