Nexar Raises $53 Million As Its Ai-Digital Twin Of America Drives Cities And The Future Of Mobility Forward
Nexar Raises $53 Million As Its Ai-Digital Twin Of America Drives Cities And The Future Of Mobility Forward
11/17/21, 9:00 AM
Money raised
$53 million
Nexar, a leading AI computer vision company, announced today the completion of a $53 million Series D funding round led by Qumra Capital with the participation of State Farm Ventures, Catalyst Investments, Banca Generali, Valor and previous backers; Atreides Management, Corner Ventures, Regah Ventures, Aleph and more. Nexar is the leading provider of crowd-sourced visual data and with their data from hundreds of thousands of dash cams across the US and globally, they are second only to Tesla with the volume of image-data collected. The footage is contextualized with AI and provides valuable insights to cities, departments of transportation, automotive & insurance companies, and more. Erez Shachar, Managing Partner at Qumra Capital, will be joining Nexar's Board of Directors.
Company Info
Additional Info
Nexar turns cars into vision-sensors to understand the world. Its platform powers car vision connected services and apps, at scale, making new vision-based applications for better driving, powered by a crowd-sourced vision feed. Using anonymous, aggregated data captured from this network, Nexar has developed a portfolio of vision-based data services for public and private sector partners to make roadways safer and more efficient. Nexar's platform is already deployed across hundreds of thousands of cars, detecting parking spots, managing city safety and more.
More information at: data.getnexar.com
SOURCE Nexar