Zendrive, a company that uses data and analytics to make roads safer, announced it has raised $37 million in Series B funding.
The round was led by XL Innovate with participation by Hearst Ventures and existing investors, including ACME Capital, BMW iVentures, NYCA, SignalFire, and others, it announced on Thursday.
With this funding, Zendrive will continue to build its mobile driving safety solution and grow its team across five continents to deepen its focus on the global insurance market, the company said in a release. Zendrive has offices in San Francisco and Bengaluru. The R&D centre headquartered in the city since 2014 includes data science, engineering, and product teams, developing solutions to the ‘most complex problems’ around road safety, the company claimed.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.