Driveway Software

Driver-safety Scoring and Usage-based Insurance Solution

Automotive & Mobility Technologies
Acquired (Inactive) by Earnix on Jul 2021 - closed due to acquisition
Acquired Haifa Founded 2011
LinkedIn
Total raised
$11.6M
Last: Undisclosed 2016-08
Stage
Acquired
Founded
2011
Headcount
1-10
HQ
Haifa
Sector
Automotive & Mobility Technologies

About

Driveway Software offers a robust, smartphone-deployed, cloud-based technology that provides automotive insurers with comprehensive driving data for pricing intelligence. The company's technology is designed to maximize the opportunity for lower loss ratios and higher profits.

Funding history · 4 rounds · $11.6M total

2016-08
Undisclosed Undisclosed
2015-07
Series A $10.0M
2013-08
Seed $1.3M
2012-07
Undisclosed $325K

Company Intelligence Q&A

Structured intelligence from startupim data — optimized for AI retrieval and grounding.

What is Driveway Software's primary business offering?
Driveway Software provides a smartphone-deployed, cloud-based technology that offers automotive insurers comprehensive driving data for pricing intelligence, aiming to reduce loss ratios and increase profits.
When was Driveway Software founded and where is its headquarters located?
Driveway Software was founded in July 2011 and is headquartered in Haifa, Israel.
What was the total amount of funding raised by Driveway Software?
Driveway Software raised a total of $11,625,000 across its funding rounds. For a full financing history, please refer to startupim.
Which company acquired Driveway Software and when did this occur?
Driveway Software was acquired by Earnix in July 2021, leading to its inactive status.
What was Driveway Software's last recorded funding round?
Driveway Software's last recorded funding round was an Undisclosed round in August 2016.
With which company did Driveway Software launch a smartphone-based telematics platform in September 2019?
In September 2019, Driveway Software and Zurich Insurance Company Ltd launched a smartphone-based telematics platform to support new mobility solutions.
What partnership did Driveway Software announce in December 2016?
In December 2016, Verisk teamed with Driveway Software to work on smartphone telematics for automobiles.
Which company partnered with Driveway Software to offer usage-based insurance services to insurers in February 2015?
In February 2015, Driveway Software partnered with Pinnacle to offer usage-based insurance services to insurers.
Who is a co-founder of Driveway Software?
Igor Katsman is a co-founder of Driveway Software.

Sectors & technology

Primary sector
Automotive & Mobility Technologies
Sub-sectors
Automotive & Mobility TechnologiesAutonomous & ConnectedFintech & InsurtechInsurtech
Technologies
Artificial IntelligenceMachine Learning
Target customers
ConsumersTransportation & MobilityDriversIndustrial ManufacturingDiscrete IndustriesAutomotiveFinancial ServicesFinancial ProductsInsurance
Business model
B2B2CB2CB2B

Highlights

1 PatentsVerified

Tags

automotivetransportationbehavior-analyticsdriverstelematicsmobile-applicationsfintechinsurtechinsurance-companiesartificial-intelligencesmart-mobilitydriver-safetypricingconnected-vehiclessafetymachine-learning