Cambridge Mobile Telematics Stock

cmtelematics.comFinTech / InsuranceFounded: 2010Funding to Date: $591.14MM

Cambridge Mobile Telematics (CMT) is a telematics and analytics provider for insurers, rideshares, and fleets. This company was founded in 2010 by Bill Powers, Hari Balakrishnan, Sam Madden and Tim Vogel and is headquartered in Cambridge, MA. Cambridge Mobile Telematics' DriveWell platform uses mobile sensing and behavioral science to measure driving risk and Claims Studio reduces the claims cycle time with real-time crash detection using telematics and artificial intelligence.

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Team

Management Team

Bill Power
Co-Founder & Chief Executive Officer
Hari Balakrishnan
Co-Founder & Chief Technology Officer
Katherine Wellm
Chief Product Officer
Sam Madden
Co-Founder & Chief Scientist

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News Highlights

Cambridge Mobile Telematics teams up with the Kiefer Foundation to combat distracted driving
Cambridge Mobile Telematics (CMT) is working with the Kiefer Foundation to combat distracted driving. The partnership will be highlighted at the annual Swing for Safe Driving Ball Golf Tournament, which seeks to raise awareness and support for hands-free driving. CMT's data has been key in demonstrating the effectiveness of hands-free legislation; it has noted a 13% average reduction in distracted driving in the first three months after the introduction of handheld bans in eight states.
Zagreb’s insurtech startup Amodo snapped up by Cambridge Mobile Telematics
Cambridge Mobile Telematics (CMT) has acquired insurtech startup Amodo. Backed by Softbank Vision Fund and General Atlantic, CMT is the world's largest telematics service provider. The merger will give Amodo's customers access to advanced telematics solutions for driver risk measurement, proactive crash and claims services, and behavioral modification to reduce driving risk. The purchase price was undisclosed.
Updated on: Feb 21, 2024

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Public news articles listed on this page have been curated by Forge based on several factors including, but not limited to, product updates, changes in organization structure, funding rounds, third-party valuations, and key personnel changes. Changes to this list of articles can be made at any time without notice and should not be relied upon for investment purposes. Forge does not verify the accuracy of the information contained in public news articles.