Nexar
Founded Year
2014Stage
Series D | AliveTotal Raised
$149.51MLast Raised
$53M | 2 yrs agoMosaic 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 Nexar
Nexar uses smartphones to create an artificial intelligence (AI)-backed vehicle-to-vehicle network for predicting and preventing accidents. It enables vision-based applications for better driving, increasing safety and ensuring the privacy and anonymity of drivers. Its software alerts drivers to help them avoid accidents or receive updates on traffic problems like blocked lanes ahead. The company was founded in 2014 and is based in New York, New York.
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ESPs containing Nexar
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The auto telematics market refers to the use of telematics technology to gather data about a driver's behavior and usage patterns, which can be used to determine the appropriate insurance premium for an auto insurance policy. Telematics technology is typically installed in the vehicle and can collect data such as driving speed, braking patterns, and distance traveled. Insurance companies can use t…
Nexar named as Highflier among 10 other companies, including INRIX, Cambridge Mobile Telematics, and Octo.
Research containing Nexar
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Nexar in 2 CB Insights research briefs, most recently on May 12, 2023.
May 19, 2022 report
Why P&C insurers are prioritizing auto telematicsExpert Collections containing Nexar
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Nexar is included in 5 Expert Collections, including Auto Tech.
Auto Tech
2,531 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.
Smart Cities
2,129 items
AI 100
100 items
Insurtech
4,351 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
Artificial Intelligence
10,948 items
Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.
Nexar Patents
Nexar has filed 5 patents.
The 3 most popular patent topics include:
- Diagrams
- Artificial intelligence
- Autonomous cars
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
3/17/2020 | 8/30/2022 | Global Positioning System, Autonomous cars, Wireless locating, Diagrams, Cartography | Grant |
Application Date | 3/17/2020 |
|---|---|
Grant Date | 8/30/2022 |
Title | |
Related Topics | Global Positioning System, Autonomous cars, Wireless locating, Diagrams, Cartography |
Status | Grant |
Latest Nexar News
Sep 15, 2023
The company furthers its initiatives in the country Share Sompo , a leading commercial insurance provider in Japan, has entered a partnership with Israeli telehealth startup TytoCare to introduce its artificial intelligence-based remote medical device for elderly nursing care services. According to a Times of Israel report , under a recent commercial collaboration agreement with Sompo’s digital arm, Light Vortex, TytoCare will integrate its remote medical examination products into nursing homes and the elderly care market throughout Japan. This partnership follows the regulatory approval of TytoCare’s products by the Japanese Pharmaceuticals and Medical Devices Agency (PMDA). Sompo has been active in Israel through its Digital Lab Tel Aviv since 2018, investing over $20 million in Israeli startups, including companies like Nexar (smart car dashcams), Intuition Robotics (robotics development), and Binah.ai (health data platform). Sompo’s nursing care business operates the largest chain of nursing homes for the elderly in Japan, with 301 nursing homes comprising 28,500 rooms, along with 58-day centres for the elderly and 505 centres offering various services for the aging population. TytoCare, founded in 2012 and headquartered in Netanya, Israel, has developed an FDA-cleared handheld remote medical examination device that replicates a doctor’s office in the comfort of one’s home. This smart clinic device includes attachments for examining the heart, lungs, skin, ears, throat, abdomen, and measuring body temperature, enabling users to conduct comprehensive physical examinations. Sompo Digital Lab Tel Aviv head Yinnon Dolev described the collaboration’s goal as upgrading elderly care through TytoCare’s innovative remote medicine solution, which includes a diagnostic camera, digital stethoscope, and an AI-based clinical insights module to assist doctors in diagnosis. “The purpose of the collaboration is to produce optimal data-based medical care, in places where the medical staff is not physically present,” Dolev said. Likewise, TytoCare CEO Dedi Gilad said that the collaboration combines advanced telemedicine solutions with the Japanese insurer’s commitment to making healthcare services accessible within the wider market in the country. “We believe that in the end we can together improve the well-being of the community and set new standards for the quality and convenience of medicine in Japan in general,” Gilad said. What are your thoughts on this story? Please feel free to share your comments below. Related Stories
Nexar Frequently Asked Questions (FAQ)
When was Nexar founded?
Nexar was founded in 2014.
Where is Nexar's headquarters?
Nexar's headquarters is located at 27 East 28th Street, New York.
What is Nexar's latest funding round?
Nexar's latest funding round is Series D.
How much did Nexar raise?
Nexar raised a total of $149.51M.
Who are the investors of Nexar?
Investors of Nexar include Aleph, Corner Ventures, Atreides Management, Qumra Capital, Regah Ventures and 22 more.
Who are Nexar's competitors?
Competitors of Nexar include Nauto and 6 more.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Nexar to Competitors
Lytx offers flexible fleet management solutions. The solutions offered include fleet safety, fleet tracking, integrated networks, integrated software, and more. Lytx was formerly known as DriveCam. It was founded in 1998 and is based in San Diego, California.
Drive Spotter is developing a technology product that will monitor commercial drivers' alertness that will be marketed to property/casualty insurers as a safety incentive. Drive Spotter uses real-time video analytics to keep drivers safe and fleet managers in the loop.
WingDriver builds solutions for driver and vehicle monitoring to avoid accidents with computer vision and artificial intelligence (AI) for smartphones. It applies AI to a combination of facial analysis, vehicle inertial data, and the vehicle's surroundings to help identify dangerous situations. The company was founded in 2021 and is based in Grand Lake, Colorado.
Supervaisor is the developer of deep learning technology intended to improve safety in traffic. The company offers a dash cam application that uses artificial intelligence to turn mobile devices into dash cameras to feature driving safety options like background recording, maps, and one touch clip saving, enabling users to drive safely and avoid accidents. It is based in Tallinn, Estonia.
Bluebox develops security products. The application offers a Dashcam that adds security and convenience for daily drivers. The company was founded in 2017 and is based in Seattle, Washington.
AngelTrax designes, manufactures, and provides in-vehicle mobile surveillance. The company offers products, including Vulcan series digital video recorders (DVRs), network video recorders (NVRs), internet protocol (IP) cameras, high-definition cameras, driver behavior management, and more. It was founded in 2000 and is based in Dothan, Alabama.
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