Cambridge Mobile Telematics

Cambridge Mobile Telematics

Telematics solutions for driving behavior analysis

About Cambridge Mobile Telematics

Simplify's Rating
Why Cambridge Mobile Telematics is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Automotive & Transportation

Financial Services

Company Size

201-500

Company Stage

Growth Equity (Venture Capital)

Total Funding

$491.2M

Headquarters

Cambridge, Massachusetts

Founded

2010

Overview

Cambridge Mobile Telematics uses telematics technology to monitor driving behavior and improve road safety. By collecting data on driving patterns like speed and braking through mobile technology, the company helps auto insurance companies and fleet operators assess risk and promote safe driving. CMT differentiates itself by partnering with insurers to offer usage-based insurance policies that adjust premiums based on actual driving behavior. The company's goal is to enhance road safety for everyone by continuously improving its technology and fostering industry partnerships.

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Simplify's Take

What believers are saying

  • CMT's technology helps insurers reduce claims costs by promoting safer driving.
  • CMT's partnerships with industry leaders enhance its market credibility and reach.
  • CMT's expansion into EV platforms offers new growth opportunities.

What critics are saying

  • Emerging telematics startups pose a threat to CMT's market share.
  • Data privacy concerns could lead to stricter regulations affecting CMT.
  • Economic downturns may reduce demand for telematics solutions.

What makes Cambridge Mobile Telematics unique

  • CMT leverages mobile technology to monitor and improve driving behavior.
  • CMT partners with insurance companies to offer usage-based insurance policies.
  • CMT provides fleet management solutions to enhance vehicle safety and efficiency.

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Funding

Total Funding

$491.2M

Above

Industry Average

Funded Over

3 Rounds

Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Company Match

Unlimited Paid Time Off

Flexible Work Hours

Company Equity

Wellness Program

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

0%
The Murray Sentinel
Jan 15th, 2025
Press release: Team Kentucky challenges teens to drive safely and win big

Gov. Andy Beshear today joined transportation officials and partners from AAA Blue Grass, AAA East Central and Cambridge Mobile Telematics to announce the registration start for the challenge.

Dayton 24/7 Now
Oct 17th, 2024
Ohio sees significant drop in traffic crashes after new distracted driving law

The Ohio Department of Transportation (ODOT) has partnered with Cambridge Mobile Telematics (CMT) to analyze driver behavior since the law's enactment.

The Manila Times
Sep 3rd, 2024
Cambridge Mobile Telematics Earns Frost & Sullivan's 2024 Market Leadership Award for Leading Innovations in the Telematics Insurance and Connected Claims Industry

Cambridge Mobile Telematics earns Frost & Sullivan's 2024 Market Leadership Award for leading innovations in the telematics insurance and connected claims industry.

Business Wire
Aug 16th, 2024
Cambridge Mobile Telematics Raises $500M from the SoftBank Vision Fund

Cambridge Mobile Telematics (CMT), the world’s leading mobile telematics and analytics provider, has secured a $500 million investment from the SoftBa

Coverage
Aug 6th, 2024
Tara Casanova Powell Joins Cambridge Mobile Telematics Road Safety Advisory Board

August 6, 2024, Cambridge, MA - Cambridge Mobile Telematics (CMT), the world's largest telematics service provider, announced today the appointment of Tara Casanova Powell to its Road Safety Advisory Board.

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