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Startup to analyze the behavior of motorists on the road raised $ 10 million from Abramovich

Roman Abramovich’s company, Ervington Investments, has invested $ 10 million in American A. Driveway start-up. The funds raised will be used to strengthen the company's position in the market and expand its staff. Now the company's products are sold only in the United States, but in 2017 Driveway plans to begin global sales.

Driveway is an application for collecting data about drivers. The direct customers and the target audience of the project are insurance companies. The application collects information about the behavior of insured motorists on the road: driving speed, the way the driver slows down and accelerates, turns, what distance it travels, whether it drives at night. On the basis of the information received, with the help of big data analysis technologies, price adjustments are made for the services of an insurance company: motorists with a neat driving style, for example, receive discounts on an insurance policy. The application is installed on the driver's smartphone, reports The Wall Street Journal.

Driveway was launched in 2010 by Igor Katsman and Yakov Dinner. Since then, information has been collected on 500 million miles of the rally. According to Katzman, Driveway has worked with such insurance companies Deloitte , Pinnacle Actuarial Resources and AmWins .
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In 2012, a business angel invested $ 325,000 in the project, and in August 2013, the company raised $ 1.3 million.

Source: https://habr.com/ru/post/293250/


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