Details

Last Funding Type

Seed

Last Funding Money Raised

$1.30M

Industries

Android,Artificial Intelligence,Automotive,Insurance,InsurTech,Machine Learning,Mobile,Software

Founded date

Jan 1, 2011

Number Of Employee

11 - 50

Operating Status

Active

Driveway is a cloud-based technology that helps ordinary drivers become safe drivers and helps insurers find and reward them. The company provides auto insurers with comprehensive insured driving data for better pricing intelligence – maximizing the opportunity for lower loss ratios and higher profits. While the technology sets new performance standards in the Usage-Based Insurance arena, affordability, scalability, and ease of rollout are the head-turning features that position auto insurers for cost-effective speed to market.

Driveway's patented artificial intelligence (AI) technology measures safe and unsafe driving behaviors automatically, right from a driver's smartphone. It combines sensor fusion, machine learning, and artificial intelligence algorithms to sense car trips and driver aggressiveness without the need for plug-in hardware.