wordpress blog stats
Connect with us

Hi, what are you looking for?

, , , ,

Driving metrics platform Zendrive raises $13.5 million

Bangalore & San Francisco-based Zendrive has raised $13.5 million in a Series A round of funding led by Sherpa Capital, reports WSJ. With this investment, co-founder of Sherpa Capital Shervin Pishevar will join the company’s board. We're psyched to have you and @sherpa on our side! https://t.co/3uGHPIg5bL — Zendrive (@zendrive) February 4, 2016 Zendrive offers a software development kit (SDK) to vehicle fleets to gather data on driver efficiency. It rates driver performance on various metrics like aggressive braking, vehicle control, turning skills, focus etc. It also provides an automatic collision detection facility that lets developers call local emergency services automatically and a coaching feature to provide drivers with actionable insights and personal goals. As of now the company is working on providing better insurance policies through data analytics. The WSJ report mentions that Zendrive recently also hired a VP of insurance to explore opportunities in the insurance industry. Currently, the platform provides its SDK for free for 1-4 drivers, charges $4 per month for 5-99 drivers and a custom amount for over 100 drivers. MediaNama’s take: Most drivers these days have smartphones, making it a pretty neat idea to tap into its sensors to figure out how well drivers are doing. Not using special hardware makes it easy for agencies to adopt the SDK, however, it also makes the data vulnerable to inherent differences between the smartphones of different make. Overall though, if the data is good enough to point out specific quirks in driver behaviour, it should be…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Any licensed service provider will be eligible for testing in the regulatory sandbox as principal applicants, provided they meet the conditions laid down for...

News

The FIR has been filed with the Cyber Crime Cell of the Mumbai Police against an undisclosed person under sections of the Indian Penal...

News

Paytm streamlines UPI services, transitioning users from Paytm Payments Bank to four major PSP banks after NPCI green light.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