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getnexar.com

Founded Year

2015

Stage

Series D | Alive

Total Raised

$149.5M

Last Raised

$53M | 10 mos ago

About Nexar

Nexar uses smartphones to create an AI-backed vehicle-to-vehicle network that works to predict and prevent accidents. Per the company, computer vision software aims to alert drivers to help them avoid accidents or receive updates on traffic problems like blocked lanes ahead. The company partners with third-party dashboard-camera makers and then uses deep learning which is run, per the company, on people's smartphones that are connected to their car cameras to recognize objects on the road. The company also aims to allow users to link their Nexar accounts to their insurance providers to speed up the claims process, i.e, sending a video of an accident, along with information like the time, date, and location of the collision. The company was founded in 2015 and is based in Tel Aviv, Israel.

Nexar Headquarters Location

HaRakevet St. 58

Tel Aviv, 6777021,

Israel

ESPs containing Nexar

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.

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

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Research containing Nexar

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Nexar in 4 CB Insights research briefs, most recently on May 19, 2022.

Expert 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 6 Expert Collections, including Digital Health.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

A

Auto & Mobility Tech

1,535 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.

S

Smart Cities

1,937 items

A

AI 100

100 items

I

Insurtech

3,744 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

9,391 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

Nexar Patents

Nexar has filed 5 patents.

The 3 most popular patent topics include:

  • Cooling technology
  • Diagrams
  • Fans
patents chart

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

Tech investment group Viola appoints new VP of BD

Sep 15, 2022

Hilly Rejwan Sorek will be joining the firm as Vice President Business Development after previous roles at Earnix, Nexar, and Aleph VC CTech Viola, one of Israel's largest tech investment groups, announced on Thursday that Hilly Rejwan Sorek will be joining the firm as Vice President Business Development. Before joining Viola, Sorek spent the last 10 years working across the Israeli startup ecosystem, both for high-tech companies as well as in venture capital, including at Earnix, Nexar, and Aleph VC. (Omer Hacohen) Sorek will support Viola’s portfolio companies by mapping their needs and opportunities and providing access to potential customers. She will also open channels and strategic collaborations, connections to multinationals as well as to Viola’s extensive local and global network. As part of the BD support, Viola’s portfolio companies will enjoy feedback on product and connections to C-level executives in global companies across multiple sectors. Zvika Orron and Eran Westman, General Partners and heads of Viola Platform, commented: “In today’s global economic environment, startups are facing increasing challenges. Whether it’s the struggle to close deals, expand revenue streams or grow new and existing partnerships. Now more than ever, we are continuing to invest in the resources necessary to provide our portfolio companies with the competitive edge they need.” Related articles:

Nexar Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Nexar Rank

  • When was Nexar founded?

    Nexar was founded in 2015.

  • Where is Nexar's headquarters?

    Nexar's headquarters is located at HaRakevet St. 58, Tel Aviv.

  • 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 $149.5M.

  • Who are the investors of Nexar?

    Investors of Nexar include Aleph, Corner Ventures, Atreides Management, Banca Generali, Qumra Capital and 21 more.

  • Who are Nexar's competitors?

    Competitors of Nexar include NetraDyne, otonomo, Collision Management Systems, Mobileye, The Floow and 15 more.

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