Paris Auto Show
Insurers Can Use Driving Monitoring Tech to Determine Compensation for Accidents, Says Nexar Exec
Bruno Fernandez-Ruiz, co-founder and chief technology officer at car computer vision startup Nexar, spoke Tuesday at a conference on innovation held by Calcalist at the Mondial de l'Automobile auto show in Paris
Fernandez-Ruiz spoke Tuesday at a conference on innovation held jointly by Calcalist and events firm Connecting Leaders Club at the Mondial de l'Automobile auto show in Paris.
Nexar develops a mobile app that turns smartphones into dashcams capable of analyzing the car’s movements and collecting data from various users simultaneously in order to create a safer driving environment. The company was founded in 2015 and is headquartered in Tel Aviv, with additional offices in New York, San Francisco, and Las Vegas. Nexar has raised $45 million in funding to date from investors including Chinese e-commerce giant Alibaba Group Holding Ltd.