Nexar is a fully connected dash cam system that uses AI technology to automatically detect and record incidents on the road and save the footage to your phone.
Nexar's mission is to create the world’s first safe-driving network.
Nexar was founded in 2015 by Eran Shir and Bruno Fernandez-Ruiz. The company is headquartered in Tel Aviv, Israel.
Nexar has launched Nexar CityStream, its smart cities data platform, which takes anonymous insights from our network- like construction zone mapping and road inventory tracking and shares them with cities and states in near real-time.
Nexar has also developed Nexar LiveMap, a free, interactive digital map populated with the most current frames and information of any mapping tool available today. Nexar's new data product called Nexar Virtual Camera, which pulls a feed of frames from any location on the Nexar network.
Nexar’s safe-driving network now extends to more than 1,000 U.S. cities. The company has a partnership Mitsui Sumitomo Insurance Co. (MSI), also teamed up with with Nevada public road transit authorities to create “digital twins” representing virtual models of road work.
Nexar is backed by Qumra Capital, State Farm Ventures, Ibex Investors, Samsung NEXT Ventures, Catalyst Investments, Banca Generali, Valor, Atreides Management, Aleph, Mosaic Ventures, Corner Ventures, and others. The company raised $53M in Series D round on Nov 17, 2021. This brings Nexar's total funding to $149.5M to date.