TrueMotion, Inc.

TrueMotion, Inc. is a technology company focused on improving road safety through advanced telematics solutions and AI-driven insights for insurers, automotive manufacturers, and fleet operators. Founded in 2012 in Boston, US, TrueMotion, Inc. specializes in telematics services that enhance driving safety.

It was acquired in June 2021 by Cambridge Mobile Telematics from Bain Capital Ventures, General Catalyst Partners, and Lakestar for undisclosed financial terms. The company is led by CEO Jakub Bruzi and co-founder Ted Gramer, while Jon Mcneill played a pivotal role in founding the company. TrueMotion, Inc. offers a suite of telematics solutions designed to improve road safety.

Their flagship product, DriveWell Fusion®, includes features such as DriveWell Risk, which provides actionable feedback to enhance driving behavior, DriveWell Crash for immediate accident detection and emergency assistance, and DriveWell Claims that simplifies the claims process for both insurers and drivers. Their services cater to various clients, including auto insurers and public sector entities across North America, Europe, and Asia. TrueMotion, Inc. generates revenue through subscription models and partnerships with corporate clients, allowing them to integrate telematics solutions into their offerings.

The subscription structure typically varies based on data volume or user numbers, facilitating a collaborative approach that enhances client operations while prioritizing safety outcomes. TrueMotion, Inc. aims to leverage its recent acquisition by Cambridge Mobile Telematics to expand its product offerings and geographical footprint. The funding from the Series A round, totaling USD 10.

00 mn, will be directed towards the development of new features within the DriveWell platform. The company plans to target expansion in European and Asian markets by the end of 2023, further enhancing its mission of promoting safer driving practices.