Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
Israeli Road Hazard Warning App Nexar Raises $30 Million
Error: Contact form not found.
by Reuters and Algemeiner Staff
Traffic on an Israeli highway. Photo: Wikimedia Commons.
Israel-based Nexar, whose technology warns drivers of real-time road hazards, said on Wednesday it raised $30 million in a financing round led by Ibex Ventures.
Alibaba, Nationwide Insurance, GE Ventures and previous investors Aleph, Mosaic Ventures, Slow Ventures, True Ventures and Tusk Ventures also participated.
The company also said it appointed Yoad Shraybom, a former Disney executive, as chief financial officer.
Nexar will use the funding to expand its vehicle-to-vehicle (V2V) network by working with insurers, cities and automakers. It offers a free dashcam app connected to a V2V communication network that provides advanced driver-assistance systems (ADAS) and collision prevention alerts to drivers.
Nexar also provides data products to insurance carriers, such as collision reconstruction and first notice of loss reports, which help expedite claims and prevent fraud.
Since the launch of its app in 2016, drivers in 740 cities have driven more than 100 million miles with Nexar. Its biggest markets are New York, San Francisco, Tel Aviv and Las Vegas.
