Avinew
Avinew, Inc. develops artificial intelligence and telematics-based software solutions specifically for the insurance industry. Founded in 2016 and headquartered in Westlake Village, California, the company focuses on providing auto insurance services tailored for autonomous and semi-autonomous vehicles. Avinew's offerings include usage-based insurance programs that leverage driving data, artificial intelligence, and machine learning to assess premium discount eligibility. By utilizing these advanced technologies, Avinew aims to enhance road safety while delivering value to vehicle drivers and fleet operators. The company was previously known as DRIAV, Inc. and rebranded to Avinew, Inc. in January 2019.
BetterDrive
Acquisition in 2019
BetterDrive is a developer of autonomous vehicle software focused on enhancing road safety by minimizing the likelihood of accidents. The company's innovative software utilizes advanced algorithms that assess various factors, including route, time of day, traffic, and weather conditions, to predict accident probabilities. By analyzing these elements, BetterDrive offers drivers safer alternative routes, thereby reducing the risk of collisions. In addition to its core mission of accident prevention, the company also engages in the mobility insurance sector, leveraging its data-driven insights to inform and improve insurance offerings.
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