Driver Technologies, a New York-based AI-based mobility tech company, raised $6M in strategic funding:
Funding led by: IA Capital, and CT Innovations,
Participation by: Liberty Mutual Strategic Ventures, State Auto Labs/Rev 1,The Social Entrepreneurs’ Fund, ID8 Investments, C2 Ventures and Kapor Capital.
Total Funding Amount - $16M
Funds Use: To expand the adoption of its AI-powered dash cam and safety alert app, into insurance-backed programs for commercial and personal drivers, and to pursue direct integrations with insurance, automotive and municipal partners working to enhance road safety.
This funding will allow us to reach more drivers, reduce preventable accidents and limit distracted and drowsy driving, all while delivering privacy-focused, safe-driving savings to drivers, fleet owners and insurers. We also intend to expand our Professional Driver solution into international markets. - Rashid Galadanci, CEO and co-founder of Driver Technologies.
About: Driver is an AI-based mobility tech company that delivers the products and services needed to keep everyone protected on the road. Their mobile app, Driver, transforms a driver's phone into a dash cam designed to improve road safety and make mobility technology more accessible.