Zendrive raises $37 mn Series B funding

Zendrive, a solution provider to make roads safer with data and analytics, has recently announced that it has raised $37 mn in Series B funding, led by XL Innovate with participation by Hearst Ventures and existing investors like ACME Capital, BMW iVentures, NYCA, SignalFire, and others. With this funding, Zendrive plans to grow its team across five continents to deepen its focus on the global insurance market. Pankaj Risbood, Technical Co-Founder, Zendrive, said, “Our world-class team of data scientists and engineers are building technology that reduces collisions, improves road risks and ultimately saves lives. It’s of utmost importance that we invest in our teams as they tackle important technical challenges that also have a direct social impact.”