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- Cambridge Mobile Telematics
Cambridge Mobile Telematics Funding, Investors & Competitors
Cambridge Mobile Telematics has raised $853M across 3 funding rounds, most recently a $350M undisclosed-stage round in March 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
SoftBank Group
The Rise Fund
Allianz X
State Farm
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2026 | Undisclosed stage | Allianz X (lead); The Rise Fund (lead); State Farm | $350M | - |
| Dec 2018 | Undisclosed stage | SoftBank 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 2014 | Seed | - | $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, The Rise Fund, Allianz X and State Farm.
Lead investors include Allianz X, The Rise Fund and SoftBank Group.
Cambridge Mobile Telematics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Lead | Mar 2026 | ||
| 1 | Lead | Dec 2018 | ||
This data is available for Pro users. Sign up to see all 4 Cambridge Mobile Telematics investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions 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
| 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 Country | ||
| HQ City | Zagreb | Boston, MA |
| Deal Date | 1 Mar 2023 | 17 Jun 2021 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Cambridge Mobile Telematics acquisitions and their M&A valuation multiples. Start Free Trial | ||
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
| 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 Country | |
| HQ City | San Francisco, CA |
| Deal Date | 27 Sep 2021 |
| Round | Series A |
| Raised | $12M |
| Investors | Telenav; The Venture Reality Fund/VRF; GFR Fund; Norwest; State Farm Ventures |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Cambridge Mobile Telematics investments and their VC round multiples. Start Free Trial | |
Cambridge Mobile Telematics Competitors
Cambridge Mobile Telematics competitors include listed companies like Constellation Software, Topicus, Vitec Software and Alfa Financial Software, and private ones like AutoFi and Car Capital Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $12B | $2.5B | $43B | 3.5x | ||
| Publicly listed | $1.8B | $393M | $5.4B | 3.0x | ||
| Publicly listed | $371M | $151M | $1B | 3.5x | ||
| Private | - | - | $700M | - | ||
| Publicly listed | $170M | $58M | $618M | 3.4x | ||
| Private | - | - | $170M | - |
Cambridge Mobile Telematics Public Comps
Cambridge Mobile Telematics is still privately-owned, but its public comps include Autodesk, Constellation Software, Dassault Systemes, Oscar Health, PB Fintech, Mobility Global, Topicus, Accelerant, Lemonade and ThunderSoft.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.2B | $1.8B | 6.3x | 5.7x | 25.6x | 14.1x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $7.2B | $2.2B | 4.0x | 4.0x | 13.2x | 11.2x | |||
| $12B | ($391M) | 0.5x | 0.4x | (15.9x) | 12.8x | |||
| $708M | $58M | 11.7x | 10.1x | 143.3x | 101.3x | |||
| $1.8B | $637M | 4.7x | - | 12.9x | - | |||
| $1.8B | $393M | 3.4x | 3.0x | 15.3x | 10.6x | |||
| $880M | ($1.2B) | 4.5x | 3.7x | (3.3x) | 12.9x | |||
This data is available for Pro users. Sign up to see all Cambridge Mobile Telematics competitors and their valuation data. Start Free Trial | ||||||||
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. |
| 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 The Rise Fund. |
| Who are Cambridge Mobile Telematics' investors? | Cambridge Mobile Telematics' investors include Allianz X, SoftBank Group, State Farm and The Rise Fund. |
| Which companies are comparable to Cambridge Mobile Telematics? | Companies comparable to Cambridge Mobile Telematics include Constellation Software, Topicus, Vitec Software, AutoFi, Alfa Financial Software and Car Capital Technologies. |
| 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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