Ohio State University’s insurtech developer Mobikit has been bought by Azuga for an undisclosed amount.
Mobikit, a US-based insurance data science and analytics spinout of Ohio State University, was acquired by vehicle analytics and insurtech provider Azuga for an undisclosed sum on Tuesday.
Founded in 2019, Mobikit has built a cloud-based platform that allows clients to integrate telematics into products and processes. The offering is aimed at the insurance, fleet management and automotive sectors.
The spinout was founded by chief executive Arnab Nandi, an associate professor in the College of Engineering’s Department of Computer Science and Engineering.
The technology will be combined with Azuga’s fleet telematics platform, allowing insurance providers to accurately assess risk when generating policies.
Nandi said: “This is great news for insurance providers and commercial auto fleets everywhere. Combining Mobikit’s expertise in telematics data science with Azuga’s rapidly growing footprint provides huge value to our customers.
“By more tightly integrating our services and solutions, Mobikit and Azuga can help insurers and fleets leverage telematics data to better understand and manage their risk.”
Details about Mobikit’s funding could not be ascertained, though Revolution lists the company in its portfolio.