Zendrive

Zendrive provides telematics solutions for insurers, fleet operators, and other mobile app developers. For insurers, Zendrive provides the infrastructure which uses artificial intelligence (AI) and predictive models on data collected from smartphone sensors to facilitate usage-based insurance. Examples of data collected include instances of phone usage, speeding behavior, braking patterns, etc. Insurers can use the company’s technology in the areas of underwriting, claims management, and fraud detection. The platform has features to detect crashes, track drivers, and assign safety scores for drivers. As of November 2020, Zendrive held behavior data for more than 180 billion miles. In addition to the US, the company also has an office in India.

The company’s last funding round was in August 2019 when it raised USD 37 million in Series B funding led by XL Innovate, which was to be used for product development and expansion of the team.