TrueMotion company logo

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gotruemotion.com

Stage

Acquired | Acquired

Total Raised

$10M

About TrueMotion

TrueMotion, formerly Censio, is shaping the future of driving safety - through data and technology - while redefining how insurance is priced and delivered. TrueMotion's technology platform enables insurance companies to distinguish between safe and risky drivers, reward safe drivers with discounts on their insurance and help reduce the number of driving accidents, creating safer roads for all.On June 17th, 2021, TrueMotion was acquired by Cambridge Mobile Telematics. The terms of the transaction were not disclosed.

TrueMotion Headquarters Location

470 Atlantic Avenue Suite 1400

Boston, Massachusetts, 02210,

United States

ESPs containing TrueMotion

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

Personal automobile telematics vendors provide turnkey technology solutions to implement pay-as-you-drive or pay-how-you-drive, auto insurance programs.

TrueMotion named as Leader among 8 other companies, including Cambridge Mobile Telematics, Octo Telematics, and Trak Global Group.

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Research containing TrueMotion

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

CB Insights Intelligence Analysts have mentioned TrueMotion in 3 CB Insights research briefs, most recently on Jan 11, 2021.

Expert Collections containing TrueMotion

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

TrueMotion is included in 3 Expert Collections, including Auto & Mobility Tech.

A

Auto & Mobility Tech

1,503 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.

I

Insurtech

3,468 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

F

Fintech

7,442 items

US-based companies

TrueMotion Patents

TrueMotion has filed 36 patents.

The 3 most popular patent topics include:

  • Global Positioning System
  • Geolocation
  • Wireless locating
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/26/2019

6/14/2022

Geolocation, Rotating disc computer storage media, Wireless locating, Global Positioning System, Sensors

Grant

Application Date

6/26/2019

Grant Date

6/14/2022

Title

Related Topics

Geolocation, Rotating disc computer storage media, Wireless locating, Global Positioning System, Sensors

Status

Grant

Latest TrueMotion News

Late-stage insurtechs take lion’s share of record-breaking Q2 funding

Aug 2, 2021

The Q2 Insurtech funding is the largest on record. Businesshala Intelligence publishes hundreds of insights, charts and forecasts on the fintech industry. Learn more about becoming a customer. Global Insurtech funding reaches $4.8 billion in Q2 across 162 deals To Willis Towers Watson (WTS). and with a great Q1 Insurtech has already raised $7.38 billion in 2021, as against $7.12 billion in 2020. Here’s what the funding activity looked like in Q2: Mega-Round. Just 15 Insurtechs raised $3.3 billion, or two-thirds of the total Q2 funding. The funds were mostly late-stage deals, meant for the geographic expansion of insurance companies: Europe-based. wefox Raised $650 million, one of the largest Series C rounds on record, and Pet Insurtech bought by many and insurance SaaS providers shift technology raised Series D rounds of $350 million and $220 million, respectively. Distribution. Insurtech, which focuses on distribution (digital brokers and MGAs), took 10 out of 15 mega-rounds and 55% of all deals. They use technology to help customers digitize insurance sales, such as through a price comparison site. zebra or commission-free life insurer Athos Life . Geography. Insurtech from 35 countries raised funding, compared to 26 in the previous quarter. New markets to make it on the Insurtech funding map included Botswana, Mali and Turkey. Despite early-stage deals accounting for 57% of all deals, the concentration of funding volumes among late-stage players raises questions about the longevity of young startups. In 2020, WTS estimated that 184 insurtechs globally were close to or closed by 2010. It now puts this number at 456. To calculate this, they looked at startups that have raised less than $10 million in total, haven’t exited, or haven’t raised capital. In more than two years, and CBInsights’ tech company is out of the top 25% in health metrics, mosaic score . The stagnation in InsurTech’s numbers will likely increase as established players take over with their combined $3.3 billion of capital and collaborate to consolidate and block new ones. In Q2 Alone, B2B Insurtech Cambridge Mobile Telematics acquired TrueMotion to work with 21 of the 25 largest US auto insurers and reach 20 countries. and metromile and hippo partnership To offer consumers a bundled auto and homeowners insurance product. Want to read more such stories? Here’s how you can get access: Join other Businesshala Intelligence clients who receive fintech forecasts, briefings, charts and research reports delivered to their inbox each day. >> become a customer Current customers can access the entire Businesshala intelligence content archive Here . Stay on top - Get the daily news in your inbox Subscribe

TrueMotion Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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TrueMotion Rank

  • Where is TrueMotion's headquarters?

    TrueMotion's headquarters is located at 470 Atlantic Avenue, Boston.

  • What is TrueMotion's latest funding round?

    TrueMotion's latest funding round is Acquired.

  • How much did TrueMotion raise?

    TrueMotion raised a total of $10M.

  • Who are the investors of TrueMotion?

    Investors of TrueMotion include Cambridge Mobile Telematics, Tarsadia Investments, Bain Capital Ventures, General Catalyst and Lakestar.

  • Who are TrueMotion's competitors?

    Competitors of TrueMotion include Reviver Auto and 7 more.

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