Cambridge Mobile Telematics Valuation, Funding & Investors

Cambridge Mobile Telematics is valued at $1B as of March 2026.

Last Cambridge Mobile Telematics valuation

$1B

Undisclosed stage · Mar 2026

Last Cambridge Mobile Telematics funding round

$350M

Undisclosed stage · Mar 2026

Cumulative funding Cambridge Mobile Telematics raised

$853M

across 3 funding rounds

Key investors in Cambridge Mobile Telematics

Cambridge Mobile Telematics Overview

About Cambridge Mobile Telematics

Cambridge Mobile Telematics is an MIT spinout founded in 2010 that develops the DriveWell mobile telematics platform. Using mobile sensing, AI, and behavioral analytics, the platform measures driving performance to support insurance pricing, safety incentives, and automated claims processing. It serves insurers, fleets, and wireless carriers, including State Farm, Liberty Mutual, and Discovery, across more than 20 countries, reaching a global customer base of several million users.


Founded

2010

HQ

United StatesUnited States

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1B (Mar 2026)

Cambridge Mobile Telematics Valuation

Cambridge Mobile Telematics is currently valued at $1B, based on its undisclosed-stage round in March 2026. Read the announcement ↗

The $350M round was led by Allianz X and TPG, with participation from State Farm.

Cambridge Mobile Telematics valuation by funding round

Cambridge Mobile Telematics valuation by funding round
DateStageValuation
Mar 2026Undisclosed stage$1B

Cambridge Mobile Telematics Funding History

Cambridge Mobile Telematics has raised a total of $853M across 3 funding rounds.

Cambridge Mobile Telematics' first fundraising round was a $3M seed round in September 2014. The most recent completed round was a $350M undisclosed-stage round in March 2026.

Cambridge Mobile Telematics funding rounds

Cambridge Mobile Telematics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2026Undisclosed stageAllianz X (lead); TPG (lead); State Farm$350M$1BIn March 2026 Cambridge Mobile Telematics announced a USD 350 million strategic investment led by TPG, through its Rise Funds, and Allianz X, with State Farm participating. The transaction was structured as an all-secondary investment, meaning the proceeds went to existing shareholders rather than to the company's balance sheet. The parties said the investment would support the company's AI-driven road safety efforts. Cambridge Mobile Telematics is a Cambridge, Massachusetts-based telematics provider whose platform analyses driving behaviour from smartphones and connected devices, serving insurers, automakers and mobility companies. Allianz X is the digital investment arm of Allianz, and State Farm is a large US insurer. The company had previously raised capital from investors including SoftBank Vision Fund and General Catalyst. Valuation was not disclosed by the company.
Dec 2018Undisclosed stageSoftBank Group (lead)$500M-Cambridge Mobile Telematics (CMT), an MIT spinout founded in 2010, develops the DriveWell mobile telematics platform using mobile sensing, AI, and behavioral analytics to measure driving performance, improve safety, and support insurance pricing, incentives, and claims automation. The platform serves insurers, fleets, wireless carriers, and others, partnering with major players like State Farm, Liberty Mutual, Desjardins, Discovery, Admiral, MS&AD Group, QBE, AIG, and Insurance Australia Group across more than 20 countries, with a global customer base of several million users. On December 19, 2018, CMT secured a $500 million investment from the SoftBank Vision Fund, subject to regulatory approval, marking a significant escalation from its prior funding—a 2014 round of up to $17.5 million where $2.5 million was confirmed via SEC filing. SoftBank partner Akshay Naheta highlighted CMT's innovations in telematics, machine learning, and behavioral analytics for insurance and safety challenges. CMT plans to use the funds to accelerate DriveWell adoption, expand automated crash and claims management, enhance video analytics, and advance safety solutions for emerging vehicles and mobility systems. The company aims to scale safe mobility for people and goods globally, building on its rapid growth amid rising crashes from distracted driving. This round positions CMT among SoftBank Vision Fund's data-driven automotive bets, alongside investments like Brain Corp and Cruise Automation.
Sep 2014Seed-$3M-Cambridge Mobile Telematics raised a Venture round of $2.5 million in September 2014. The round was part of early funding, with sources indicating at least $2.5 million secured toward a targeted $17.5 million. Cambridge Mobile Telematics develops mobile telematics and analytics solutions, including the DriveWell platform for measuring driving risk and improving safety. The company, founded in 2010 from MIT, focuses on applications for insurers, fleets, and carriers to assess driving performance, reduce crashes, and automate claims. By later years, it expanded to over 20 countries with partners like State Farm and Liberty Mutual, serving millions of users.

Who has invested in Cambridge Mobile Telematics?

4 investors have backed Cambridge Mobile Telematics across its funding rounds, including SoftBank Group, TPG, Allianz X and State Farm.

Lead investors include Allianz X, TPG and SoftBank Group.


Cambridge Mobile Telematics Investors

Investors in Cambridge Mobile Telematics by funding rounds participated
InvestorHQRoundsRoleFirst check
Allianz XGermanyMunich1LeadMar 2026
SoftBank GroupJapanTokyo1LeadDec 2018

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Cambridge Mobile Telematics

Cambridge Mobile Telematics has acquired 2 companies to date.

Last acquisition by Cambridge Mobile Telematics was on March 1st 2023. Cambridge Mobile Telematics acquired AMODO for undisclosed valuation.


