Zendrive raised a $13.5m Series A led by Sherpa Capital.Zendrive uses data from your smart phone to improve the safety of drivers. Should Zendrive succeed, it will ultimately reduce the cost of automobile insurance
Zendrive today announced that it has raised $13.5 million in funding for its technology to make transportation safer. The investment was led by Sherpa Capital and will be used to improve technology and add more talent to the team. A mission-driven company, Zendrive uses data and analytics pulled from apps using its technology to improve safety on the road. Instead of utilizing a device that plugs right into your dashboard, the company relies on something more modern and efficient: your smartphone. The data derived from each phone can then be used to make roads safer, by telling government officials how to improve road infrastructure, for example, or telling fleets how to make better drivers, and also by offering real-time notification should a loved one be involved in an accident.