What is Nexar?
Founded in 2015 and headquartered in Tel Aviv, Nexar leverages advanced artificial intelligence to transform standard dashcams into sophisticated sensors. By processing real-time visual data, the platform detects road hazards, collisions, and traffic congestion, providing actionable insights to drivers and municipal partners alike. This data-driven approach to road safety positions Nexar at the intersection of automotive technology and urban planning, effectively creating a crowdsourced map of real-time road conditions that enhances safety and operational efficiency for fleet managers and individual motorists.
How much funding has Nexar raised?
Nexar has raised a total of $149.5M across 5 funding rounds:
Unspecified
$4M
Series A
$10.5M
Series B
$30M
Series C
$52M
Series D
$53M
Unspecified (2015): $4M with participation from Slow Ventures and Aleph Venture Capital
Series A (2016): $10.5M led by Aleph Venture Capital, Mosaic Ventures, True Ventures, and Slow Ventures
Series B (2018): $30M supported by Aleph, Ibex Investors, True Ventures, Slow Ventures, Tusk Ventures, Mosaic Ventures, and Nationwide Ventures
Series C (2020): $52M featuring La Maison, Aleph, Ibex Investors, Mosaic Ventures, Atreides Management, Sompo, Corner Ventures, Nationwide, Micron Ventures, and Samsung NEXT
Series D (2021): $53M backed by State Farm Ventures, Banca Generali S.p.A, Qumra Capital, Valor, and Atreides Management
Key Investors in Nexar
Aleph Venture Capital
An early-stage venture capital fund based in Israel that partners with entrepreneurs to scale companies into globally recognized brands across diverse sectors including AI and logistics.
Mosaic Ventures
A boutique venture capital partnership specializing in AI-driven startups, providing hands-on support to European entrepreneurs aiming for global scalability.
True Ventures
A founder-first venture capital firm that partners with creative teams at the earliest stages to build enduring technology and artificial intelligence-driven companies.
What's next for Nexar?
With the infusion of capital from its most recent financing round, Nexar is well-positioned to scale its predictive analytics capabilities and expand its footprint in the global mobility market. The company is expected to focus on deepening its integration with insurance providers and smart city initiatives, utilizing its vast network of connected devices to provide unprecedented visibility into road infrastructure. As the automotive industry shifts toward increased automation and connectivity, Nexar's ability to synthesize complex visual data into real-time alerts will likely remain a cornerstone of its long-term strategic roadmap.
See full Nexar company page
