Driveway Software

Driver-safety Scoring and Usage-based Insurance Solution

Automotive & Mobility Technologies
Acquired (Inactive) by Earnix on Jul 2021 - closed due to acquisition

Company Overview

Snapshot

Founded in July 2011 by Igor Katsman, Driveway Software operates with 1–10 employees. The company secured $11.63M across 4 funding rounds from 5 investors. Driveway Software was acquired by Earnix in July 2021.

Business overview

Driveway Software provides a smartphone-deployed, cloud-based technology designed for automotive insurers. Its core product offers comprehensive driving data to enhance pricing intelligence, aiming to reduce loss ratios and increase profitability for insurers. The company operates within the Automotive & Mobility Technologies and Insurtech sectors, leveraging artificial intelligence and machine learning to serve the insurance and automotive industries, as well as individual drivers.

Strategic signal

In September 2019, Driveway Software partnered with Zurich Insurance Company Ltd to launch a smartphone-based telematics platform. This collaboration enabled new mobility solutions, signaling the company's capability to integrate its driver-safety scoring technology with major insurance providers to drive innovation in usage-based insurance offerings.

Company Intelligence Q&A

What is Driveway Software's primary offering?
Driveway Software offers a smartphone-deployed, cloud-based technology that provides automotive insurers with comprehensive driving data for pricing intelligence, aiming to maximize opportunities for lower loss ratios and higher profits.
When was Driveway Software acquired?
Driveway Software was acquired by Earnix in July 2021.
Which companies did Driveway Software partner with for telematics solutions?
In September 2019, Driveway Software launched a smartphone-based telematics platform with Zurich Insurance Company Ltd. Earlier, in December 2016, the company teamed with Verisk on smartphone telematics for autos, and in February 2015, partnered with Pinnacle to offer usage-based insurance services to insurers.
Who are the founders of Driveway Software?
Igor Katsman is a founder and CTO of Driveway Software.
When did Driveway Software launch its smartphone platform for usage-based insurance?
Driveway Software launched its smartphone platform for the Usage-Based Insurance Market in September 2013.

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