Cambridge Mobile Telematics

What Cambridge Mobile Telematics does

Cambridge Mobile Telematics (CMT) is a private, profitable AI telematics company founded in 2010 as a spin-off from MIT's CarTel project by Hari Balakrishnan, Sam Madden, and Bill Powers. The company builds the DriveWell platform, which fuses sensor data from smartphones, proprietary IoT hardware (Tag Pro and Tag Max), connected vehicles, dashcams, and third-party telematics service providers into a unified driving behavior dataset processed by CMT's AI models. Over 1 trillion daily driving data points feed risk scoring (Premium Score, approved in 49 states), real-time crash detection and reconstruction, claims automation, and driver engagement applications. DriveWell Atlas, launched in October 2025, extends the platform with foundation models trained on multi-modal sensor streams for risk assessment, crash prediction, and personalized coaching.

CMT operates a B2B enterprise model with three interlocking go-to-market motions. Direct enterprise sales secure multi-year platform licensing agreements with auto insurers for usage-based insurance programs; named customers include State Farm, Nationwide, Discovery, HUK-COBURG, Desjardins, and Allianz Partners. A BYOD API-first approach integrates DriveWell Fleet with Samsara, Verizon Connect, Lytx, Netradyne, GPS Insight, and Linxup, covering over 80% of connected commercial vehicles for commercial auto insurers. White-label consumer mobile apps (DriveWell Go, OpenRoad, and partner-branded variants such as Drive Safe & Save) reach 65M+ enrolled drivers across 25 countries through 140+ production programs spanning personal auto, commercial fleet, OEM, gig mobility, and government transportation safety customers.

Revenue is generated through subscription platform licensing, usage-based risk assessment data services, IoT hardware sales (Tag Pro and Tag Max), government data subscriptions via StreetVision, and transaction-linked claims services. CMT reports being profitable after 16 years and has raised $500M from SoftBank Vision Fund (2018) and $350M from TPG Rise Funds and Allianz X with State Farm participation (2026, all-secondary) at a reported $1B+ private valuation. Past acquisitions include TrueMotion (June 2021) and Amodo (March 2023). Operations span Cambridge (HQ), Budapest, Chennai, Seattle, Tokyo, and Zagreb, with a workforce of 251–500.

Name

Cambridge Mobile Telematics

Legal name

Cambridge Mobile Telematics Inc.

Website

https://cmtelematics.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

251–500 employees

Short description

Cambridge Mobile Telematics is a profitable private AI telematics platform processing 1 trillion+ driving data points daily across 140+ programs. It serves 21 of the top 25 US auto insurers, major automakers, mobility platforms, and government agencies in 25 countries.

Ownership category

akta.pro rank

Product category

Telematics and Usage-Based Insurance Software

NAICS

Other Communications Equipment Manufacturing (33429), Computer and Peripheral Equipment Manufacturing (33411), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Communications Equipment, Nec (3669), Computer Communications Equipment (3576)

akta.pro primary industry

Driver Behavior, Safety Scoring & Usage-Based Telematics (TLAEAFAF)

akta.pro secondary industries

Video Telematics, ADAS & AI Dashcams (TLAEAFAG), Data Platforms, APIs & System Integrations for Connected Fleets (TLAEAFAN), Fleet Tracking, Mapping & Real-Time Location Services (RTLS) (TLAEAFAD)

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations, Supply Chain

Revenue model

1. Platform Licensing to Insurers: CMT licenses its DriveWell platform to auto insurers for usage-based insurance programs. Insurers use the platform to measure driver risk, price premiums, and engage customers. Revenue is recurring based on platform access and per-user/per-program licensing fees.
2. Risk Assessment Data Services: Provides telematics-based risk scoring and analytics to insurers for underwriting and pricing decisions. APIs and data feeds enable insurers to incorporate driving behavior data into their actuarial models.
3. Commercial Fleet Telematics: DriveWell Fleet platform licenses commercial auto insurers to access fleet telematics data for insurance pricing. Integrates with existing fleet TSP providers and offers proprietary hardware (Tag Pro, Tag Max) for unconnected vehicles.
4. IoT Hardware Sales: Sale of proprietary Tag IoT devices (Tag Pro, Tag Max) to insurers and fleet operators for vehicle-based telematics data collection without requiring smartphone apps.
5. Government/Public Sector Data Services: StreetVision platform provides behavioral analytics to transportation agencies, DOTs, and traffic safety commissions for infrastructure planning and safety intervention targeting.
6. Claims Processing Services: DriveWell Crash & Claims streamlines insurance claims through automated crash detection, data prefilled claim submissions, and detailed crash reconstruction for faster resolution and fraud identification.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Cambridge Mobile Telematics builds and licenses the DriveWell platform, an AI-driven telematics and behavioral analytics solution that fuses sensor data from smartphones, proprietary IoT Tags, connected vehicles, dashcams, and third-party devices to assess driving risk, detect crashes, automate claims, and power usage-based insurance programs. Its products are sold to auto insurers, commercial fleet operators, automakers, mobility platforms, and government transportation agencies, often under white-label deployments; the company also sells proprietary Tag IoT hardware.

