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 makes every car a smart car and is building 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's mission is to create the world’s first safe-driving network.
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. The company 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 has created a new data product called Nexar Virtual Camera, , which pulls a feed of frames from any location on the Nexar network. This allows users to get on-demand visual insights into what’s happening with key areas of interest, including how park spaces are being used.
Nexar’s safe-driving network now extends to more than 1,000 U.S. cities. The company has a partnership with Japanese insurance giant Mitsui Sumitomo Insurance Co. (MSI) to put Nexar tech into hundreds of thousands of vehicles in Japan.
Nexar is backed by Ibex Investors, Corner Ventures, Samsung NEXT Ventures, La Maison, Micron Ventures, Sompo, Aleph, Mosaic Ventures and others. The company raised $52M in a Series C round on Apr 30, 2020. This brings Nexar's total funding to $96.5M to date.