Drivemode

Drivemode

Develops software for connected driving safety

About

Drivemode enhances road safety and the driving experience through technology aimed at drivers who want to stay connected while on the road. The company analyzes driving trends using data science to identify improvements in safety and connectivity. Its software solutions can be integrated into any vehicle, allowing drivers to access essential apps without compromising safety. Drivemode differentiates itself by focusing on data analysis and providing insights through a dedicated team of data scientists. The goal is to make driving smarter and safer, serving individual drivers and automotive manufacturers while generating revenue through software sales and licensing agreements.

Company Stage

Acquired

Employees

11-50

Industries

Data & Analytics, Automotive & Transportation, Consumer Software

Total Funding

$8.9M

Headquarters

N/A

Founded

2014


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Simplify's Take

What believers are saying

  • Drivemode's recent $9M funding from prominent investors like Panasonic and NEC Capital Solutions provides a strong financial foundation for growth and innovation.
  • The company's award-winning status, including accolades like the Grand Prize Winner at the MBA Startups 100, enhances its reputation and attractiveness to potential clients and partners.
  • Partnerships with major automotive manufacturers for developing user interfaces and experiences for electric vehicles position Drivemode at the forefront of the evolving automotive tech landscape.

What critics are saying

  • The competitive nature of the automotive technology market means Drivemode must continuously innovate to maintain its edge.
  • Reliance on partnerships with automotive manufacturers could pose risks if these relationships falter or if manufacturers develop in-house solutions.

What makes Drivemode unique

  • Drivemode's focus on data-driven insights to enhance road safety and driving experience sets it apart from competitors who may not leverage data science as extensively.
  • The ability to integrate their software solutions into any vehicle provides a flexible and scalable approach, unlike competitors who may require specific hardware.
  • Drivemode's team, with experience from industry leaders like Zipcar and Tesla, brings a wealth of expertise and credibility to their innovative solutions.

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