The company Roman Abramovich Ervington Investments invests 10 million dollars in startup Driveway Software Inc. The company develops applications that allow you to collect information on the behavior of drivers on the roads. The program is designed specifically for the insurance companies, which on the basis of the data obtained will provide discounts for policies careful drivers.
According to the press service of the Driveway Software Inc., the owners can install the application on the smartphone IOS platform and Android. The program captures data such as vehicle speed, the distance that every day passes the driver drives a man at night.
The funds raised will be used to strengthen the company’s position in the market for telematics solutions. In addition, the finance received help Driveway Software Inc. to expand its staff and attract the best talent to the firm. “The new funding is a recognition that the mobile telematics becomes ubiquitous part of our daily life,” – said one of the founders Driveway Software Inc. Igor Katzman.