Comroads
Comroads offers a cloud platform that allows auto insurance companies to obtain road-related evidence from any time or location using existing technologies.
| Date | Investors | Amount | Round |
|---|---|---|---|
$800k | Seed | ||
| Total Funding | 000k | ||
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Comroads operates as a geographic data handling platform, established in Israel in 2015. The company set out to map roadways by crowdsourcing dashcam footage from a community of drivers. This video-centric approach allowed users to see real-time road conditions, identify potentially hazardous areas, and review footage of traffic incidents.
The core of Comroads' service was a web and mobile application where users could upload, retrieve, and share their dashcam videos. These videos were then processed and visually displayed on a map, pinpointing the exact location of each recording. This functionality was intended to serve drivers and car owners, providing them with video evidence to support insurance claims or contest traffic violations. To facilitate this, the company provided an API for dashcam manufacturers and video recording app developers, enabling direct video uploads to the platform.
Financially, Comroads was a venture-backed entity. The company secured $880,000 in a single Seed funding round in January 2018. This investment was led by TheHive, VLX Ventures, and InsurTech Israel. Despite this initial funding and its platform development, which included user interface updates as recently as April 2019, the company ceased operations. PitchBook data indicates the company went out of business as of July 2020.
Keywords: Comroads, dashcam video, road mapping, geographic data, crowdsourced video, traffic incident reporting, driver community, vehicle data, road safety, insurtech, video evidence, telematics, fleet management, automotive technology, video mapping, location-based services, traffic analysis, real-time road conditions, driver safety, VLX Ventures