OpenEyes
OpenEyes is an InsurTech company that bundles commercial auto insurance with proprietary AI-powered dashcams and real-time driver risk-prevention technology for commercial truck and bus fleet operators across the United States.
- Company typePrivate
- Founded2022
- HeadquartersAustin, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What OpenEyes does
OpenEyes is an InsurTech company that bundles commercial auto insurance with proprietary AI-powered dashcam technology for commercial vehicle fleets. The company targets primarily mid-market and enterprise commercial truck fleets (10+ power units) across local, intermediate, and long-haul routes, and has extended into commercial bus fleets including school and charter operations. Its core technology consists of AI dashcams with computer vision that continuously analyze road and driver behavior, detect risky events such as distracted driving, aggressive maneuvers, and fatigue in real time, and can intervene in-cab through alerts or emergency braking. A fleet-facing dashboard, personalized driver coaching, and 24/7/365 claims handling complete the risk-prevention platform.
OpenEyes generates revenue primarily through commercial auto insurance premiums charged to fleet operators, with its risk-prevention technology bundled into the policy offering. Coverage spans Physical Damage, Motor Truck Cargo, Excess Liability, and Primary Liability, priced on a customized quote basis with annual billing. Distribution is hybrid: a 50-state licensed insurance agent network organized by US region (Midwest, Northwest, Southeast, Southwest, West) complements a direct enterprise sales motion targeting fleets via demo booking and quote requests, with a self-serve digital portal for existing customers.
Founded by Yoav Oron (CEO), Dr. Omry Sendik (CTO), and Dan Charash (Chairman), the company emerged from stealth in February 2023 with $23M in total funding, anchored by an $18M Series A led by Insight Partners and Pitango First with participation from MoreVC. It is headquartered in Austin, Texas, with a New York regional office, and holds 11-50 employees. Operating geographies span the continental United States and Israel, where it is also licensed to transact insurance.
OpenEyes firmographics
Firmographics- Name
- OpenEyes
- Legal name
- OpenEyes Insurance Agency, Inc.
- Website
- https://openeyes.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- OpenEyes is an InsurTech company that bundles commercial auto insurance with proprietary AI-powered dashcams and real-time driver risk-prevention technology for commercial truck and bus fleet operators across the United States.
- Ownership category
- akta.pro rank
OpenEyes industry classification
Industry- Product category
- Commercial Auto Insurance Technology
- NAICS
- Insurance Agencies and Brokerages (524210), Direct Property and Casualty Insurance Carriers (524126)
- SIC
- Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Loss Control & Safety Engineering (Driver Training, Policy/Program Design, Audits) (TLABANAJ)
- akta.pro secondary industries
- Video Telematics & AI Dashcams (TLAEANAA), Video Telematics, ADAS & AI Dashcams (TLAEAFAG)
Keywords
Where OpenEyes is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
OpenEyes business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Commercial Auto Insurance Premiums: OpenEyes generates revenue through commercial auto insurance premiums charged to fleet operators. The company combines insurance with its risk prevention technology, offering competitive rates by empowering fleets with their technological suite to reduce accident frequency and severity.
- Technology Integration Fees: Revenue is generated by bundling proprietary risk prevention technology with insurance offerings, providing an end-to-end solution for fleet management and safety.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom fleet insurance quotes based on fleet size, coverage type, and risk profile |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
OpenEyes product offering
Product offeringCore offering
OpenEyes provides commercial auto insurance for fleet operators (truck and bus fleets), bundled with its proprietary AI-powered dashcam and computer vision technology for real-time driver behavior monitoring, risk detection, and accident prevention. The offering combines underwriting coverage (physical damage, motor truck cargo, excess liability, primary liability) with a risk prevention technology suite and 24/7 claims management delivered through an integrated fleet dashboard.
Differentiator
Problem solved
Functional benefit
Products and services
- Truck Fleet Insurance Commercial auto insurance specifically designed for truck fleet operators (10+ power units, local/intermediate/long haul), bundled with OpenEyes' proprietary AI risk prevention technology to reduce accidents and insurance costs.
- Bus Fleet Insurance Commercial auto insurance for school bus, charter bus, and mixed bus fleet operators, combined with risk reduction technology for enhanced passenger and driver safety.
- Risk Prevention Technology Proprietary AI-powered technology platform featuring dashcams with computer vision for real-time driver behavior monitoring, risk detection, emergency interventions (e.g., automatic braking), and personalized coaching to reduce accident frequency and severity.
