Sfara develops mobile-based First Notice of Loss (FNOL) and crash-detection technology that delivers on-scene and automatic notifications without additional hardware. Its platform uses an AI layer to reduce false positives and detects lower-severity incidents that telematics control units (TCUs) can miss. Sfara holds patented features such as Triple-Tap® and Triggered TrainingTM and is recognized by partners including Bosch, Mercedes‑Benz, and Verizon. The company highlights that on-scene FNOL currently occurs in only 12% of incidents and positions its technology to capture economic opportunities in post-collision response and repair markets valued globally at over $600B; insurers can gain up to $800 per on-scene response. Founded in 2012 and based in Hoboken, N.J., Sfara intends to accelerate sales of its technology and said investor support validates its market opportunity. Management indicated more announcements are forthcoming as it executes on its vision for mobile safety.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2021