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Amount Raised
$6 Million
New YorkPublic SafetyTransportationInvestors
Description
NEW YORK, NY / June 8, 2023 / Driver Technologies, Inc. (Driver), an AI-based mobility tech company that delivers a safer, smarter driving experience, today announced the closing of a $6 million strategic funding round led by New York-based investment firm, IA Capital, and CT Innovations, the venture capital arm of the State of Connecticut. Major insurers also participated in the round including, Liberty Mutual Strategic Ventures, State Auto Labs/Rev 1, as well as investors from The Social Entrepreneurs' Fund, ID8 Investments, C2 Ventures and Kapor Capital. With the closing of this round, Driver Technologies has now raised more than $16 million.