- Claims Management Streamlined claims handling and management services available 24/7/365, designed to help fleet operators manage smooth claims processes when accidents occur.
Quantifiable outcome
- Reduces risky incidents by detecting 10M+ risky events through AI monitoring
- +2 more outcomes
Companies that use OpenEyes
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
OpenEyes technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature4 records
OpenEyes partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
OpenEyes competitors and assessment
Company assessmentDirect peers
- Netradyne: Provider of AI-powered dashcams (Driveri) with computer vision for driver behavior analysis and fleet safety scoring. Direct technology peer to OpenEyes' core AI dashcam offering for commercial fleets.
- Lytx: Long-standing video telematics and fleet safety platform combining dashcams with machine vision for risky driving detection. Directly competes with OpenEyes in AI video-based driver coaching for commercial fleets.
- Samsara: Publicly traded connected operations platform with fleet telematics, AI dash cams, and safety analytics. Most well-funded and broadest competitor in the video telematics space OpenEyes targets.
- Motive: Fleet management platform combining AI dashcams, GPS tracking, and driver safety tools for commercial vehicle operators. Closely comparable to OpenEyes' technology stack on the fleet safety side.
- SmartDrive (Solera / Omnitracs): Video-based driver safety and risk management solution for commercial fleets, focused on identifying risky driving behaviors. Directly comparable in mission and customer base to OpenEyes.
- Cambridge Mobile Telematics: Telematics-driven insurance and behavior analytics platform that pairs driving data with insurance outcomes. Highly comparable InsurTech-meets-telematics model to OpenEyes' bundled offering.
- Cover Whale: InsurTech focused on commercial trucking insurance, combining digital distribution with proprietary underwriting. Closest pure InsurTech peer targeting the same commercial auto fleet segment as OpenEyes.
Emerging players
- Next Insurance: Digital-first commercial insurance carrier offering streamlined commercial auto coverage for small businesses and owner-operators. Adjacent InsurTech competitor with overlapping commercial auto and small-fleet focus.
Broad incumbents
- Progressive Commercial: Commercial auto insurance arm of Progressive, one of the largest US auto insurers. Sets pricing benchmarks and underwriting standards that OpenEyes must beat to win fleet accounts.
- Geotab: Large-scale fleet telematics and connected vehicle platform with broad safety and routing analytics. Competes with OpenEyes on the data/analytics layer that underlies its risk prevention offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights6 records
Customer concentration
OpenEyes social profiles
Digital presenceOpenEyes financial estimates
Financial estimateRevenue estimate
Valuation estimate
OpenEyes leadership team
Management profileNumber of profiles
Profiles6 records
OpenEyes funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OpenEyes M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OpenEyes
What does OpenEyes do?
OpenEyes provides commercial auto insurance for fleet operators (truck and bus fleets), bundled with its proprietary AI-powered dashcam and computer vision technology for real-time driver behavior monitoring, risk detection, and accident prevention. The offering combines underwriting coverage (physical damage, motor truck cargo, excess liability, primary liability) with a risk prevention technology suite and 24/7 claims management delivered through an integrated fleet dashboard.
Is OpenEyes a public or private company?
OpenEyes is a private company. It is classified as venture growth investor backed and is currently operating.
When was OpenEyes founded?
OpenEyes was founded in 2022. It employs 11 to 50 people.
Where is OpenEyes based?
OpenEyes is headquartered in Austin, United States, in the North America region.
How does OpenEyes make money?
Two revenue lines are on record. Commercial Auto Insurance Premiums are the primary driver. The others are technology Integration Fees.
Who are OpenEyes's main competitors?
Direct peers on record are Netradyne, Lytx, Samsara, Motive, SmartDrive (Solera / Omnitracs), Cambridge Mobile Telematics and Cover Whale. Next Insurance is listed as an emerging player. Broad incumbents are Progressive Commercial and Geotab.
Does OpenEyes have an API?
No public API is recorded for OpenEyes.
What industry is OpenEyes in?
OpenEyes's product category is Commercial Auto Insurance Technology. Its primary akta.pro industry code is TLABANAJ, Loss Control & Safety Engineering (Driver Training, Policy/Program Design, Audits), with a secondary code of TLAEANAA, Video Telematics & AI Dashcams. Its NAICS code is 524210 and its SIC code is 6411.