DriveFactor

DriveFactor

DriveFactor, formerly Crimson Informatics, provides a data capture device that drivers plug into vehicles and a private consumer friendly website that shows driving habits, routes, recommendations for improvement, and a unique DriveFactor status. In addition, DriveFactor provides insurance companies with a turn-key software platform that enables usage based insurance (UBI) programs. DriveFactor has created a UBI platform that is statistically more predictive and financially more attractive for insurance companies to implement, as well as a privacy-sensitive, financially equitable offering for consumers.

Total funding
~$6M
HQ 🇺🇸
Glen Allen, United States
Status
Acquired
People
Steve McKay
Chief Executive Officer
Joseph Herbert
Chief Financial Officer
Milam Walters
Chief Operating Officer
MacGregor Fraser
Chief Information Officer
Investors
CCC Information Services
Safeguard Scientifics
QED Investors
Categories
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