Nexar Raises $53 Million As Its Ai-Digital Twin Of America Drives Cities And The Future Of Mobility Forward
Amount Raised
$53 Million
Round Type
Funding Round
New YorkInformation TechnologyProfessional ServicesData And AnalyticsTransportationLogisticsDescription
Nexar, a leading AI computer vision company, announced today the completion of a $53 million Series D funding round 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. Nexar is the leading provider of crowd-sourced visual data and with their data from hundreds of thousands of dash cams across the US and globally, they are second only to Tesla with the volume of image-data collected. The footage is contextualized with AI and provides valuable insights to cities, departments of transportation, automotive & insurance companies, and more. Erez Shachar, Managing Partner at Qumra Capital, will be joining Nexar's Board of Directors.
Quick answer
Nexar raised $53 Million in a Funding Round round, dated November 17, 2021. Nexar is based in New York, United States.
- How much did Nexar raise?
- Nexar raised $53 Million in a Funding Round round on November 17, 2021.
- What does Nexar do?
- Nexar turns cars into vision-sensors to understand the world.
- Where is Nexar based and how big is it?
- Nexar is based in New York, United States. Fundz records about 130 employees.
Source: Fundz verified event record.
Who else raised in Professional Services and Data And Analytics around the same time
Companies in the same sectors as Nexar that raised within 45 days of this round, from Fundz verified event records.
- Op Retail raised an undisclosed amount (Funding Round) on December 29, 2021.
- Lilt raised $55M on December 28, 2021.
- EROAD raised $6.4M on December 15, 2021.
- Olo raised $103M on November 18, 2021.
- Intelligo raised $22M on November 15, 2021.
- Saddle Creek Logistics Services raised $7.5M (Funding Round) on November 11, 2021.
Who to call at Nexar, and when
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- An alert the day Nexar raises, hires an executive or expands, scored against what you sell
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Nexar raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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