Softbank Vision Fund drives $500m CMT investment

Dec 20, 2018 • Jack Hammond

Telematics system developer and MIT spinout Cambridge Mobile Telematics has raised $500m from Vision Fund that will be used for product development.

Cambridge Mobile Telematics (CMT), a US-based telematics technology provider spun out of Massachusetts Institute of Technology, secured $500m yesterday in an investment by Vision Fund, the $98.6bn fund managed by telecommunications and internet group SoftBank.
CMT has built a telematics system that utilises mobile sensing, artificial intelligence and behavioural analytics technology to measure driving performance in order to help improve driving standards and monitor safety.
The Drivewell mobile telematics platform created by the company includes dashcam video analytics, incentives…

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