Avinew
Avinew is a U.S.-based insurtech founded in 2016 that underwrites specialty insurance products for autonomous and ADAS-equipped vehicles, serving consumer and fleet operators, supported by telematics data acquired through BetterDrive in 2019.
- Company typePrivate
- Founded2016
- HeadquartersWestlake Village, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Avinew firmographics
Firmographics- Name
- Avinew
- Website
- https://avinew.com
- Company type
- Private
- Founded year
- 2016
- Headcount range
- 11–50 employees
- Short description
- Avinew is a U.S.-based insurtech founded in 2016 that underwrites specialty insurance products for autonomous and ADAS-equipped vehicles, serving consumer and fleet operators, supported by telematics data acquired through BetterDrive in 2019.
- Ownership category
- akta.pro rank
Where Avinew is headquartered
LocationHeadquarters
- HQ city
- Westlake Village
- HQ country
- United States
- HQ region
- North America
Markets served
Avinew business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Avinew product offering
Product offeringCore offering
Avinew is an insurtech company that develops insurance products and risk analytics for vehicles equipped with automated driving systems and autonomous vehicles (AVs). The company focuses on enabling safety and freedom for owners and operators of automated driving systems through specialized coverage and telematics-driven underwriting.
Differentiator
Problem solved
Functional benefit
Products and services
- AV/Automated Driving Insurance Product
- BetterDrive
Companies that use Avinew
Customer profileIdeal customer profiles1 record
Avinew technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Avinew competitors and assessment
Company assessmentDirect peers
- Root Insurance: Root is a tech-forward auto insurer that uses telematics and mobile-driven underwriting to price risk — directly overlapping Avinew's data-centric auto insurance model and target customer (telematics-instrumented drivers/fleets).
- Metromile: Metromile pioneered usage-based, pay-per-mile auto insurance built on a telematics data engine, making it a close model for how a data-driven insurer prices behavior and AV-assisted driving — the same mechanism Avinew is pursuing.
- Tesla Insurance: Tesla Insurance is the most direct peer: an OEM-embedded insurance product writing auto policies tied directly to AV and advanced driver-assistance (ADAS) data, competing head-on with Avinew's thesis of pricing risk around automated driving.
Others
- Octo Telematics: Octo is a global telematics and insurance analytics provider serving insurers with usage-based and connected-car data products — comparable to Avinew as a data-driven insurance technology counterpart.
- American Family Insurance: American Family Insurance is the strategic insurer behind American Family Ventures, an early investor in Avinew; it represents a peer incumbent actively investing in and partnering with AV- and telematics-focused insurance platforms.
- SiriusPoint: SiriusPoint is a specialty insurer and reinsurer that invested in Avinew in 2022; as a capital and capacity provider in the specialty insurance ecosystem, it is a direct comparator and potential future competitor in underwriting AV risk.
- Cambridge Mobile Telematics: CMT is a leading telematics data and analytics platform whose DriveWell suite powers UBI and crash detection for many auto insurers — an enabling infrastructure provider whose technology Avinew may either compete with or partner through.
Broad incumbents
- GEICO: GEICO is one of the largest U.S. auto insurers and has been investing in telematics-based pricing; it is a key broad incumbent whose distribution and capital dwarf any niche AV-insurance peer like Avinew.
- Progressive: Progressive is a top-3 U.S. personal auto insurer and the established leader in usage-based insurance through Snapshot; it is the dominant incumbent Avinew must displace or partner with in the AV-adjacent auto insurance category.
- Lemonade: Lemonade is a publicly listed insurtech that has expanded from renters/home into auto; as a broader insurtech incumbent, it represents a potential scaled competitor entering the AV- and usage-based auto insurance space where Avinew operates.
Market position
Customer concentration
Avinew social profiles
Digital presenceAvinew financial estimates
Financial estimateRevenue estimate
Valuation estimate
Avinew leadership team
Management profileNumber of profiles
Profiles1 record
Avinew funding detail
Funding detailFunding overview
Funding rounds2 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Avinew M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Avinew
What does Avinew do?
Avinew is an insurtech company that develops insurance products and risk analytics for vehicles equipped with automated driving systems and autonomous vehicles (AVs). The company focuses on enabling safety and freedom for owners and operators of automated driving systems through specialized coverage and telematics-driven underwriting.
Is Avinew a public or private company?
Avinew is a private company. It is classified as venture growth investor backed.
When was Avinew founded?
Avinew was founded in 2016. It employs 11 to 50 people.
Where is Avinew based?
Avinew is headquartered in Westlake Village, United States, in the North America region.
Who are Avinew's main competitors?
Direct peers on record are Root Insurance, Metromile and Tesla Insurance. Others are Octo Telematics, American Family Insurance, SiriusPoint and Cambridge Mobile Telematics. Broad incumbents are GEICO, Progressive and Lemonade.
Does Avinew have an API?
No public API is recorded for Avinew.