Nexar

Nexar

Nexar uses smartphones to create an AI-backed vehicle-to-vehicle network that works to predict and prevent accidents. Per the company, computer vision software aims to alert drivers to help them avoid accidents or receive updates on traffic problems like blocked lanes ahead. The company partners with third-party dashboard-camera makers and then uses deep learning which is run, per the company, on people's smartphones that are connected to their car cameras-to recognize objects in the road. The company also aims to allow users to link their Nexar accounts to their insurance providers to speed up the claims process, i.e, sending a video of an accident, along with information like the time, date, and location of the collision. Nexar’s car dash cams records your drives, backs up important videos to the cloud and provides immediate evidence to your phone in case of an accident. Discover worry-free driving today.

Total funding
~$96M
HQ 🇮🇱
Tel Aviv, Israel
Year founded
2015
Status
Alive
Investors
40 North Ventures
GE Ventures
Corner Ventures
Samsung Ventures
Nationwide Mutual Insurance Company
Ibex Investors
Aleph
Mosaic Ventures
Micron Ventures
Sompo Holdings
La Maison
Atreides Management
True Ventures
Alibaba Group
Slow Ventures
Tusk Ventures
Nationwide Ventures
Plug and Play Accelerator
Categories
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