Latest Acquisitions by Cambridge Mobile Telematics

AMODO
TrueMotion
Description
AMODO is a telematics platform that equips insurance companies with tools to develop usage-based products like pay-as-you-drive and pay-how-you-drive policies. Based in Ljubljana, Slovenia, with offices in London and Singapore, it supports digital channels for motor, travel, accident, gap, and short-term insurance tailored to shared mobility providers such as Uber and GrabCar. The platform automates customer engagement through scheduled campaigns, data analytics, and reporting dashboards for stakeholders.
TrueMotion is a Boston-headquartered insurtech company providing driving data platforms to personalize auto insurance premiums. Its mobile SDK tracks acceleration, braking, phone usage, and route data to generate safety scores for 50 million drivers. Insurers like Progressive and Liberty Mutual use TrueMotion to offer usage-based discounts up to 50 percent for safe drivers. The technology reduces claims frequency by 30 percent through gamified feedback apps. Founded in 2013 as Censio, TrueMotion operates in the US and UK with partnerships across 20 carriers.
HQ CountryCroatiaUnited States
HQ City
Zagreb
Boston, MA
Deal Date1 Mar 202317 Jun 2021
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Investments by Cambridge Mobile Telematics

Cambridge Mobile Telematics has invested in 1 company to date.

Latest investment by Cambridge Mobile Telematics was on September 27th 2021. Cambridge Mobile Telematics invested in Phiar Technologies in their $12M Series A round.


Latest Investments by Cambridge Mobile Telematics

Phiar Technologies
Description
Phiar Technologies is a Tel Aviv-based AI company developing ultra-lightweight spatial engines for AR navigation and ADAS using single-camera edge computing. Its platform powers real-time 3D mapping on mobile processors for vehicles, enhancing safety through obstacle detection. Phiar debuted its Intelligent AR Navigation at CES 2020 for connected cars.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date27 Sep 2021
RoundSeries A
Raised$12M
InvestorsTelenav; The Venture Reality Fund/VRF; GFR Fund; Norwest; State Farm Ventures
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Cambridge Mobile Telematics Competitors

Cambridge Mobile Telematics competitors include listed companies like Vitec Software, Alfa Financial Software, Topicus and AmeriTrust, and private ones like AutoFi and Car Capital Technologies.

Public and private companies comparable to Cambridge Mobile Telematics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Vitec SoftwareSwedenSwedenPublicly listed$369M$150M$1.2B4.1x
AutoFiUnited StatesSan Francisco, CAPrivate--$700M-
Alfa Financial SoftwareUnited KingdomUnited KingdomPublicly listed$169M$58M$665M3.6x
TopicusNetherlandsNetherlandsPublicly listed$1.7B$381M$5.8B3.3x
Car Capital TechnologiesUnited StatesDallas, TXPrivate--$170M-
AmeriTrustCanadaCanadaPublicly listed$1M($8M)$127M44.2x

Cambridge Mobile Telematics Public Comps

Cambridge Mobile Telematics is still privately-owned, but its public comps include Pateo Connect Tech, Hippo Insurance, Zwsoft, Yonyou Auto Info Tech, Root Inc., Qiming Information, Vitec Software, weSure, Trupanion and Alfa Financial Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Pateo Connect Tech$527M($144M)2.3x1.5x(8.4x)(19.8x)
Hippo Insurance$469M$84M1.5x1.3x8.5x18.3x
Zwsoft$134M$12M6.3x5.8x68.1x36.8x
Yonyou Auto Info Tech$77M$6M8.5x-117.4x-
Root Inc.$1.5B$74M0.4x0.4x8.2x4.1x
Qiming Information$116M$14M6.0x-50.5x-
Vitec Software$369M$150M4.2x4.1x10.4x10.2x
weSure$1.4B$174M0.7x-5.4x-

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Common questions about Cambridge Mobile Telematics

When was Cambridge Mobile Telematics founded?Cambridge Mobile Telematics was founded in 2010.
Where is Cambridge Mobile Telematics headquartered?Cambridge Mobile Telematics is headquartered in United States.
Is Cambridge Mobile Telematics publicly listed?No, Cambridge Mobile Telematics is a private, VC-backed company.
What is Cambridge Mobile Telematics' valuation?Cambridge Mobile Telematics was last valued at $1B in its undisclosed-stage round in March 2026.
How much funding has Cambridge Mobile Telematics raised?Cambridge Mobile Telematics has raised $853M across 3 funding rounds.
What was Cambridge Mobile Telematics' last funding round?Cambridge Mobile Telematics' last funding round was a $350M undisclosed-stage round in March 2026, led by Allianz X and TPG.
Who are Cambridge Mobile Telematics' investors?Cambridge Mobile Telematics' investors include Allianz X, SoftBank Group, State Farm and TPG.
Which companies are comparable to Cambridge Mobile Telematics?Companies comparable to Cambridge Mobile Telematics include Vitec Software, AutoFi, Alfa Financial Software, Topicus, Car Capital Technologies and AmeriTrust.
How many companies has Cambridge Mobile Telematics acquired?Cambridge Mobile Telematics has acquired 2 companies, including AMODO and TrueMotion.
How many companies has Cambridge Mobile Telematics invested in?Cambridge Mobile Telematics has invested in 1 company, including Phiar Technologies.
What was Cambridge Mobile Telematics' last investment?In September 2021, Cambridge Mobile Telematics invested in Phiar Technologies' $12M Series A alongside Telenav, The Venture Reality Fund/VRF, GFR Fund and 2 other investors.

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