US EditionCambridge Mobile Telematics Secures $350M Round Led by TPG, Allianz
The investment supports CMT’s AI telematics platform used by nearly all top U.S. auto insurers, which has helped prevent over 100,000 crashes globally, Frost & Sullivan reports.
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Driver-tracking firm Cambridge Mobile Telematics raises $350 million for expansion in Europe - The Boston Globe
The company, which provides data about consumer driving habits to insurance companies, got its new funding from private equity firm TPG and insurers including Allianz and State Farm.
Exclusive: Cambridge Mobile Telematics secures $350 million from TPG, Allianz to make driving safer
Cambridge Mobile Telematics has quietly become one of the most important companies you’ve never heard of in the race to make driving safer—and now some of the world’s biggest insurers are doubling down on it. The Cambridge, Mass.–based company has secured a $350 million strategic investment led by TPG’s Rise Funds and Allianz X, Fortune exclusively learned, with existing backer State Farm also participating in the all-secondary deal. CMT builds …
TPG, Allianz Lead $350 Million Investment in Cambridge Mobile Telematics
State Farm also participated in latest investment round. Cambridge Mobile Telematics, the telematics and AI platform used by major auto insurers including State Farm and Progressive, has received a $350 million strategic investment led by private equity firm TPG and Allianz X, the strategic investment arm of insurer Allianz Group. State Farm also participated in …
Allianz Group invests through Allianz X in the world's leading telematics service provider Cambridge Mobile Telematics. At the same time Allianz Partners and Allianz Versicherung want to use the US company's offers. However, this will take some time for the insurer. Allianz is now not only an investor at Cambridge, but also a cooperation partner of the company© Screenshot Cambridge Mobile Telematics Cambridge Mobile Telematics [...]
TPG and Allianz Lead USD 350 Million Strategic Investment in Cambridge Mobile Telematics to Accelerate AI-Driven Road Safety
Partnership to Expand Global Road Safety Platform and Real-Time AI Risk Models Accompanied by New Long-Term Commercial Agreements Between Allianz and CMT CAMBRIDGE, Mass. & SAN FRANCISCO & MUNICH--(BUSINESS WIRE)--Cambridge Mobile Telematics (CMT), ... L'articolo TPG and Allianz Lead USD 350 Million Strategic Investment in Cambridge Mobile Telematics to Accelerate AI-Driven Road Safety è un contenuto originale di 01net.
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