8/16/2023 0 Comments Nexar dash cam setupDrivers can show law enforcement how they've driven, exonerate themselves, and our collision reconstruction insurance feature actually "understands" what every party on the road did. Nexar's focus is visual evidence of driving, from the road with smart alerts coming from its connectivity features. Nexar told IPVM that its dash cams offer "visual evidence of driving," providing customers with emergency alerts and support in criminal proceedings, as well as with insurance claims: Nexar's cameras also have expandable local and free cloud backup. The company's smart cameras are capable of streaming to the customer's mobile device, with the video viewable through Nexar's Android and iOS apps. Nexar markets six dashcam models that record the road in 1080p or 4K. This revenue estimate would put the dashcam company's pre-money valuation in the $100-200 million range. IPVM estimates Nexar's revenue to be ~$30 million or higher given the above disclosure and the average price of Nexar's dashcams on its web store and Amazon. We expect to continue the same growth trajectory this year, with an additional offering of Nexar One, our smartest connected dashcam with AI-inside, LTE, and 4K resolution. It has 165 employees, and sells hundreds of thousands of dashcams annually. Nexar is the leading dashcam consumer brand in the US, selling smart dash cams and growing 280% year over year. Nexar did not disclose its revenue or sales figures, simply stating that it is growing 280 percent YoY and that it "sells hundreds of thousands of dashcams annually": Nexar has now raised $153 million, according to a post on the company's blog by Nexar CEO/co-founder CEO Dr. November 2021 video from Nexar's YouTube channel announcing the fundraising: $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 raised a $53 million Series D in November 2021 led by Qumra Capital, a Tel Aviv, Israel-based firm that supports late-stage Israeli technology companies: Nexar also has a division, Nexar Data, which pulls anonymized images from Nexar dashcams into its CityStream platform, which is marketed to city planners and authorities who monitor road conditions. connected) dashcams and related accessories directly to customers, primarily through its online store. Eran Shir and CTO Bruno Fernandez-Ruiz and sells smart (i.e. Inside this report, IPVM profiles Nexar's business, including comments from the company about its newest camera model and the firm's goals for 2022. Israel-based Nexar raised $53 million to help expand its dashcam business into both the international and US fleet markets.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |