About Truemotion
Truemotion is a company based in Boston (United States) founded in 2012 was acquired by Cambridge Mobile Telematics in June 2021.. Truemotion has raised $12 million across 2 funding rounds from investors including Cambridge Mobile Telematics, Lakestar and General Catalyst. The company has 118 employees as of December 31, 2022. Truemotion operates in a competitive market with competitors including Coalition, Clearcover, BitSight, Metromile and At-Bay, among others.
- Headquarter Boston, United States
- Employees 118 as on 31 Dec, 2022
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Truemotion, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Series A
Sep 08, 2017
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Investors
Cambridge Mobile Telematics
& 3 more
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Employee Count
118
as on Dec 31, 2022
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Acquired by
Cambridge Mobile Telematics
(Jun 17, 2021)
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Funding Insights of Truemotion
Truemotion has successfully raised a total of $12M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in September 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 2
- Last Round Series A — $2.0M
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First Round
First Round
(06 Oct 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Series A - Truemotion | Valuation |
investors |
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| Oct, 2015 | Amount | Series A - Truemotion | Valuation |
investors |
| 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 Truemotion
Truemotion has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Cambridge Mobile Telematics, Lakestar and General Catalyst. 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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Investment and transformation services for entrepreneurs in technology and finance sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investment firm
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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 Truemotion
| 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 - Truemotion
| 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 |
Truemotion Comparisons
Competitors of Truemotion
Truemotion 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 Coalition, Clearcover, BitSight, Metromile and At-Bay, 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 |
Online property and casualty insurance is provided for businesses.
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| domain | founded_year | HQ Location |
Automotive insurance is delivered via an online platform.
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| domain | founded_year | HQ Location |
Cloud-based cyber risk management solutions are delivered for various industries.
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| domain | founded_year | HQ Location |
App that provides usage-based auto insurance platform for individuals
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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 |
AI-enabled platform offering driver behavior monitoring and analysis solutions
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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 Truemotion
Frequently Asked Questions about Truemotion
When was Truemotion founded?
Truemotion was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Truemotion located?
Truemotion is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Truemotion a funded company?
Truemotion is a funded company, having raised a total of $12M across 2 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Oct 06, 2015.
How many employees does Truemotion have?
As of Dec 31, 2022, the latest employee count at Truemotion is 118.
What does Truemotion do?
Truemotion was founded in 2012 in Boston, United States. AI-based data monitoring and insights are delivered for the insurance and financial services industry. Driving behaviors are tracked through an app, with ratings assigned based on performanceimproved by safe habits and lowered by harsh braking or cornering. Recommendations for safer driving are provided to reduce auto insurance costs. Collected data is analyzed by insurers to refine risk profiling.
Who are the top competitors of Truemotion?
Truemotion's top competitors include Coalition, Clearcover and Metromile.
Who are Truemotion's investors?
Truemotion has 4 investors. Key investors include Cambridge Mobile Telematics, Lakestar, General Catalyst, and Bain Capital Ventures.
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