Cambridge Mobile Telematics Competitors, Revenue and Alternatives

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Overview

Location:
Boston, MA USA
Total Funding:$502.5M
Industry:Tech Services
Founded:2010
Lead Investor(s):SoftBank Vision Fund
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Estimated Revenue & Financials

  • Cambridge Mobile Telematics's estimated annual revenue is currently $22M per year.
  • Cambridge Mobile Telematics received $500.0M in venture funding in December 2018.
  • Cambridge Mobile Telematics's estimated revenue per employee is $145,000
  • Cambridge Mobile Telematics's total funding is $502.5M.

Employee Data

  • Cambridge Mobile Telematics has 152 Employees.
  • Cambridge Mobile Telematics grew their employee count by 60% last year.
  • Cambridge Mobile Telematics currently has 2 job openings.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
PcVue Inc.
$11.7M81N/AN/A
Progress Softwa...
$466M3214N/AN/A
eClinicalWorks
$566.5M3907N/AN/A
TandemSeven
$13.6M94N/AN/A
Prime Numbers T...
$1.5M10N/AN/A
Cangrade
$3.3M23N/AN/A
Mendix
$97M66936%N/A
Open Geospatial...
$10.3M71N/AN/A
Aura
$15.7M10835%N/A
TRUX
$11M7677%N/A
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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

152

Number of Employees

$22M

Revenue (est)

2

Current Jobs

60%

Employee Growth %

$502.5M

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

Executive Contacts

NameTitleEmail
Al McGowanCeo
Ben BowneVice President - Partner SolutionsEmail Available
Joseph KanapkaPrincipal Software EngineerEmail Available
Sharon GadonniexSenior Director Of EngineeringEmail Available
Ryan McMahonVice President Of InsuranceEmail Available
Heather De JesusVice President Program ManagementEmail Available
Mike BenjaminVP of IoTEmail Available
Greg PadowskiPrincipal Data ScientistEmail Available
Ben HopkinsSenior Product ManagerEmail Available
Joseph JamielDirector of Sales and StrategicEmail Available

Cambridge Mobile Telematics News

09/03/2019 - Business News: J.D. Power, Root and Owlcam, Country Financial and Cambridge Mobile Telematics

Cambridge Mobile Telematics has formed a partnership with Country Financial to enroll auto policyholders in Colorado and Minnesota in its ...

09/08/2019 - Cambridge Mobile Telematics Furthers Partnership with COUNTRY Financial® to Launch New DriverIQ App

Cambridge Mobile Telematics (CMT), the world's leader in mobile telematics and behavioral analytics, today announced a new partnership ...

09/03/2019 - What better place to test car crashes than a demolition derby?

Cambridge Mobile Telematics, a 10-year-old company based in Cambridge, worked with the Barnstable County Fair's demolition derby ...

Cambridge Mobile Telematics Funding

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