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Founded Year

2011

Stage

Acq - P2P | Acquired

Total Raised

$300.5M

Valuation

$0000 

About Metromile

Metromile (NASDAQ: MILE) offers personalized insurance with artificial intelligence (AI) and design. It collects sensor and telematics data directly from all of its customers' vehicles, which allows it to provide rates for pay-per-mile car insurance. The company was founded in 2011 and is based in San Francisco, California. In 2022, Metromile was acquired by Lemonade.

Headquarters Location

425 Market Street Suite 700

San Francisco, California, 94105,

United States

888-242-5204

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Metromile's Products & Differentiators

    STREAMLINE

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Expert Collections containing Metromile

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

Metromile is included in 7 Expert Collections, including Auto Tech.

A

Auto Tech

2,098 items

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.

F

Fintech 250

498 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

G

Gig Economy Value Chain

155 items

Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry

A

Auto Commerce

579 items

Companies involved in the rental, selling, trading, or purchasing of cars, RVs, trucks, and fleets, including auto financing companies, vehicle auction services, online classified advertising companies with a focus on auto, and dealership software platforms.

I

Insurtech

4,027 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

A

Artificial Intelligence

10,944 items

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

Metromile Patents

Metromile has filed 9 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/11/2018

7/7/2020

Computer memory, Translation, Global Positioning System, Translation studies, Operating amusement attractions

Grant

Application Date

7/11/2018

Grant Date

7/7/2020

Title

Related Topics

Computer memory, Translation, Global Positioning System, Translation studies, Operating amusement attractions

Status

Grant

Latest Metromile News

Settlement Administrator Angeion Group Announces Proposed Settlement In Metromile Data Incident Class Action

Sep 22, 2023

News provided by Share this article Share toX If You Received A Notice from Metromile, Inc. in or about March 2021 notifying you that your information may have been exposed in a Data Incident,  A Class Action Settlement Totaling $775,000 May Affect Your Legal Rights. A California court ordered this notice. This is not a solicitation from a lawyer. PHILADELPHIA, Sept. 22, 2023 /PRNewswire/ -- Metromile, LLC (formerly, Metromile, Inc.) ("Defendant") has agreed to settle a class action lawsuit brought against them by Lowell Parker, individually and on behalf of all others similarly situated, who alleges that from July 2020 through January 2021, hackers obtained information from Defendant including the personally identifiable information ("PII") of over one hundred thousand consumers, including their driver's license numbers. The Settlement Class includes all residents of the United States whose information may have been affected by the Data Incident. What does the settlement provide? Metromile, LLC will pay $775,000 into a Settlement Fund, subject to final approval of the settlement by the Court and certain other conditions specified in the Settlement Agreement. All Settlement Class Members will be provided access to Experian's "Credit Plus" Credit Monitoring Services for a period of 24 months. A link with a redeemable code to be used directly with Experian was provided in the Notice sent by the Claims Administrator. Credit monitoring and identity-protection services through Experian will include a minimum of the following features: (1) dark web scanning with immediate user notification if potentially unauthorized use of a Settlement Class Member's personal information is detected; (2) identity theft insurance (with a $1,000,000 policy limit); (3) real-time credit monitoring services; and (4) access to fraud resolution agents. The settlement will also provide cash payments to Settlement Class Members who submit valid claims. Am I eligible to receive a payment from the settlement? If you are a Settlement Class Member, you may be eligible to receive a cash payment of approximately $30 or reimbursement of up to $5,000 for out-of-pocket expenses and documented lost time that resulted from the Data Incident. How do I get a payment from the settlement? To get a payment from the settlement, you must complete a Claim Form. Please read the instructions carefully, fill out the Claim Form, provide reasonable documentation (where applicable), and submit it online or mail it postmarked no later December 21, 2023. You may access a Claim Form from the website www.MetromileSettlement.com and submit it online or download and mail it to the address on the Claim Form. What are my rights? If you are a Settlement Class Member and do nothing, you will be bound by the settlement and will give up any right to sue Metromile, LLC in a separate lawsuit related to the legal claims in this lawsuit. If you want to keep your right to separately sue Metromile, LLC, you must exclude yourself from the settlement by December 21, 2023. If you do not exclude yourself, you may object to the settlement and/or ask for permission to appear and speak at the Final Approval Hearing but only if you do so by December 21, 2023. Complete information is available at www.MetromileSettlement.com . The Court's hearing. The Court will hold a hearing at 8:30 a.m. PT on January 26, 2024, to decide whether to approve the settlement and grant the requested attorneys' fees of $298,052.80, reimbursement of up to $10,000 in litigation expenses, and a service award to the Representative Plaintiff of $2,500. You or your own lawyer may appear and speak at the hearing at your own expense, but there is no requirement that you or your own lawyer do so. The hearing may occur remotely, over MS Teams, or it may occur in person, in Courtroom C-74 at the Superior Court of the State of California, County of San Diego, Hall of Justice, 330 W. Broadway, San Diego, CA 92101. Please check www.MetromileSettlement.com  for updates as to the location of the hearing. This notice is only a summary. For more information, including the full Notice and Settlement Agreement, visit www.MetromileSettlement.com , email [email protected] , or call 833-222-9383. Media Contact:

Metromile Frequently Asked Questions (FAQ)

  • When was Metromile founded?

    Metromile was founded in 2011.

  • Where is Metromile's headquarters?

    Metromile's headquarters is located at 425 Market Street, San Francisco.

  • What is Metromile's latest funding round?

    Metromile's latest funding round is Acq - P2P.

  • How much did Metromile raise?

    Metromile raised a total of $300.5M.

  • Who are the investors of Metromile?

    Investors of Metromile include Lemonade, Saltwater Capital, INSU Acquisition II, Paycheck Protection Program, G Squared and 17 more.

  • Who are Metromile's competitors?

    Competitors of Metromile include Spruce, Tractable, Snapsheet, Groundspeed, PolicyGenius, Digit Insurance, Mile Auto, FRISS, Alan, Shift and 18 more.

  • What products does Metromile offer?

    Metromile's products include STREAMLINE and 3 more.

  • Who are Metromile's customers?

    Customers of Metromile include Farmers Insurance.

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Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
See how. Join a demo.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
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