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Zendrive

zendrive.com

Founded Year

2013

Stage

Series B | Alive

Total Raised

$52M

Last Raised

$37M | 3 yrs ago

About Zendrive

Zendrive is using data and insights to empower drivers to make better driving-related decisions and to make time spent on the road a fun and rewarding experience.

Headquarters Location

388 Market Street Suite 1300

San Francisco, California, 94111,

United States

203-437-6757

ESPs containing Zendrive

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.

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

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Zendrive's Products & Differentiators

    Automatic Collision Notifications (ACN)

    ACN allows our customers to provide timely assistance to their policyholders in case of a collision. Connect them to emergency services or their family members within seconds of a collision. Save lives, and earn the trust of your policyholders in the moments of truth.

Research containing Zendrive

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

CB Insights Intelligence Analysts have mentioned Zendrive in 2 CB Insights research briefs, most recently on Dec 1, 2021.

Expert Collections containing Zendrive

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

Zendrive is included in 4 Expert Collections, including Auto & Mobility Tech.

A

Auto & Mobility Tech

1,589 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.

B

Banking

379 items

Startups providing solutions to banks to automate processes and operations.

I

Insurtech

3,817 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

7,565 items

US-based companies

Zendrive Patents

Zendrive has filed 1 patent.

The 3 most popular patent topics include:

  • Sensors
  • Global Positioning System
  • Gas sensors
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/17/2019

7/5/2022

Parallel computing, Road transport, Wireless networking, Sensors, Road traffic management

Grant

Application Date

12/17/2019

Grant Date

7/5/2022

Title

Related Topics

Parallel computing, Road transport, Wireless networking, Sensors, Road traffic management

Status

Grant

Latest Zendrive News

Zendrive files its dynamic risk model in 33 states

Oct 5, 2022

October 05, 2022 09:00 ET San Francisco, California, UNITED STATES SAN FRANCISCO, Oct. 05, 2022 (GLOBE NEWSWIRE) -- On The Money Analytics, a Zendrive -owned subsidiary, today announced the filing of its proprietary risk scores in 33 states, covering over 60% of the driving population in the US, excluding the state of California, where telematics programs are currently prohibited. The proprietary model filed and approved by the DOIs is built on one of the largest smartphone-centric driving datasets in the world. The model uses AI and machine-learning algorithms trained and tested by billions of miles of driving data and thousands of real-life, verified collisions captured through smartphones only. The proprietary risk model offers an unprecedented lift of 10X, helping auto insurers segment their policyholders and price premiums with precision. The model supports multiple use cases and delivers different outputs such as the risk of a collision in terms of collision relativity, with lift charts built around time-based exposure (hours driven) or mileage-based exposure (pay-per-mile), or both. Furthermore, unlike other risk models that primarily rely on data captured from specific geographies, the data used to build Zendrive’s model represents a normally distributed population. The data comes from diverse sources, meaning it uses data for all types of drivers irrespective of their usage of UBI programs. The dynamic risk model allows auto insurers to assign risk to drivers within 30 days. It allows insurers to define their own threshold based on their desired confidence levels. This provides insurers the ability to offer discounts to their customers within weeks, helping them incentivize safer driving behavior faster than any other model in the market. “With increased price sensitivity and inflationary pressures, accurate pricing and segmentation are more important than ever to acquire and retain customers with higher lifetime value. Our proprietary model gives auto insurers the ability to have significantly better visibility into the real risk profiles of drivers” said Pankaj Risbood, Founder and CEO of Zendrive. Zendrive plans to continue filing its model in the remaining states in 2023. Please reach out to marketing@zendrive.com to learn more about Zendrive’s proprietary risk model. About Zendrive Zendrive ’s mission is to make roads safer through data and analytics. Its award-winning Mobility Risk Intelligence (MRI) platform — powered by 200 billion miles of data gathered from 100s of millions of drivers across the globe — helps insurers understand and mitigate mobility risk, reducing the likelihood of collisions by 49%. The platform also helps insurers find and acquire preferred risk drivers through Zendrive’s vast publisher network with access to hundreds of millions of users. With an engaging test drive experience, participating consumer applications deliver savings to their customers while also diversifying revenue streams. The company has been recognized as one of Fast Company’s Most Innovative Companies and won the 2017 Best Startup in San Francisco award. Media Contact

Zendrive Web Traffic

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Zendrive Rank

Zendrive Frequently Asked Questions (FAQ)

  • When was Zendrive founded?

    Zendrive was founded in 2013.

  • Where is Zendrive's headquarters?

    Zendrive's headquarters is located at 388 Market Street, San Francisco.

  • What is Zendrive's latest funding round?

    Zendrive's latest funding round is Series B.

  • How much did Zendrive raise?

    Zendrive raised a total of $52M.

  • Who are the investors of Zendrive?

    Investors of Zendrive include BMW i Ventures, Nyca Partners, Grupo Sura, Hearst Ventures, ACME Capital and 21 more.

  • Who are Zendrive's competitors?

    Competitors of Zendrive include Reviver, otonomo, Avinew, Collision Management Systems, The Floow, Zubie, Nexar, TrueMotion, Sentiance, Root Insurance and 20 more.

  • What products does Zendrive offer?

    Zendrive's products include Automatic Collision Notifications (ACN) and 3 more.

Compare Zendrive to Competitors

Zubie Logo
Zubie

Zubie, a Minnesota-based joint venture by OPENAIR Equity Partners and Best Buy, provides a service for enterprises including automotive, insurance, and mobile/telecom operators. Additionally, Zubie delivers technologies for consumers and small businesses to connect automobiles to the internet to deliver real-time location, trip history, maintenance alerts, engine diagnostics, and driving insights to a smartphone. The company, also, offers the ZinC Open API platform, which allows developers and partners to create applications leveraging its platform and vehicle data.

Vinli Logo
Vinli

Vinli is a sophisticated data intelligence platform for mobility and transportation developed for the world’s leading automotive brands. Designed to map real-world data relationships, Vinli provides customized application solutions that keep your automotive-based software competitive and relevant.

Mojio Logo
Mojio

Mojio is the platform and SaaS provider of choice to build, launch and scale connected mobility services. Mojio’s platform, apps, and services deliver a smarter, safer, and more convenient car ownership experience for the global driving community.Force by Mojio is the ideal GPS fleet tracking solution for small businesses that rely on their vehicles to get the job done.

Amodo Logo
Amodo

Amodo has developed a technology platform that enables insurance companies to launch digital insurance products for the connected customer generation. The company collects data from smartphones and other connected consumer devices in order to build holistic customer profiles, providing better insights into customer risk exposure and product needs. On the basis of analysis, risk prevention programs, individual pricing as well as personalized, "on-demand" insurance products can be offered on the market, increasing customer loyalty and lifetime as well as creating completely new market segments.

Cambridge Mobile Telematics Logo
Cambridge Mobile Telematics

Cambridge Mobile Telematics (CMT) offers the DriveWell platform that scores driving performance, incentivizes safer driving, and provides crash notification and claims automation services for insurers, rideshares, and fleets. CMT specializes in mobile usage-based insurance with mobile telematics and analytics through its phone-only and phone+tag programs. The DriveWell platform is used worldwide. The company was founded in 2010 and is based in Cambridge, Massachusetts.

Sentiance Logo
Sentiance

Sentiance is a data science and behavior change company that turns motion data, captured by smartphone sensors, into insights about individuals’ behavior and real-time context. The company's uses ethical AI to create positive impact and sustainability in mobility, wellbeing by driving behavior change for optimized experiences and outcomes. Sentiance empowers companies to create personalized services and products through intelligent contextualized recommendations.

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