Cambridge Mobile Telematics announces $500M Investment from the SoftBank Vision Fund

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Safe drivers are made, not born.

Automobile injuries and crashes — 50 million annually — are a serious worldwide problem. At Cambridge Mobile Telematics (CMT), our mission is to make the world’s roads safer using mobile sensing and IoT, machine learning, and behavioral science. We have developed DriveWell, a complete telematics and behavioral analytics solution, to improve safety for the connected car world. DriveWell provides actionable insights on driver behavior and vehicle dynamics to auto insurers, vehicle fleets, auto makers, wireless carriers, and government agencies, and is being used successfully in a wide range of applications.
DriveWell App + Tag

DriveWell: A Behavior-Based Program

Our award-winning DriveWell program is a complete telematics and analytics solution for extracting actionable insights on driving behaviors and vehicle dynamics.

Customer Growth

Growing Customer Base

Try-Before-You-Buy attracts new customers with marketing, in-app friending, and social platform integration. Customers report 2x higher rate of growth.

Lower Loss Ratios

Lower Loss Ratios

Personalized scores, continuous feedback, and incentives result in better driving behavior. Customers report 34% fewer crashes and 20% less-severe claims.

Customer Retention

Customer Retention

CMT’s products have received awards for retention and growth from Gartner and Celent. CMT ranked #1 global smartphone telematics provider.

Mobile telematics apps to engage, incentivize, and improve drivers

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Testimonials

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CMT's technology further enhances Discovery Insure's leadership position in the growing industry of behavior-based auto insurance, and we look forward to continuing this partnership.

Anton OssipChief Executive Officer, Discovery Insure
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We are delighted to have teamed up with CMT, who can bring their cutting-edge technology and proven expertise to our future telematics developments.

Gunnar PetersHead of Telematics, Admiral
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We want our drivers to be as safe and informed as possible – which made deploying a behavior-based telematics program a top priority. We look forward to working with CMT to deliver an experience that leads to safer drivers, and safer roads.

Kim GarlandSVP Standard Lines and Director of State Auto Labs, State Auto Insurance Companies
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At Agero, we specialize in driver safety and roadside assistance services, and are constantly looking for ways to use technology to enhance the user experience and provide peace of mind to customers during stressful accidents. By integrating our Accident Scene Management services with CMT’s powerful innovations in the Internet of Things, smartphone sensing, and data analytics, we are creating an end to end accident solution.

Dave FerrickChief Executive Officer, Agero
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We, at EverQuote, chose CMT as a partner because they have great science behind their technology, an excellent engineering team and are open to close collaboration. Together we've created EverDrive, a compelling free social safe-driving app that is helping drivers improve their driving habits all over the US.

Tomas Revesz (CTO) & Andrew Ressler (EVP Consumer Products)EverQuote
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Our top priority is creating streets that are safe for Boston’s pedestrians, cyclists and drivers. I thank Cambridge Mobile Telematics and the Arbella Insurance Foundation for their partnership.

Martin WalshMayor of Boston, announcing the Boston’s Safest Driver app
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CMT's mobile app and technology platform fit with what we wanted to deliver to our customers. Their ability to solve problems rapidly made for a seamless implementation.

Christian LavertySenior Project Manager, Electric Insurance