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Cambridge Mobile Telematics

cmtelematics.com

Founded Year

2010

Stage

Corporate Minority | Alive

Total Raised

$502.5M

Last Raised

$500M | 4 yrs ago

About 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.

Headquarters Location

314 Main Street Suite 1200

Cambridge, Massachusetts, 02142,

United States

800-941-7177

Missing: Cambridge Mobile Telematics's Product Demo & Case Studies

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ESPs containing Cambridge Mobile Telematics

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
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.

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

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Expert Collections containing Cambridge Mobile Telematics

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

Cambridge Mobile Telematics is included in 7 Expert Collections, including Auto Tech.

A

Auto Tech

2,488 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

Supply Chain & Logistics Tech

4,074 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,208 items

I

Insurtech

4,300 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

7,974 items

US-based companies

F

Fintech 250

749 items

250 of the top fintech companies transforming financial services

Cambridge Mobile Telematics Patents

Cambridge Mobile Telematics has filed 62 patents.

The 3 most popular patent topics include:

  • Global Positioning System
  • Sensors
  • Geolocation
patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/3/2021

2/21/2023

Geolocation, Global Positioning System, Wireless locating, Visual system, Surveillance

Grant

Application Date

2/3/2021

Grant Date

2/21/2023

Title

Related Topics

Geolocation, Global Positioning System, Wireless locating, Visual system, Surveillance

Status

Grant

Latest Cambridge Mobile Telematics News

Addictive Smartphone Use Leading To Distracted Driving Deaths, Safety Officials Say

Apr 28, 2023

National Distracted Driving Coalition Holding up a smartphone as he kicked off a day long conference on distracted driving this week, National Transportation Safety Board vice chairman Bruce Landsberg gave the device a disgusted look, and warned the audience of an addiction to the devices leading to deadly consequences. Bruce Landsberg, National Transportation Safety Board vice chairman speaking at the "Seeking ... [+] Solutions to Eliminate Distracted Driving" conference in Washington D.C. on April 26, 2023. National Distracted Driving Coalition “Just say no, doesn't work. We know it doesn't work with drugs, and it doesn't work with the addiction that these things provide and it is an addiction. They are designed to be addictive by the folks who put them together. So every death and every injury from these crashes is 100% preventable,” declared Landsberg in his opening remarks at the “Seeking Solutions to Eliminate Distracted Driving" conference sponsored by the National Distracted Driving Coalition (NDDC) in Washington D.C. on Wednesday. The NDDC was created by the NTSB to research and take action to reduce distracted driving, a growing problem brought to the public's attention during April, designated as National Distracted Driving Awareness Month. Sophie Shulman, deputy director of the National Highway Traffic Safety Administration delivering a ... [+] keynote speech at the "Seeking Solutions to Eliminate Distracted Driving" conference in Washington D.C. on April 26, 2023. National Distracted Driving Coalition MORE FOR YOU “According to the police reports in 2021, we lost 3,522 friends, family members and neighbors to distracted driving,” noted Sophie Shulman, deputy director of the National Highway Traffic Safety Administration in her keynote speech at the NDDC conference. More broadly, in a December, 2022 report, the NDDC revealed distracted driving is estimated to play a role in 25%-30% of fatal crashes, citing, there were 3,142 deaths and an estimated additional 324,652 injured on U.S. roadways as a result of distracted driving, according to NHTSA. “Of concern, eight percent of fatal crashes, 14% of injury crashes, and 13% of vehicle collisions in 2020 reported to police involved distraction as a contributing factor (NHTSA, 2022),” the report said. Landsberg framed the issue using a stark aviation metaphor declaring, “If we pull up the number of distracted driving fatalities compared to aviation, we would be losing one airliner a week, one airliner a week that's the losses that we have due to distracted driving.” That's only a microcosm of the deadly affects of distracted driving as revealed in a sweeping report on the issue released earlier this month by telematics company Cambridge Mobile Telematics (CMT). The report revealed drivers were 30% more distracted in February 2022 than they were in February 2020, making it the worst month for phone distraction in the U.S. since 2019. An increase in distracted driving resulted in a corresponding increase in deaths and economic losses, according to the report which noted, “CMT’s data shows that every 10% increase in distracted driving kills over 420 people and costs the American economy $4 billion per year. With the 23% surge in distraction since 2020, CMT estimates that the increase in distracted driving caused an additional 420,000 crashes, 1,000 fatalities, and $10 billion in damages to the US economy in 2022. Distracted driving is caused by basically anything that takes the driver's attention away from the road including speaking on a smartphone, reading or sending texts, eating, fiddling with infotainment controls or simply having a conversation with passengers. But the introduction of smartphones is seen as a key driver of motorist distraction, resulting injuries and deaths. “When the iPhone was introduced in 2007, over 4,600 pedestrians were killed on American roadways. By 2021, 85% of Americans owned a smartphone, 7,485 pedestrians were killed — the most in 40 years — and there were 985 cycling deaths, the highest since 1990,” states the CMT report, which goes on to say, “NHTSA estimates that distracted driving killed 3,522 people in 2021, but caveats that the “estimates are almost certainly conservative because they are based only on identified distraction cases.” Indeed, the report shows not only has smartphone use increased by drivers, but so has the length of time they're being used while behind the wheel. Drivers interacted with their phones on nearly 58% of trips in 2022, up from 54% in 2020, according to the report. Screen interaction while driving reached two minutes and 12 seconds of every hour driving in 2022, a 23% increase over 2020. Chart from Cambridge Mobile Telematics indicating a relationship between smartphone use and injuries ... [+] and deaths attibuted to accidents caused by distracted driving. Cambridge Mobile Telematics “The increase in crashes when drivers interact with their screens is stark: The worst offenders are 240% more likely to crash than the safest drivers,” the report stated. Of course there are other distractions taking drivers' attention away from the road including o more elaborate and complex infotainment screens for choosing entertainment and comfort options. In the case of smartphones, some of this technology can be addictive, as asserted by the NTSB's Bruce Landsberg, but the increase in distracted driving may also be attributed to opportunity, especially when one is stuck in traffic. One way to mitigate that is by finding ways to keep traffic moving, said Bobby Lee, director of marketing and spokesperson for LYT , a cloud-based software platform aimed at reducing traffic congestion. Bobby Lee, director of marketing and spokesperson for LYT. LYT “Triple A foundation for traffic safety says that, you know, when we're sitting in traffic, we're two to four times more likely to be distracted and that leads to really dangerous things on the road. For example, with buses, one of the areas that we focus on at LYT, that 60,000 bus involved accidents annually,” said Lee in an interview. His company is using a combination of artificial intelligence and machine learning to keep traffic moving by prioritizing when traffic signals turn green. It not only clears the way for emergency and transit vehicles, it better regulates overall traffic flow, which also reduces the opportunity for drivers to be distracted. “So when you can keep people moving when they're engaged on the roadway.That means there's fewer distractions, that means they're going to get there faster, fewer minutes of distraction, and that means less, less, less danger to all of us,” explained Lee. To reduce smartphone use and better understand the extent of driver distraction in general, there are a number of mobile apps and technologies monitoring and recording smartphone use. Some apps provide the option of disabling a smartphone while the vehicle is in motion. Several insurance companies are offering the use of mobile apps that monitor driving habits of their customers and lowering premiums for those resisting distractions and exhibit overall safe practices. Most smartphones contain a do not disturb mode which users can choose to block incoming calls, texts or notifications. The NTSB's Sophie Shulman also suggested storing a smartphone in the vehicle's glove box or in a bag in the back of the car. She noted 25 states ban handheld cell phone use to reduce distraction while a number of communities are fighting the issue with so-called high-visibility enforcement. “There's no magic wand to solve this problem,” concluded Shulman. “Instead it will take all of us working together on many aspects including data collection, research, technology, laws, and equitable enforcement to take behavior to save lives.” Follow me on  Twitter .

