Tech Company Financing Transactions
Cambridge Mobile Telematics Funding Round
On 12/20/2018, Cambridge Mobile Telematics landed $500 million in financing from SoftBank Vision Fund.
Transaction Overview
Company Name
Announced On
12/20/2018
Transaction Type
Venture Equity
Amount
$500,000,000
Round
Undisclosed
Investors
SoftBank Vision Fund (Akshay Naheta)
Proceeds Purpose
This investment will accelerate the adoption of CMT's successful DriveWell platform used by insurers, fleets, wireless carriers, and other entities to measure driving risk and improve driver safety.
Company Information
Company Status
Private & Independent
Industry
Mobile
Mailing Address
101 Main St. 14th floor 1400
Cambridge, MA 02142
USA
Cambridge, MA 02142
USA
Phone
Website
Email Address
Overview
Cambridge Mobile Telematics (CMT) makes roads and drivers safer around the world. Founded in 2010 by two MIT professors and experienced entrepreneurs, CMT pioneered telematics for behavior-based insurance (BBI) and deployed the first solution to provide both traditional vehicle-centric UBI and BBI. CMT has over 20 customers in 14 countries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
William Powers
Chief Financial Officer
Fran Smith
Chief Information Officer
Timothy Vogel
Chief Scientific Officer
Sam Madden
Chief Technical Officer
Hari Balakrishnan
VP - Engineering
Matthew Levine
VP - Marketing
Ryan McMahon
VP - Product Management
Katherine Wellman
VP - Sales
Dennis Frawley
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