Cambridge Mobile Telematics Revenue and Competitors

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Boston, MA USA

Location

#7042

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Analytics

Industry

Estimated Revenue & Valuation

  • Cambridge Mobile Telematics's estimated annual revenue is currently $77M per year.(i)
  • Cambridge Mobile Telematics received $500.0M in venture funding in December 2018.
  • Cambridge Mobile Telematics's estimated revenue per employee is $177,800
  • Cambridge Mobile Telematics's total funding is $502.5M.
  • Cambridge Mobile Telematics's current valuation is $1.5B.

Employee Data

  • Cambridge Mobile Telematics has 433 Employees.(i)
  • Cambridge Mobile Telematics grew their employee count by 44% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$4.6M41-2%N/AN/A
#2
$2.5M26N/AN/AN/A
#3
$3.9M3594%N/AN/A
#4
$38.2M25414%N/AN/A
#5
$1.3M1678%N/AN/A
#6
$1M12-8%N/AN/A
#7
$3.5M31N/AN/AN/A
#8
$0.4M13-90%$81.7MN/A
#9
$9.1M75-11%$1.5MN/A
#10
$0.3M4N/AN/AN/A

Cambridge Mobile Telematics (CMT) pioneered telematics for usage-based and behavior-based programs making roads and drivers safer around the world. Founded in 2010 by two MIT professors, CMT's accomplished team of expert scientists and experienced entrepreneurs developed DriveWell, an advanced mobile-sensing and big data platform delivering an end-to-end smartphone telematics solution. DriveWell provides valuable feedback to users, helping them to improve driving performance and become more aware of unsafe behaviors. DriveWell is the first telematics platform in the industry to provide both traditional vehicle-centric, usage-based-insurance (UBI) and driver-centric, behavior-based insurance (BBI) solutions. Through the DriveWell program, CMT's partners can easily measure mileage, time of day, roadways and risky driving behaviors - giving them a complete picture of every trip and allowing them to segment high-risk vs low-risk customers easily. CMT has a proven track record of changing driver behavior: an average reduction of 35% in phone distraction, 20% in hard braking, and 20% in at-risk speeding all within 30 days of using the program. With DriveWell, users become safer drivers, resulting in fewer crashes and less-costly claims. The average user sustains a 25% reduction in phone usage even after 200 days, and some CMT's insurance partners report as much as 47% reduction in total claims costs, based on studies of more than 100,000 drivers. For more information about DriveWell, please visit: www.cmtelematics.com/drivewell

keywords:Mobile

$502.5M

Total Funding

433

Number of Employees

$77M

Revenue (est)

44%

Employee Growth %

$1.5B

Valuation

N/A

Accelerator

Cambridge Mobile Telematics News

2022-04-13 - Cambridge Mobile Telematics to Power HUK-COBURG's ...

Cambridge Mobile Telematics to Power HUK-COBURG's Digital Claims Services and Notification of Rescue Services in Germany. New crash assistance...

2022-03-30 - Cambridge Mobile Telematics Reports Distracted Driving in ...

Cambridge Mobile Telematics (CMT) is the world's largest telematics service provider. Its mission is to make the world's roads and drivers safer...

2022-03-30 - Cambridge Mobile Telematics Expands DriveWell® Platform ...

Cambridge Mobile Telematics Expands DriveWell® Platform to Connected Vehicles. DriveWell Auto™ fuses connected vehicle and IoT data sources to...

2021-03-09 - Cambridge Mobile Telematics Partners With Aioi Nissay Dowa Insurance to Launch Japan’s First Large Scale Usage-based Insurance Program

TOKYO & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Mar 9, 2021-- Aioi Nissay Dowa Insurance Company Limited (Aioi Nissay Dowa Insurance), a member of the MS&AD Insurance Group, the largest P&C insurer in Japan, has launched a new usage-based insurance program for personal-line consumers in partnership ...

2021-02-25 - CMT’s New Report Confirms Increasing Appetite for Connected Insurance in Europe

LONDON--(BUSINESS WIRE)--Feb 25, 2021-- A large shift in driving habits due to the COVID-19 pandemic has changed how people think about motor insurance across Europe, according to a new study by Cambridge Mobile Telematics (CMT), the world’s leading mobile telematics and analytics provider. Th ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$51.8M43813%N/A
#2
$115.5M4405%N/A
#3
$80.3M44334%N/A
#4
$136.2M44316%N/A
#5
$35M4459%N/A

Cambridge Mobile Telematics Funding

DateAmountRoundLead InvestorsReference
2018-12-20$500.0MUndisclosedSoftBank Vision FundArticle

Cambridge Mobile Telematics Executives


NameTitle
Bill PowersFounder & CEO
Heather De JesusChief Customer Success Officer
Fran SmithChief Financial Officer
David MorseChief Commercial Officer
Krisztian KopaszVP, Chief Architect
Tim VogelCISO ► Governance ♦ Compliance ♦ Information Security ♦ Privacy
Tim VogelCISO ► Governance ♦ Compliance ♦ Information Security ♦ Privacy
Heather JesusChief Customer Success Officer
Ben BowneSenior Vice President - Business Development & Partnerships
Sharon GadonniexExecutive Vice President of Engineering Development
Mike BenjaminVP of IoT
Jeff WaldmanVice President Client Solutions
Guolong LinVP of Engineering
Krisztian KopaszVP, Chief Architect
Sean BurnsRegional Vice President of Sales
Sanji AlwisVice President Of Business Development
Linda MurrayVP, Financial Planning & Analysis
Ryan McMahonVice President of Strategy