About Driveway AI
Driveway AI is a company based in Haifa (Israel) founded in 2011 was acquired by Earnix in July 2021.. Driveway AI has raised $11.63 million across 3 funding rounds from investors including Earnix, AltaIR Capital and IMI.VC. Driveway AI operates in a competitive market with competitors including GreenRoad, At-Bay, Webfleet, Kovrr and Surance, among others.
- Headquarter Haifa, Israel
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Sectors
Financial ServicesTransportation, 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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- Legal Name Driveway Software Corporation
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Funding Insights of Driveway AI
Driveway AI has successfully raised a total of $11.63M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in July 2015. 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 3
- Last Round Series A — $10.0M
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First Round
First Round
(12 Jul 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Series A - Driveway AI | Valuation |
investors |
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| Aug, 2013 | Amount | Seed - Driveway AI | Valuation | unknown | |
| Jul, 2012 | Amount | Seed - Driveway AI | Valuation |
investors |
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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 Driveway AI
Driveway AI has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Earnix, AltaIR Capital and IMI.VC. 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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Early-stage tech VC funding is provided in US, Europe, Israel.
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Founded Year | Domain | Location | |
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Tech-focused VC investment company funding companies in the US & Israel
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Founded Year | Domain | Location | |
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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 Driveway AI
| 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 - Driveway AI
| 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 |
Driveway Ai Comparisons
Competitors of Driveway AI
Driveway AI 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 GreenRoad, At-Bay, Webfleet, Kovrr and Surance, 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 |
Fleet telematics and management solutions for safe driving are provided.
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| domain | founded_year | HQ Location |
Online cyber insurance platform is provided for business risk assessment.
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| domain | founded_year | HQ Location |
Provides cloud-based fleet management software solutions.
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| domain | founded_year | HQ Location |
Cloud-based cyber risk assessment solutions are provided for insurers.
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| domain | founded_year | HQ Location |
Cloud based cyber risk scoring platform for industrial and consumer IoT
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| domain | founded_year | HQ Location |
Online marketplace offering products in electronics, fashion, and more across regions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Driveway Ai
Frequently Asked Questions about Driveway AI
When was Driveway AI founded?
Driveway AI was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Driveway AI located?
Driveway AI is headquartered in Haifa, Israel. It is registered at Haifa, Haifa District, Israel.
Is Driveway AI a funded company?
Driveway AI is a funded company, having raised a total of $11.63M across 3 funding rounds to date. The company's 1st funding round was a Seed of $325K, raised on Jul 12, 2012.
What does Driveway AI do?
Driveway was founded in 2011 in Haifa, Israel, and operates in the auto insurance sector. Driving data is collected and analyzed through a cloud platform that leverages smartphone sensors, sensor fusion, and machine learning, eliminating the need for OBD devices. Comprehensive insured driving insights are delivered to auto insurers for enhanced pricing decisions and risk assessment.
Who are the top competitors of Driveway AI?
Who are Driveway AI's investors?
Driveway AI has 5 investors. Key investors include Earnix, AltaIR Capital, IMI.VC, Kernel Capital, and unknown.