About Drivemode
Drivemode is a company based in San Jose (United States) founded in 2014 was acquired by Honda in October 2019.. Drivemode has raised $11.8 million across 4 funding rounds from investors including Panasonic, Honda and Honda Innovations. Drivemode operates in a competitive market with competitors including Hi Auto, Cerence, Perceptive Automata, German Autolabs and BlueTo, among others.
- Headquarter San Jose, United States
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Sectors
TechnologyTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Funding Insights of Drivemode
Drivemode has successfully raised a total of $11.8M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $9.15 million completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $9.2M
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First Round
First Round
(01 Jan 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series A - Drivemode | Valuation | Panasonic | |
| Jun, 2015 | Amount | Seed - Drivemode | Valuation | Honda Innovations |
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| Dec, 2014 | Amount | Seed - Drivemode | Valuation | Incubate Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Drivemode
Drivemode has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Panasonic, Honda and Honda Innovations. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Business accelerator firm backed by Honda
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Founded Year | Domain | Location | |
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Venture capital investments and startup support services are provided by Incubate Fund in Japan.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Drivemode
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Drivemode
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drivemode Comparisons
Competitors of Drivemode
Drivemode operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hi Auto, Cerence, Perceptive Automata, German Autolabs and BlueTo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Speech-to-intention recognition platform for automobile in-cabin intelligence is developed.
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| domain | founded_year | HQ Location |
AI and SaaS-enabled virtual assistants for connected vehicles are provided.
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| domain | founded_year | HQ Location |
An AI-enabled platform providing perception software for autonomous vehicles.
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| domain | founded_year | HQ Location |
Digital co-driver for vehicles is developed using AI and IoT.
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| domain | founded_year | HQ Location |
Delivers voice assistant solutions for car multimedia and mobile devices.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drivemode
Frequently Asked Questions about Drivemode
When was Drivemode founded?
Drivemode was founded in 2014.
Where is Drivemode located?
Drivemode is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Is Drivemode a funded company?
Drivemode is a funded company, having raised a total of $11.8M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jan 01, 2014.
What does Drivemode do?
Drivemode was founded in 2014 in San Jose, United States, and operates in the mobile technology sector focused on driver safety. Access to essential phone features such as calls, messages, navigation, apps, and music is provided via a platform compatible with Android and iOS devices. The service is designed to minimize distractions while driving, with operations centered on app-based functionalities for everyday use.
Who are the top competitors of Drivemode?
Drivemode's top competitors include Hi Auto, Cerence and German Autolabs.
Who are Drivemode's investors?
Drivemode has 7 investors. Key investors include Panasonic, Honda, Honda Innovations, NEC Capital Solutions, and Mitsui Sumitomo Insurance.
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