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Founded Year

2018

Stage

Unattributed VC | Alive

Total Raised

$16.22M

Last Raised

$6M | 9 mos ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+10 points in the past 30 days

About Driver Technologies

Driver Technologies operates as a mobility safety platform transforming phones into artificial intelligence (AI)-powered dashcams. Its solutions include collision detection, roadside assistance, petrol incentives, driver coaching, and more. The company was founded in 2018 and is based in New York, New York.

Headquarters Location

85 Delancy Street

New York, New York, 10012,

United States

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Expert Collections containing Driver Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Driver Technologies is included in 1 Expert Collection, including Artificial Intelligence.

A

Artificial Intelligence

11,384 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

Latest Driver Technologies News

Driver Technologies Launches Video Telematics-Based Driver Score

Dec 8, 2023

The new service aims to improve risk classification and underwriting by using mobile device-based telematics. Driver Technologies, Inc. (New York) a provider of AI-based road safety technology, has announced its Driver Technologies Rating Service Inc. (DTRS) is rolling out its newly launched Driver Score to commercial fleets and insurance partners. Driver Score is the first video telematics based score using mobile devices that helps insurance companies underwrite and classify the risk instead of implementing traditional factors such as demographics and credit scores, according to a Driver Technologies Statement. Rashid Galadanci, CEO and Co-Founder, Driver Technologies The Driver app transforms a user’s smartphone into a dash cam designed to improve road safety, providing users with a Driver Score after 10 hours of recorded driving. The software also provides coaching along the way to promote good driving habits. “Nowadays, it’s difficult to find great coverage at an affordable price due to factors such as a poor credit score, which can damage a driver’s reputation, when really a driver’s driving behavior should be the key determinant,” says Rashid Galadanci, CEO and Co-Founder, Driver Technologies. “We are extremely excited to launch Driver Score as the first app-based video telematics scoring system to our commercial fleets to help promote good driving habits and create more opportunities for users to have the coverage they deserve.” The factors that contribute to a driver’s Driver Score include traditional vehicle telematics factors, such as speed or hard braking, as well as contextual telematics via external video to help take into account the highest indicators of driving risk on the road. Motivating Drivers to Practice Safer Driving Behavior Marcus Newberry, COO and Co-Founder, Driver Technologies “Driver Technologies currently offers the most accessible solution to road safety features and a driver score by using an app on your smartphone that one can download on an iOS or Android device as well as via an OEM or Google Automotive platform,” comments Marcus Newbury, COO and Co-Founder, Driver Technologies. “Our Driver Score’s coaching capabilities will motivate drivers to practice safer driving behavior during their trips if they know their performance can result in discounted insurance premiums.” Driver Technologies reports that it has found through internal research that its dash cam and safety app help drivers to implement safe driving behaviors and stop dangerous habits such as tailgating, running stop signs, hard braking and speeding after 20 hours of driving.

Driver Technologies Frequently Asked Questions (FAQ)

  • When was Driver Technologies founded?

    Driver Technologies was founded in 2018.

  • Where is Driver Technologies's headquarters?

    Driver Technologies's headquarters is located at 85 Delancy Street, New York.

  • What is Driver Technologies's latest funding round?

    Driver Technologies's latest funding round is Unattributed VC.

  • How much did Driver Technologies raise?

    Driver Technologies raised a total of $16.22M.

  • Who are the investors of Driver Technologies?

    Investors of Driver Technologies include IA Capital Group, Liberty Mutual Strategic Ventures, C2 Ventures, Kapor Capital, State Auto Labs and 9 more.

  • Who are Driver Technologies's competitors?

    Competitors of Driver Technologies include Polysurance and 8 more.

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Compare Driver Technologies to Competitors

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Zendrive

Zendrive specializes in mobility risk intelligence in automotive and insurance. The company's main services include transforming raw sensor data into actionable insights for smarter underwriting, claims, roadside assistance, and driver analytics. It primarily serves sectors such as the auto insurance industry, automotive original equipment manufacturers (OEMs), mobile network operators, and fleet risk management. It was founded in 2013 and is based in San Francisco, California.

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Damoov

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.

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