Nexar Raises $53 Million in Series D  

by Kay Aloha Villamor in November 18th, 2021

Nexar, a New York-based leading AI computer vision company, announced the completion of a $53 million Series D funding round.

The round was led by Qumra Capital, with the participation of State Farm Ventures, Catalyst Investments, Banca Generali, Valor, and previous backers; Atreides Management, Corner Ventures, Regah Ventures, Aleph, and more. 

This funding round allows Nexar to further grow this vision to help drivers drive safer and help cities turn digital. 

Company: Nexar Ltd.

Raised: $53.0M

Round: Series D

Funding Month: November 2021

Lead Investors: Qumra Capital

Additional Investors: State Farm Ventures, Catalyst Investments, Banca Generali, Valor, Atreides Management, Corner Ventures, Regah Ventures, and Aleph

Company Website: https://getnexar.com/

Software Category: AI computer vision

About the Company: Founded in 2015 by Eran Shir, Nexar is the leading provider of crowd-sourced visual data, and with their data from hundreds of thousands of dashcams across the US and globally, they are second only to Tesla with the volume of image data collected. Nexar turns cars into vision sensors to understand the world. Its platform powers car vision-connected services and apps, at scale, making new vision-based applications for better driving, powered by a crowd-sourced vision feed. Using anonymous, aggregated data captured from this network, Nexar has developed a portfolio of vision-based data services for public and private sector partners to make roadways safer and more efficient. Nexar's platform is already deployed across hundreds of thousands of cars, detecting parking spots, managing city safety, and more.

 

Source: https://www.prnewswire.com/news-releases/nexar-raises-53-million-as-its-ai-digital-twin-of-america-drives-cities-and-the-future-of-mobility-forward-301426611.html

 


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