Zendrive develops smartphone-based driving-safety solutions and analytics that leverage patented algorithms and machine learning to reduce collision risk. The company’s RiskReveal suite and new FullStop product provide predictive capabilities such as speeding, aggressive acceleration, and stop-sign-violation risk. Zendrive says its insights have helped partners including Juno, Grupo Sura, and AXA XL, adding millions in revenue to those partners. Led by CEO and co-founder Jonathan Matus, the company targets insurers for underwriting, loss control, and claims processing use cases. Zendrive intends to use the new funding to continue building its mobile driving-safety solution and to grow its team across five continents. The product and go-to-market focus are centered on the global insurance market. Zendrive provides driving-safety analytics by collecting sensor data from smartphones and packaging it as licensing-based telematics for enterprise customers such as on-demand services and trucking companies. The company offers an SDK that is free for up to four drivers, charges $4 per driver per month for fleets of five to 99 drivers, and requires a custom quote for larger deployments. Zendrive has developed features like Automatic Collision Detection in collaboration with BMW, tested at BMW crash-test facilities, which detects collisions in real time and can notify call centers or emergency contacts. The startup is 2.5 years old, has 35 employees and is based in San Francisco. Its new funding will be used to double the team by year end and further refine its technology. Zendrive positions its phone-based approach as more relevant to multi-driver on-demand services and as avoiding certain cybersecurity weaknesses tied to on-board diagnostics hardware used by some competitors. Zendrive builds driver-focused telematics that use smartphone sensors to measure speed, acceleration and other signals to assess driver behavior. The company today launched ZenFleets, its first paid service, which tracks vehicle location and tries to determine whether drivers are paying attention to the road. Unlike many competitors that rely on vehicle sensors, Zendrive emphasizes phone-based data and argues that smartphone signals are comparably accurate. ZenFleets also looks for driver distraction such as phone use, and the product is targeted at rideshare, carshare and last-mile delivery companies. Zendrive positions the service as a way for on-demand transport businesses to scale safely and efficiently through driver-centric analytics. The company previously raised a $1.5 million round in August 2013 and has recently closed a strategic financing whose size was not disclosed. Zendrive is a San Francisco-based company developing an approach to provide driving-related data to consumers. The company aims to make roads smarter, commutes shorter, and rides safer, greener, more fun and affordable. Its product is intended to promote better driving habits and to help consumers make better decisions about auto-related purchases and services. Leadership includes Jonathan Matus (President and CEO) and Pankaj Risbood (VP, Data). In August 2013 Zendrive raised $1.5M in seed funding. Backers included First Round Capital, Max Levchin, Jerry Yang, Tim Ferriss and other tech founders and investors.

Total raised

$52M

Funding rounds

4

Latest round

Series B

Latest activity

Aug 2019