Cambridge Mobile Telematics Frequently Asked Questions (FAQ)

  • When was Cambridge Mobile Telematics founded?

    Cambridge Mobile Telematics was founded in 2010.

  • Where is Cambridge Mobile Telematics's headquarters?

    Cambridge Mobile Telematics's headquarters is located at 314 Main Street, Cambridge.

  • What is Cambridge Mobile Telematics's latest funding round?

    Cambridge Mobile Telematics's latest funding round is Corporate Minority.

  • How much did Cambridge Mobile Telematics raise?

    Cambridge Mobile Telematics raised a total of $502.5M.

  • Who are the investors of Cambridge Mobile Telematics?

    Investors of Cambridge Mobile Telematics include SoftBank , MIT Csail and State Farm Ventures.

  • Who are Cambridge Mobile Telematics's competitors?

    Competitors of Cambridge Mobile Telematics include Amodo, The Floow, kasko2go, TrueMotion, Sentiance and 11 more.

Compare Cambridge Mobile Telematics to Competitors

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Zendrive

Zendrive is a data analytics platform. It offers usage-based insurance, claims automation, insurance qualification lens, advanced risk modeling, and more. It serves auto insurance, fleet risk management, commercial insurance, and other sectors. It was founded in 2013 and is based in San Francisco, California.

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.

Reviver Logo
Reviver

Reviver develops a digital license plate platform for connected vehicles through the RPlate, a digital license plate, that enables mobile registration renewal, personalization, location, and safety features. The RPlate is DMV-approved for use on consumer and commercial vehicles. Reviver was formerly known as Smart Plate. The company was founded in 2009 and is based in Granite Bay, California.

Octo Logo
Octo

Octo is a provider of telematics and data analytics solutions for the auto insurance industry. Its software and technological capabilities develops and manages comprehensive and integrated portfolio of telematics services, vehicle sharing and fleeting and truck fleets. The company was founded in 2002 and is based in Rome, Italy.

Motosmarty Logo
Motosmarty

Motosmarty develops big-data insurance telematics platform for motorcyclists. Together with a leading road telematics company we provide a solution that helps insurers to effectively price the vehicle insurance and bikers to safely navigate the road: avoid road hazards, improve their driving skills and pay less for insurance. On one hand, we offer a complete Telematics platform for insurance companies. The platform will allow them to build scalable, cost-efficient Usage-Based Insurance schemes for both motorcyclists and car drivers. On the one hand we propose an unique solution to a complex problem of high fatality risk among bikers. Finally, as the cherry on top, we complement the app with RoadFix - a special service for road authorities to tap into our road hazard DB. The service gives road managers an overview of the state of the road infrastructure within their jurisdiction. It also helps them planning and carrying out roadworks faster and cheaper.

A
Accuscore

Accuscore (fka Acculitx) is working with many of the major insurance companies to redefine usage-based insurance (UBI) to create a more relevant identification of driver behavior and risk called RBI - Risk Based Insurance. The key differentiator of accuscore is in using continuous vehicle motion data to generate a relevant predictor for driver risk with very strong correlation to actuary data. Because accuscoreSM is not 'event' based, it results in being the most comprehensive and accurate identifier of driver risk and behavior assessment.

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