Tech

Zendrive raises fresh funds from XL Innovate, others

Zendrive, a company that uses data analytics to make roads safer, on Thursday said it has raised $37 million in Series B funding led by XL Innovate.

This funding will help it continue to build up its mobile driving safety solution; strengthen its global team to deepen its focus on the insurance market.

“Zendrive was founded to make roads safe with data and analytics”. The company has offices in San Francisco and Bangalore.

The company also announced the launch of FullStop, a mobile-powered risk solution designed for; automobile insurance companies that help track road violations. The company claims to have analysed more than 180 billion miles covered by drivers till date.

FullStop offers predictive capabilities on metrics such as speeding and aggressive acceleration.

“No one ever imagined that smartphone sensors could detect stop sign violations, without dedicated hardware such as dash-mounted cameras. Zendrive’s data science capabilities are pushing the envelope from what’s conceivable to what’s now currently possible,” said Tom Hutton, managing partner, XL Innovate.

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