Product overview

CMT offers a unified platform-plus-modules architecture centered on the DriveWell Fusion Platform, an AI-driven telematics system that processes sensor data from smartphones, IoT devices (Tags), connected vehicles, and third-party sources. The core platform is augmented by three main product lines: DriveWell Risk (behavioral analytics and pricing), DriveWell Crash & Claims (crash detection and claims automation), and DriveWell Engage (driver motivation and behavior change). Supporting sub-products include Premium Score (actuarial scoring), DriveWell Fleet (commercial insurance), DriveWell Crash and DriveWell Claims (modular crash/claims components), StreetVision (public sector road safety), and DriveWell Atlas (Telematics Foundation Models for next-generation AI). Hardware offerings include Tag Pro and Tag Max IoT devices. The platform is supplemented by DriveWell SDK for developer integration and the Universal Driving Score for portable driving records. Together these products enable insurers, automakers, and mobility providers to measure risk, detect crashes, engage drivers, and prevent collisions across 25 countries.

Differentiator

Problem solved

Functional benefit

Brands

• DriveWell: Core telematics platform brand including DriveWell Fusion, DriveWell Atlas, DriveWell Fleet, DriveWell Risk, DriveWell Crash & Claims, and DriveWell Engage products
• DriveWell Fusion
• DriveWell Atlas
• DriveWell Fleet
• StreetVision
• DriveWell Tag
• DriveWell Risk
• DriveWell Crash & Claims
• DriveWell Engage
• Premium Score

Products and services

• DriveWell Fusion Platform CMT's flagship AI-driven telematics platform that gathers and fuses sensor data from smartphones, IoT Tags, connected vehicles, dashcams, and third-party devices with contextual data to produce unified driving behavior analytics for insurers, automakers, fleets, and government agencies.
• DriveWell Atlas A suite of Telematics Foundation Models that learns the underlying physics of force, motion, and trajectory across CMT's platform. It is the first foundation model purpose-built for mobility, enabling unprecedented risk assessment, crash detection, and personalized coaching capabilities for insurers and mobility providers.
• DriveWell Risk A complete telematics and behavioral analytics solution that assesses and improves driver behavior for insurers. It enables accurate pricing, better underwriting, lower losses through safer-driving encouragement, and improved customer loyalty.
• DriveWell Crash & Claims Detects car crashes in real-time and dispatches emergency/roadside assistance, while streamlining claims through automated, telematics-prefilled FNOL submissions and faster liability and total-loss decisions for insurers.
• DriveWell Engage An app engagement solution that motivates safer driving through personalized real-time feedback, incentives, family sharing, competition, badges, and streaks for insurer and mobility-provider branded apps.
• DriveWell Fleet A telematics platform for commercial auto insurers that delivers 100% fleet coverage by combining a BYOD API layer for connected vehicles (Samsara, Verizon Connect, Lytx, Netradyne, GPS Insight, Linxup) with proprietary Tag hardware for unconnected vehicles, enabling accurate commercial fleet risk pricing.
• StreetVision An AI-powered road safety platform for public-sector transportation agencies that combines behavioral driving analytics with geospatial intelligence to predict where risk is emerging, measure intervention impact, and prioritize countermeasures.
• Premium Score A driver risk scoring model based on millions of trips and billions of miles, approved for actuarial use in 49 US states for pricing auto insurance based on actual driving behavior.
• Tag Pro Proprietary peel-and-stick wireless IoT device for light-duty vehicles (Class 1-4) that measures and uploads driving behavior data over CMT's proprietary mesh network, requiring no phone, app, or cellular plan.
• Tag Max Proprietary IoT device for heavy-duty vehicles (Class 5+) that adds solar-powered LTE and GPS to Tag Pro capabilities, with seconds-long windshield installation and no plug-in required.
• Universal Driving Score A portable driving score product that enables consumers to carry their CMT-derived driving score to insurers for better auto insurance rates, protected under the Fair Credit Reporting Act, launched in partnership with TransUnion.

