Zendrive, the mobile technology that makes roads safer through data and analytics, today announced it has raised a $13.5 million Series A round led by Series A round led by Shervin Pishevar of Sherpa Capital with participation from Nyca Partners, Thomvest Ventures [Peter J. Thomson] & existing investors First Round Capital, BMW iVentures, Fontinalis Partners [Bill Ford] and Tad Montross. The funding will drive the company’s focus on safety innovation as the world rapidly moves toward the future of transportation.
Pankaj Risbood, Co-Founder & VP-Engineering of Zendrive said
The transportation and logistics sectors in India are undergoing rapid growth and modernization. At the same time, road safety is becoming an increasing focus for regulators and communities [240,000 fatalities on the road in 2013]. Zendrive technology, by virtue of working on any smartphone, fits in very well with the requirements for a solution that is cheap, does not require hardware and can be rapidly deployed nationwide.
Through its product suite, Zendrive’s SDK technology taps mobile sensors to measure driver safety through actions like acceleration, braking, swerving, and phone use, among many others. Zendrive, founded by Google and Facebook veterans, is utilizing powerful artificial intelligence algorithms and hundreds of billions of data points to analyze sensor data and return actionable insights for fleets and drivers. Because it’s software-based, managing and scaling within any number of vehicles is simple and affordable, allowing for more flexibility than a hardware solution.
Shervin Pishevar, co-founder of Sherpa Capital said
Zendrive represents the natural evolution of safety for the next wave of transportation innovation. Stacked with mobile and data experts from Google and Facebook, this team has introduced the first significant driver and passenger safety innovation since air-bags.
Pankaj Risbood, Co-Founder & VP-Engineering of Zendrive added
Zendrive engineering team in India is building state of the art machine learning models to monitor driving behaviors and employing game mechanics to coach drivers to become safer. We are already working with hundreds of billions of sensor data points and growing very rapidly to extract actionable insights for making roads safer.
Zendrive’s technology can be used by a broad list of industries and products including on-demand services, commercial fleets, taxi aggregators, insurance, city planning, mapping, driving instruction, roadside assistance and more. Together, these industries span hundreds of millions of drivers worldwide. With its new investment, Zendrive plans to grow its team and continue honing its road safety technology. This round brings the company’s total investment up to $15 million.
About Zendrive
Zendrive is a company dedicated to making roads safer through data and analytics. It represents the next wave of safety innovation as the world rapidly moves toward the future of transportation that includes on-demand and autonomous vehicles. Through its product suite, Zendrive leverages mobile sensor data to provide actionable insights that improve safety for passengers and drivers. For more information, please visit Zendrive
[Image Credit* – Zendrive]