Driveway

About:

Driveway provides smartphone telematics solutions for the insurance sector.

Website: https://drivewaysoftware.com

Twitter/X: Driveway

Top Investors: Millhouse, AltaIR Capital, MassChallenge, Plug and Play Insurtech, IMI.VC

Description:

Driveway is a cloud-based technology that helps ordinary drivers become safe drivers and helps insurers find and reward them. The company provides auto insurers with comprehensive insured driving data for better pricing intelligence – maximizing the opportunity for lower loss ratios and higher profits. While the technology sets new performance standards in the Usage-Based Insurance arena, affordability, scalability, and ease of rollout are the head-turning features that position auto insurers for cost-effective speed to market. Driveway's patented artificial intelligence (AI) technology measures safe and unsafe driving behaviors automatically, right from a driver's smartphone. It combines sensor fusion, machine learning, and artificial intelligence algorithms to sense car trips and driver aggressiveness without the need for plug-in hardware.