Quantifiable outcome

• 20% reduction in distracted driving among top 30% engaged drivers after 30 days
• +10 more outcomes

Named customers20 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability10 records

Feature8 records

Partnerships

Eight partnerships are on record, tiered core.

• Allianz PartnerscoreStrategic or Co-development Partner · 24 March 2026Long-term commercial agreement to collaborate on data-driven insurance and assistance services across Europe for retail customers, automotive OEMs, and mobility partners. Partnership aims to provide tailored, data-driven insurance and assistance services ensuring peace of mind along customer journey.
• Allianz Versicherungs-AGcoreStrategic or Co-development Partner · 24 March 2026Long-term commercial agreement to expand data-driven insurance products across Europe for retail customers. CMT's technology enables Allianz to provide customers with better protection through technology to prevent accidents and improve motor insurance products.
• SamsaracoreTechnology or Integration · 15 January 2026Fleet telematics service provider integrated with DriveWell Fleet platform. Samsara's connected vehicle data harmonized with CMT's risk insights for commercial insurance pricing.
• Verizon ConnectcoreTechnology or Integration · 15 January 2026Fleet telematics service provider integrated with DriveWell Fleet platform covering over 80% of connected commercial vehicle market.
• LytxcoreTechnology or Integration · 15 January 2026Fleet telematics service provider integrated with DriveWell Fleet platform for video-based driving insights.
• NetradynecoreTechnology or Integration · 15 January 2026Partner collaborating with CMT to help insurers access high-quality driving data for more accurate premium calculations. Integrated with DriveWell Fleet platform.
• TransUnioncoreTechnology or Integration · 29 October 2025Partnership to launch portable driving scores that consumers can carry to insurers for better auto insurance rates. Scores designed to promote safe driving behavior and protected under Fair Credit Reporting Act.
• TransUnioncoreTechnology or Integration · 29 October 2025Launched portable driving scores partnership enabling consumers to carry driving scores to insurers for better rates, protected under FCRA.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Arity: Allstate's telematics spinout that collects and analyzes driving data to power usage-based insurance and mobility services. Directly comparable to CMT as a smartphone-first UBI telematics platform competing for the same auto insurer customers.
• Octo Telematics: Italian-headquartered global UBI telematics provider historically competing with CMT for European auto insurer programs. Closely aligned business model centered on smartphone and black-box telematics data for insurance pricing and claims.
• Geotab: Leading commercial fleet telematics platform with millions of connected vehicles globally. Directly comparable in the commercial fleet insurance vertical where CMT's DriveWell Fleet competes for commercial auto insurer risk data.
• Samsara: Connected Operations platform combining fleet hardware, telematics, and video-based safety. Both a CMT BYOD integration partner and a competitor in commercial insurance telematics data feeds for fleets.
• Verizon Connect: Fleet management and telematics platform backed by Verizon's network. Functions as both a CMT BYOD integration partner for connected fleet data and a competitor for commercial insurance telematics relationships.
• Lytx: Video telematics and driver safety platform serving commercial fleets. Direct peer in the video/dashcam-based behavioral analytics layer integrated with CMT's platform via BYOD APIs.
• Netradyne: AI-powered dashcam and fleet safety company whose driving data is integrated with CMT for commercial insurance pricing. Competes in the AI dashcam/telematics space for fleet customers and insurer partnerships.

Broad incumbents

• LexisNexis Risk Solutions: Large insurance data and analytics incumbent that ingests telematics feeds and provides risk-scoring data products to US insurers. Overlaps with CMT on the insurance data analytics layer and competes for the same carrier analytics budget.
• Verisk: Insurance data analytics and digital solutions provider serving property/casualty carriers with claims, underwriting, and analytics. Adjacent competitor for insurer analytics spending and a potential partner/channel for telematics data products.

Emerging players

• Motive: AI-driven fleet management and safety platform that combines telematics hardware with dashcam video and driver-coaching software. Emerging competitor in commercial insurance telematics and a potential BYOD integration partner.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/cmtelematics
• YouTubevimeo.com/cmtelematics
• Facebookfacebook.com/cmtelematics
• LinkedInlinkedin.com/company/cambridge-mobile-telematics

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cambridge Mobile Telematics