Nexar

Nexar is a US-Israeli[1] company, the developer of the world's first open vehicle-to-vehicle (V2V) network for preventing road collisions and enabling autonomous mobility.[2][3]

Nexar
TypeCompany
IndustrySoftware development
Founded2015
FoundersEran Shir, Bruno Fernando-Ruiz
Headquarters
New York, US
Websitegetnexar.com

Nexar's technology is being used by the public sector, autonomous vehicle makers, OEMs, fleets, and insurance companies.[4][5] The company's products include dashcams.[4]

History

Nexar was founded in 2015 by Eran Shir and Bruno Fernandez-Ruiz, raising $4 million in its first funding round.[6][1]

In 2016, the company secured $10.5 million in a Series A funding round and raised an undisclosed sum from PROOF Fund in January 2017.[7] The same year, Nexar released CityStream, an app that generates digital maps based on real-time data from roads in specific locations.[8][9][10]

The company joined the Automotive Edge Computing Consortium (AECC) in 2018 and announced an AI-based image retrieval method for localization in cities at the Computer Vision and Pattern Recognition Conference (CVPR) in 2019.[11]

In 2020, Nexar completed a $52 million Series C financing round led by Corner Ventures - with participation from Samsung NEXT, La Maison and Micron Ventures, among others.[12]

In 2021, Nexar collaborated with Blyncsy, a data intelligence company from Utah, to improve road safety in California, Utah and New Mexico by using dash cam footage and machine learning.[13]

In August, Nexar acquired Veniam, a Portugal-based provider of intelligent networking for the internet of moving things.[14][15]

References
  1. Harris, Mark (June 15, 2016). "The AI Dashcam App That Wants to Rate Every Driver in the World - IEEE Spectrum". spectrum.ieee.org. Retrieved September 18, 2023.
  2. Plautz, Jason (April 2, 2019). "RTC expands pilot to detect Las Vegas construction zones". Smart Cities Dive. Retrieved September 18, 2023.
  3. "How Paramount General Agency Drives Insurance Innovation with Video Evidence Program". Nexar's Blog. March 1, 2022. Retrieved September 18, 2023.
  4. Roberson, William (May 30, 2022). "Review: Nexar Pro Dual Dashcam System's Instant Streaming, Cloud Storage Make It A Reliable Bargain". Forbes. Retrieved September 18, 2023.
  5. Bogage, Jacob (December 5, 2021). "How to find bad drivers on the road near you". Washington Post. ISSN 0190-8286. Retrieved September 18, 2023.
  6. FinSMEs (May 29, 2015). "Nexar Raises $4M". FinSMEs. Retrieved September 18, 2023.
  7. FinSMEs (June 16, 2016). "Safer Driving App Nexar Raises $10.5M in Series A Funding". FinSMEs. Retrieved September 18, 2023.
  8. Newcomb, Doug. "Nexar CityStream Uses Smartphones To Crowd-Sourced Mapping Data For Cities And Self-Driving Cars". Forbes. Retrieved September 18, 2023.
  9. "Nexar launches smartphone and dashcam-based CityStream data platform for smart cities". Traffic Technology Today. May 10, 2017. Retrieved September 18, 2023.
  10. Etherington, Darrell (July 24, 2017). "Nexar releases 55K street pics from 80 countries to spur autonomous driving". TechCrunch. Retrieved September 18, 2023.
  11. "Nexar introduces AI-powered image analytics system for better localization in cities". Traffic Technology Today. June 18, 2019. Retrieved September 18, 2023.
  12. "Israeli smart dashcam co Nexar raises $52m". Globes. April 30, 2020. Retrieved September 18, 2023.
  13. "Israeli-based company collaborates in dash cam safety initiative". The Jerusalem Post | JPost.com. Retrieved September 18, 2023.
  14. FinSMEs (August 4, 2022). "Nexar Acquires Veniam". FinSMEs. Retrieved September 18, 2023.
  15. "Israeli car dash cam co Nexar buys Portuguese co Veniam". Globes. March 8, 2022. Retrieved September 18, 2023.
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