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To create the technology that will make driving and cities better and safer.
Nexar offers a community-driven AI-based dashcam app that monitors road safety, using computer vision to, say, detect accidents or analyse road conditions, and sends relevant alerts to nearby vehicles on the network.
The platform is used across hundreds of thousands of cars. The only company ahead of Nexar in terms of visual data acquired from dash cams around the world being Tesla, positioning the former as a leading source of insights for cities, transportation departments, and automotive and insurance firms, a service that can detect parking spots or assist city safety.
The start-up has not only received Series D funding, with which to develop its product, but has recently acquired intelligence networking provider, Veniam. Combining Nexar’s vision data with Veniam’s communications technology will increase the reach and decrease the costs of the company’s mapping of the physical world.
Steph
Company Specialist at Welcome to the Jungle
Nov 2021
$53m
SERIES D
Apr 2020
$52m
SERIES C
This company has top investors
Bruno Fernandez-Ruiz
(CTO)Previously founded Onesoup, YamiGo and Olympum. Experience acting as a Senior Fellow for Yahoo!, leading their native advertising platform, as Associate Director for Fidelity International, and as a Manager for Accenture.
Eran Shir
(CEO)Previously co-founded Dapper, acting as CEO, and Cogniview Systems, acting as CTO. Experience as Senior Director & Head of Creative Innovation Center for Yahoo!