Full-Time
Posted on 9/16/2025
Auto insurance telematics and fleet management
$101.8k - $127.3k/yr
Cambridge, MA, USA
In Person
| , |
Cambridge Mobile Telematics provides a platform that monitors driving behavior using mobile sensors to track patterns like speed, braking, and phone usage. This technology allows insurance companies to offer usage-based policies where premiums are determined by actual driving performance rather than general demographics. By providing real-time data analytics and safety rewards, the company distinguishes itself from traditional insurers that rely on static risk assessments. The company's goal is to reduce accidents and improve road safety for everyone by encouraging and rewarding safer driving habits.
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$855M
Headquarters
Cambridge, Massachusetts
Founded
2010
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Company Match
Unlimited Paid Time Off
Flexible Work Hours
Company Equity
Wellness Program
Cambridge Mobile Telematics raises $350M in strategic funding. March 24, 2026 Cambridge Mobile Telematics (CMT), a Cambridge, MA-based developer of AI-driven telematics and road safety solutions, raised $350m in strategic funding. The round was led by TPG (via The Rise Funds) and Allianz X, with participation from State Farm. In conjunction with the financing, CMT entered into long-term commercial agreements with Allianz Group entities to expand data-driven insurance and assistance services across Europe. The company intends to use the funds to scale its global road safety platform, advance its DriveWell Atlas AI models for real-time crash detection and risk assessment, and accelerate the adoption of its Universal Driving Score. Led by Co-Founder and CEO William V. Powers, CMT advances a vertically integrated telematics platform that processes driving data from smartphones, IoT devices, and connected vehicles. By applying AI to driving behavior, the platform helps insurers like State Farm and Allianz shift from reactive claims handling to proactive accident prevention, having already prevented an estimated 100,000 crashes across 25 countries. The company's technology is a core component of major programs like State Farm's Drive Safe & Save, providing the data layer for personalized insurance policies and real-time driver feedback. The team focuses on expanding its partnerships with automotive Original Equipment Manufacturers (OEMs) and the public sector to create a global infrastructure for safer and more sustainable mobility. 24/03/2026
Discovery Limited has sold approximately half of its stake in Cambridge Mobile Telematics (CMT) for $49.5 million (around R831 million) through its subsidiary Vitality Group International. The disposal follows an offer from TPG Global LLC to CMT shareholders. Discovery initially invested $5 million in 2014 for a 21.67% stake in CMT, a telematics company partnering with Discovery Insure. Prior to this transaction, Discovery held an 8.7% shareholding, which has now been reduced by 49.4%. The company will continue accounting for the investment as an associate due to strategic rights and ongoing involvement. The transaction generated a disposal gain of $7.9 million (around R133 million) after costs and tax, which will be excluded from normalised operating profit for the financial year ending 30 June 2026.
Cambridge Mobile Telematics has secured a $350 million strategic investment led by TPG's Rise Funds and Allianz X, with State Farm also participating. The all-secondary deal provides liquidity to existing shareholders without dilution. The Massachusetts-based company builds AI-powered telematics software that transforms smartphones, car sensors and dashcams into real-time risk detectors. Its DriveWell Fusion platform analyses driving behaviour including hard braking, speeding and phone distraction. CMT serves nearly all of the 25 top US auto insurers and supports over 140 safe driving initiatives reaching 55 million drivers across 25 countries. Third-party estimates value CMT above $1 billion. The 16-year-old company is profitable and previously raised $500 million from SoftBank's Vision Fund in 2018.
Cambridge, MA, San Francisco, CA, and Munich, Germany — March 24, 2026 — Cambridge Mobile Telematics (CMT), the world’s largest telematics and AI company
CMT enhances StreetVision platform to identify high-risk intersections and prevent road crashes. 12th March 2026 Telematics technology company Cambridge Mobile Telematics has introduced new capabilities to its StreetVision road safety analytics platform, enabling transportation agencies to identify dangerous intersections and take preventive action before accidents occur. The latest upgrade, called Intersection Safety Insights, integrates federal and state crash data with telematics-based behavioral data to provide a more comprehensive understanding of road safety risks. By combining traditional crash statistics with real-time indicators such as speeding, hard braking, and mobile phone distraction, the platform helps authorities pinpoint exactly where risky driving behaviors are concentrated. This deeper visibility is particularly important because intersections account for a disproportionately high share of road accidents. According to data from the Federal Highway Administration, intersections are responsible for roughly 25% of traffic fatalities and nearly half of all traffic injuries in the United States, despite representing only a small portion of total roadway mileage. The new feature enables transportation agencies to analyze risk patterns at the intersection level and rank locations based on the frequency of hazardous driving behaviors. Officials can zoom into specific intersections to observe where risky maneuvers occur, detect rising trends in unsafe driving, and visualize historical crash and fatality data within the same platform. This integrated approach allows authorities to move beyond simply counting past accidents and instead focus on identifying emerging risks before serious crashes happen. The system also supports before-and-after analysis, enabling agencies to evaluate whether infrastructure improvements such as redesigned intersections, new traffic signals, or speed-calming measures are actually reducing dangerous driving patterns. According to CMT executives, bringing crash outcomes together with behavior-based risk insights enables governments and planners to allocate safety investments more effectively and prioritize high-risk locations. StreetVision is already used by transportation departments, metropolitan planning organizations, and safety agencies to support infrastructure planning and road safety initiatives such as Vision Zero programs. By delivering real-time behavioral insights alongside traditional crash data, the upgraded platform aims to help authorities intervene earlier, reduce accidents, and ultimately make roads safer for drivers, pedestrians, and communities. Post Views: 482