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Cambridge Mobile Telematics company logo
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Business Intelligence, Analytics & Performance Mgmt
cmtelematics.com

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Founded Year

2010

Stage

Corporate Minority | Alive

Total Raised

$502.5M

Last Raised

$500M | 3 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

Cambridge, Massachusetts, 02142,

United States

+1 617 751 4141

Latest Cambridge Mobile Telematics News

Roundup: COUNTRY's UBI launch, State Farm and wealth management

Jul 22, 2021

COUNTRY Financial is partnering with Cambridge Mobile Telematics to launch an app-based UBI program called COUNTRY Financial DriverIQ. The app measures speeding, sharp turns, acceleration and phone distraction and is expected to be available in 18 states by the end of the year. Upon enrollment, the customer will receive a 10% discount and could receive up to a 25% discount based on driving. “We’re using this innovative technology to keep families safe on the roads and provide feedback to make every driver that uses the app better. This performance-based program provides drivers data on their driving behavior, truly putting our clients in the driver’s seat when it comes to positively impacting their community, as well as their premium,” said Felipe Teixeira, National Auto Product Director at Country Financial, in a statement. State Farm selected intelliflo as a partner for a digital wealth platform. State Farm agents, via the platform, will be able to recommend products for brokerage and advisory accounts based on customer needs and preferences. Intelliflo offers risk mapping tools and goal-based planning capabilities. “Their expertise in delivering digital financial services solutions resulted in a partnership that is going to positively transform how our agents serve customer needs in more ways than ever before," said Sarah Mineau, vice president, Operations – State Farm Investment Planning Services in a statement. Alfa Insurance, in a partnership with Roost, will offer free water-leak sensors to select policyholders in Alabama, Georgia and Mississippi. The companies aim to have less frequent and severe claims and to increase customer engagement. The detector can be placed in areas of homes prone to leaks-- near sinks, toilets, water heaters, etc.-- and will alert the policyholder via app notifications. Aite Group LLC and Novarica Inc. have merged to form Aite-Novarica Group. The advisory firm focuses on helping executives from banks, payment providers, insurers, securities firms and their respective service providers respond to changes in technology, markets, operations and regulations. “We have a tremendous opportunity to leverage our subject-matter experts’ hundreds of years of collective industry experience to advise financial services executives on their most critical decisions,” said Kurt Reisenberg, a former Corporate Executive Board (CEB) executive who is the new CEO of the combined company, in a statement. Koffie Labs, an insurtech focused on trucking and transportation markets, announced a partnership with Sutton National Insurance Company and its reinsurance panel to offer its product. Boost Insurance will be the program administrator. The insurance products for trucks will be available in ten states by the end of the year and will be initially focused on small fleets. “We know the trucking industry is ripe for innovation in insurtech,” said Shane Haverstick, CEO of Sutton National, in a statement. “Koffie offers competitive rates and an excellent product for fleets that prioritize driver, fleet, and vehicle safety. We’re excited to watch Koffie’s forward-thinking approach to technology shape this challenged market in the months and years to come.” AmeriLife has hired Brad Shelton as senior vice president, Product Innovation. Shelton will oversee sourcing carriers for new product development opportunities; creating strategies for new health, life and annuity products; helping with proprietary product opportunities; and working on special projects with the corporate actuary. "I am eager to get started and look forward to contributing to the continued growth of the company," said Shelton in a statement. "I believe my industry background and prior experience will be a key component in progressing our product innovation efforts."

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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 6 Expert Collections, including Auto Tech.

A

Auto Tech

913 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

771 items

C

Connected Vehicle Tech

410 items

Startups developing software and/or hardware technology that enables in-vehicle connectivity and connectivity-related applications like telematics, media, and vehicle-to-infrastructure communication.

S

SoftBank Investments 2017-2019

146 items

I

InsurTech

1,627 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

P

P&C Claims Management Value Chain

128 items

Cambridge Mobile Telematics Patents

Cambridge Mobile Telematics has filed 30 patents.

The 3 most popular patent topics include:

  • Global Positioning System
  • Sensors
  • Car safety
patents chart

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7/2/2018

9/8/2020

Wireless locating, Global Positioning System, Tracking, Geolocation, Automotive accessories

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Wireless locating, Global Positioning System, Tracking, Geolocation, Automotive accessories

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Cambridge Mobile Telematics Web Traffic

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Cambridge Mobile Telematics Rank

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