Cambridge Mobile Telematics secures USD 350 million funding led by TPG and Allianz to enhance AI-driven road safety solutions.
Amount Raised
$350 Million
Round Type
Venture
Investors
Description
Cambridge Mobile Telematics (CMT) raised USD 350 million through a strategic investment led by TPG and Allianz X. The funding will help expand CMT’s global road safety platform and develop AI models for real-time driving risk assessment. CMT's CEO, William V. Powers, expressed enthusiasm for the partnership
Quick answer
Cambridge Mobile Telematics raised $350 Million in a funding round, dated March 24, 2026. Investors: Tpg, Allianz X and State Farm.
- How much did Cambridge Mobile Telematics raise?
- Cambridge Mobile Telematics raised $350 Million in a funding round on March 24, 2026.
- Who invested in Cambridge Mobile Telematics?
- Tpg, Allianz X and State Farm are named as investors in this round.
- What does Cambridge Mobile Telematics do?
- Cambridge Mobile Telematics (CMT) is the world’s largest telematics and AI company focused on creating safer mobility.
- Where is Cambridge Mobile Telematics based and how big is it?
- Fundz records about 475 employees.
- Who are the decision-makers at Cambridge Mobile Telematics?
- Fundz holds 3 contacts at Cambridge Mobile Telematics, including the Head of Talent. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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